The Property & Homemover End of Year Report for 2023 released by property data and insights analytics firm, TwentyCi last week, has revealed some interesting facts about the housing market including the ongoing decline in market share of online/hybrid agents, as more people move away from the less personable ‘agency’ in favour of the more traditional High Street and self-employed estate...
Independent estate agents across the Southwest feel optimistic about the housing market in 2024, according to the Experts in Property network, with many of its members reporting a New Year bounce back in activity.
After a period of political turmoil, sky high inflation and amid energy- and cost-of-living crises, the outlook at the beginning of 2023 could only get better... and it did...
Andrea Fawell, Sales & Marketing Director of award-winning property developers Kebbell, reveals what market factors are likely to affect house buyers and developers in 2023 and how confidence in the market is right now.
Are you seeing the detrimental effects of soaring mortgage rates and reduced mortgage offers in terms of a house price downturn?
Director of Benham and Reeves, Marc von Grundherr, commented:
“The wheels may seem to be coming off the UK property market with this, the biggest fall in home asking prices that we’ve seen in quite a while, especially in specific parts of the country such as the South West which is cooling faster than most as it had fared better than other places during the pandemic in increase terms...
“Despite the government’s best efforts, we are yet to see house prices take a hit and the property market remains predictably resilient despite the turbulence of the wider economic landscape.
However, although Jeremy Hunt has pulled an almost complete three sixty manoeuvre where tax cuts are concerned, the irresponsible...
The latest market insight by property purchasing specialist, House Buyer Bureau , has revealed that while the market has started to cool where buyer demand is concerned, home sellers are still rushing to list their homes, with this surplus of for sale stock likely to hasten the rate at which house prices are declining across the property market.
Research by London lettings and estate agent, Benham and Reeves, has revealed that while the bonus of the BNO visa scheme has resulted in a high level of Hong Kong homebuyers making their way to the UK, it’s a supporting cast from Singapore that is also helping to drive market activity within the UK, with Singapore nationals sitting on a property portfolio to the tune of £5.8bn in London...
A new report reveals that UK house prices fell at the sharpest pace in almost two years last month as rising mortgage rates and a gloomy economic outlook took their toll.
According to figures released by Halifax, prices fell 0.4pc in October – the third decline in four months. The annual rate of growth fell to 8.3pc from 9.8pc.
The figures echo numbers from Nationwide, which...
The latest mortgage market analysis by specialist property lending experts, Octane Capital , has revealed that the level of mortgage approvals seen across the UK property market is expected to dip in 2022, driven by a -13.4% reduction in buyer demand for residential house purchases.
Octane Capital’s analysis of Bank of England mortgage data estimates where the market will sit come...
Research by Credas Technologies , the leading identity verification checks provider, reveals that anti-money laundering registrations in the real estate sector are on course to grow by over 30% in 2022.
The real estate sector is a common target for criminals who are looking to launder money sourced through illegal activities. By funnelling dirty money into, for example, housing, it...
