Some 56% of properties across the UK are in areas that are affordable for first time buyers with all of Blackpool, Lincoln and Kingston upon Hull 100% affordable, new research has found. The figures from the Post Office Money, based on analysis of Office for National Statistics (ONS) data, shows there are many affordable locations […]
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Residential property prices in the UK held steady in August, increasing by 0.3% to an average of 233,541, according to the data from the latest lender index. Year on year they were up by 1.8% and on a quarterly basis there was little change with a rise of 0.1%, the figures from the Halifax show. […]
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More countries and are seeing residential property price rises year on year than at any time in the last decade but the average rate of growth is slowing significantly, the latest global index shows. Although still in positive figures, the second quarter Global House Price Index from Knight Frank has seen a slowdown in annual […]
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The Government’s decision to delay by one year the implementation of potentially damaging VAT changes for construction companies is a victory for common sense, according to the industry. Reverse charge VAT was due to come into force from 01 October 2019 but the Government has announced it will delay it until 01 October 2020 after […]
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Some 42% of sellers would shun traditional estate agents for their next move and 49% would cut the cost by going for a DIY house removal, new research has found. I means that 7.3 million potential house sellers would opt for an online agent to cut the cost of moving or sell privately, according to […]
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Void periods in the private rented sector dropped to record lows across the UK in August, taking the average to just 11 days, the latest industry rental report has found. The shortest average void periods were recorded in the South West, where it took just five days to fill a vacant property in August, eclipsing […]
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Proposals have been announced by the Government that would ensure more sprinklers in new high rise blocks of flats in England. It says in a new consultation document that thousands of residents will benefit from safer homes under proposals that would see sprinklers installed in new high rise homes. The Government is also looking at […]
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Average prices in the prime central London property market fell by 4.4% in the year to August 2019, the most modest fall recorded so far in 2019, the latest index report shows. The annual decreases in the volume of sales in also moderated as buyers responded to price adjustments and the Brexit deadline extension, according […]
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Across Britain as a whole, the current average first time buyer house price is £193,701, some 28% cheaper than the current average price paid by former owner occupiers of £268,119, new research shows. In England first time buyers are currently paying 27% less than those already on the ladder, with this gap marginally smaller in […]
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Home value growth has largely followed job creation since the recession in the United States, further concentrating the housing market to large cities with rural areas lagging behind in terms of recovery. Some 35.1% of employment growth and 40.7% of home value growth since July 2009 have come from the 10 largest job markets in […]
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