Storm clouds can be seen in the deterioration of short-run expectations for both house sale as well as prices, said RICS chief economist.
It took 52 days on average for the sale of homes last year, as per property website HomeOwners Alliance.
Highlights:,Property sales in the UK collapsed at the fastest rate in September since the COVID-19 pandemic.,The latest data comes as mortgage rates have already breached the 6% mark.,Mortgage,rates in the UK have been soaring due to anticipations that th...
The most crucial element for the housing market this autumn is the latest hike in mortgage rates faced by new borrowers, as per Zoopla.
Middle and high-end market sectors have primarily driven the growth in prices this month.
During the pandemic phase, there was a rise in the stamp duty threshold for supporting the stimulation of the property market.
2023 will probably be a tough year for Britain’s housing segment, with 6.2% peak yearly contraction projected in the third quarter.
Highlights:,Housing rates in the country jumped by 15.5% in annual terms in July.,The prices are expected to rise further this year due to interest rate hikes by the Bank of England.,The UK,property market,is showing signs of a cooldown, but that isn't st...
Highlights:,High inflation and interest rates are still unable to quell the demand for property in the capital London.,House prices in London are expected to rise by another £27,000 by the end of 2022.,The,British property market,is showcasing signs of a ...
It is believed that majority of the private rental properties in the UK do not incorporate utilities in the rent.