Increase in Properties with Reduced Asking Prices
New analysis by property website Zoopla has revealed that over a third (34%) of properties on the market have had their asking prices reduced, which is an increase of 2.5% since March. However, the figures also show that the average discount now stands at 8.1% (£24,823) – slightly less than when the figures were reviewed […]
Homes in Edinburgh in Greatest Demand
New research has revealed that properties listed for sale in Edinburgh receive 145% more interest from prospective buyers than the average property listing in Britain. The analysis, which was conducted by Zoopla, used the volume of email enquiries sent by house hunters to estate agents listing homes for sale on the website over the past […]
Changes in Property and Mortgage Market Trends
Economic, demographic and housing market trends are triggering a change in home ownership in the UK, and as a result mortgage borrowing in older age is likely to move from niche to mainstream within the next decade. This is the conclusion of a new study by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies […]
Getting on With the Neighbours
One possible area of concern for people buying a new house is whether they will get on with their new neighbours. Interestingly, a recent study by Bank of Scotland found that while many people would say they have good neighbours, far fewer say they view their neighbours as good friends. The research found that 46% […]
Proximity to a Farmers Market Can Boost House Prices
New research by Zoopla has found that properties located close to a popular farmers market could be worth up to 26% more than the average home in the same county. It appears that living in close proximity to a weekly supply of organic vegetables and artisan bread can come at a price, with properties near […]
Speculation over Impact of Brexit on Scottish Property Market
Solicitors Property Centres Scotland has recently published some initial thoughts on what impact the Brexit decision might have on the property market in Scotland. According to SPC Scotland, the Scottish property market is generally very resilient and to date there have apparently been no reports from solicitor estate agents about sales falling through because the […]
Increase in Asking Price Means it is “Perfect time to Sell” Property
Property prices across the UK have risen considerably with many experts stating that those considering selling a property should do so while demand is currently exceptionally high. New help-to-buy initiatives and aids for first-time buyers, as well as increased investment in property in the UK, is resulting in a boom with the asking price for […]
Halifax Predicts Slowdown in House Price Growth
The latest House Price Index from Halifax has revealed that house prices in the three months to May were 1.4% higher than in the preceding three months. This was slightly below April’s 1.5% and was the lowest since November 2015 (1.4%). The figures also show that house prices in the three months to May 2016 […]