HOUSING NEWS

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 […]

“She’s probably done me out of quite a bit of money – I feel angry and conned.” Julie Gallagher believes her home was sold at a lower price than it could have gone for. There was a buyer who might have offered more for it, an undercover investigation by BBC Panorama can reveal. Her Connells […]

If you’ve never heard of a flying freehold property, then you’re not alone – unless you’ve lived in one or tried to buy one, it’s a term you’re unlikely to ever have come across. A flying freehold is one of the quirkier features of property law. “When part of a house extends over or underneath […]

More than one in five homes listed for sale have been sitting on the market for more than six months without a buyer snapping them up, according to analysis by a property website. Zoopla said that 22 per cent of homes listed for sale have been on the market for over six months and remain […]

First-time buyers are borrowing through mortgages that last an average of 31 years as the affordability of homes remains a stretch.