house prices

Terraces overtaken by detached houses as highest growing property type

Terraces overtaken by detached houses as highest growing property type

Price growth of the average detached house rose at the highest rate last year, overtaking terraced homes for the first time in 10 years. Analysis of Land Registry data by Savills found that in England and Wales, excluding London, the average sale price of a detached home increased by 4.8pc to £388,926. By comparison, terraces rose by just 1.5pc in 2017, but have risen in price by 29pc since 2007....

Building more homes will not solve Britain’s housing crisis

Building more homes will not solve Britain’s housing crisis

Everyone – from the government, to housing charities, to housebuilders – has bought into the conventional wisdom that the dysfunction that racks our housing market is a matter of demand and supply. We’re not building enough houses, so house prices have been sent rocketing, taking home-ownership out of reach for growing numbers of young people. But in reality, our housing problems are not a simple...

Property prices in London set to drop in 2018 - Nationwide Property Auction blog

Property prices in London set to drop in 2018

Property prices in London set to drop in 2018 according to Rightmove. Home values in the capital are likely to fall another 2 percent in 2018 after a 1.8 percent decline this year, the real estate website operator said Monday. In December alone, prices dropped 3.7 percent in London and by 2.6 percent nationally. The month usually sees a big seasonal slump. “Economic and political uncertainty tend to...

Desperate UK homeowners are cutting prices - Nationwide Property Auction

Zoopla says desperate UK homeowners are cutting prices

Desperate UK homeowners are cutting prices to shift their property in a slowing market. This has reached the highest levels in six years, according to an analysis by website Zoopla. Just over 35% of the homes marketed on the site have marked down their price in the hope of achieving a sale, with the biggest discounts in the London property market. The 35% figure compares with 29% just before the EU...

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