D_Property

Demand for property has lifted in London but commuter locations around the capital have seen a slowdown while Wales and Scotland outperform the rest of the UK, the latest index shows. Overall, the national hotspots index from hybrid estate agent Emoov, which calculates the number of properties sold as a percentage of homes listed, reached 38%, up 8% across the country, but up just 3% in England. While in Scotland it rose by 8% and in Wales by 10%. It also shows an improvement for London with demand up 2% since the beginning of 2018. But in commuter zones demand fell by 8%. While Edinburgh is the most in demand city at 62%. Wales recorded the […]

Asking prices in the year to July 2018 increased strongly in some parts of the UK, most notably in the North and West of England, the Midlands and Wales, the latest index shows. The biggest annual growth in asking prices was in Wales at 6.4%, taking the average to £202,378, followed by a rise of 5.4% in the West Midlands to £247,925, a rise of 5.3% in Yorkshire and the Humber to £196,907 and a rise of 5.1% in the North West to £202,248. There was also strong annual growth of 4.7% in the East Midlands to an average of £233,291 but elsewhere asking prices fell or was muted, the data from the Home.co.uk index shows. […]

As yet another Housing Minister takes up the brief, research shows that the majority of house builders and developers believe that the Government is likely to miss building targets. Some 86% think that the maximum achievable is 250,000 a year, well below the Government target of 300,000 a year by 2022, according to the annual house building report from real estate firm Knight Frank. Just 1% of respondents, which include more than 100 developers that account for almost three quarters of all newly built homes across the country each year, think surpassing 300,000 additional homes each year is possible by 2022. It highlights the task ahead for new Housing Minister Kit Malthouse, the 17th politian to […]

Prime country house prices in the UK increased by 0.9% in the first half of 2018 but it has been a mixed picture for this sector of the property market with notable regional variations, the latest index shows. On an annual basis, prime country house prices have seen an increase of just 0.7% but looking longer term prices are some 10% higher than five year ago, according to the data from Knight Frank’s prime country house index. But a higher level of annual price growth was recorded in the prime markets of the Midlands and the North, both up 3% year on year and a handful of urban markets have outperformed, with Harrogate, Bristol and Cheltenham […]