HOUSING NEWS

British buyers are hitting the brakes on property searches as they wait to see what November’s Budget will bring, marking the first time in two years that annual sales have dropped.

Prospective homeowners are shying away from buying older properties, deterred by the potential of mould, upkeep costs and leaky roofs. A survey of 1,000 adults currently in the market to buy a home found that 44% are considering new builds, while only 30% are looking at older homes. When it comes to older properties, 41% […]

Fixed rate mortgage deals have got more expensive month on month for the first time since February in an ominous new trend for homeowners.

First-time-buyers waited for crash. Now they’re flooding the housing market…

House sales that fall through are costing the economy at least £1.5 billion per year, according to a report for a major bank.

A consultation is being held over plans to build an “urban village” on the banks of the River Hull.

The typical home’s value fell in August, according to the latest figures from Nationwide Building Society, as speculation over tax changes ‘risks sending prices lower’. House prices edged down by 0.1 per cent or £1,585 over the month, its figures showed. It means the average UK property is currently worth £271,079, which is 2.1 per […]

Asking prices for newly advertised British houses and apartments fell in the four weeks to mid-August but the drop was less notable than in the previous two months and sales in July were their highest for the time of year since 2020, a survey showed. Property website Rightmove said on Monday prices for homes put […]

Home repossessions jump 47% in a year

The average price tag on a home coming to market fell by more than £4,500 this month, the biggest July price drop recorded in at least two decades, according to a property website. Across Britain, the average asking price in July is £373,709, marking a £4,531 or 1.2 per cent decrease month-on-month, Rightmove said. While […]