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Fewer home sales registered in England and Wales in June fell compared to the previous month but the number was still well up on April 2019, the latest official figures show. Overall, the number of sales received for registration was 81,742, down from 85,667 in May but up from the 74,683 recorded in April, according […]
The post Home sales registered in England and Wales fell in June appeared first on PropertyWire.
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Overall, country house prices in Scotland increased by 1.1% year on year, led by increases across the central belt, in the North and in the Borders, the latest rural property update report shows. Agents have indicated that demand has been underpinned by an increase in discretionary buyers, with a notable rise in those from outside […]
The post Country house prices in Scotland up by 1.1% year on year appeared first on PropertyWire.
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Gross mortgage lending across the UK’s residential market in June 2019 was £21.9 billion, some 4% lower than the same month the previous year with analysists suggesting the slowdown is part of wider Brexit uncertainty. The industry data from UK Finance showing a further slowdown in mortgage lending also showed that the number of mortgages […]
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Estate and letting Agents in the UK are being urged to check that they are signed up with an approved redress scheme that covers the full remit of their work after a recent tribunal ruling. In one of the first decisions of its kind, the Upper Tribunal upheld a fine of £3,000 against the business […]
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Rents in the prime property market in London are unlikely to decline by any meaning full amount in the short term, according to the latest analysis of the sector. The supply of lettings property has begun to increase in higher price brackets in prime central London, putting downwards pressure on average rental values, which fell […]
The post Prime lettings market stabilising in London appeared first on PropertyWire.
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Far reaching changes are needed in the property market in the UK including stronger licencing, a new code of practice, higher qualification standards and a new independent regulator, according to a new report. The Regulation of Property Agents Working Group, set up by Government, says that taking account of devolutionary matters, a new proposed regulatory […]
The post Report paves way for significant changes for property agents in the UK appeared first on PropertyWire.
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The average rent in cities that have seen extensive regeneration has increased by 21% in the last five years, compared to just 16% across England as a whole, new research shows. The biggest boost of the 12 cities examined was in Manchester with a 38% rise in rents since 2014. The report from letting platform […]
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Sales in the prime property markets in London increased year on year in the second quarter of 2019, boosted by a rise in transactions in the £10 million plus market which reached a four year high. The latest real estate market analysis from Knight Frank also shows that on a quarterly and monthly basis the […]
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Estate agents across the UK are currently charging an average fee of 1.2% which equates to a fee of £3,846 on the average house price, according to new research. The highest percentage fees per postcode area was in East Ayrshire in Scotland where agents in the KA15 postcode are charging 2.9% to sell a home. […]
The post Study reveals cost of estate agent fees around the country appeared first on PropertyWire.
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The number of homes bought through the Government’s flagship Help to Buy scheme increased by 9% in the 12 months to March 2019 with the figures also rising for first time buyers. The data published by the Ministry of Housing, Communities and Local Government (MHCLG) show that 52,404 home sales were completed under the scheme […]
The post Help to Buy continues to grow and could be extended beyond 2023 appeared first on PropertyWire.
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