Tag: Chestertons
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Property Industry Reactions to Fall in Transactions
Recent data from HM Revenue & Customs (HMRC) has provided a fresh perspective on the state of property transactions. Experts Weigh In Industry professionals have provided various interpretations of this data to PropertyIndustryEye. Let’s explore some insights: The Balance of Transactions Anthony Codling of Twindig observed that the housing transactions have remained stable since June.…
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Expert Reactions to Latest House Price Index
As autumn unfolds, there’s traditionally an uptick in property asking prices. This October, however, the increase was modest at best. Rightmove’s House Price Index highlighted a mere 0.5% rise in property asking prices, the slightest seen since 2008 and significantly lower than the 1.4% average increase observed over the past 20 years. The restrained growth,…
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London Rental Market Soars as Some Landlords Cut Rents
In an intriguing turn of events, London’s rental market has experienced a significant surge, setting new records, even as certain landlords opt for rent reductions to keep their properties occupied. This dynamic shift marks a critical period for tenants and investors alike, illustrating the complex interplay of supply and demand in the capital’s property arena.…
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Experts React to Latest House Price Index
The latest house price index data from Nationwide highlights some of the critical developments shaping the market and provides insight for both prospective investors and regular property buyers. Property Industry Eye got the reactions of some industry experts. A Snapshot of The Current Market September saw a noticeable decline in UK house prices, as reported…
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The Pace of Decline in London House Prices Eases Off
Although London housing prices are continuing to fall, recent data from Nationwide indicates a slight turn in the tides with the rate of decline having slowed down. This offers a glimmer of hope for potential investors, despite complicated conditions involving inflation, interest rates, and other economic indicators. The Picture in Numbers Nationwide’s House Price Index…
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London Buyers are Still Buying, at the Right Price
Despite the overarching perception that the market is in a lull, some of London’s premier estate agencies have observed a significant uptick in demand. Among them, Chestertons reports a 5% increase in properties sold in August compared to July. This isn’t a fleeting trend either. The number of new registered buyers suggests that many are…
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The London Boroughs with Biggest Price Drops
London’s property market, always bustling, is entering its “key selling season”. Traditionally, autumn months signify an increase in activity, often characterised by more listings and, sometimes, more aggressive pricing. Yet, this year paints a slightly different picture. Based on the fresh data from the Rightmove’s House Price Index, the overall monthly seller asking price has…
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Reactions to Latest House Price Report
The UK property market has experienced its sharpest annual fall in house prices in 14 years, according to data released by Halifax. The average property price in August 2022 fell by 4.6% compared to the same month in 2021, marking the largest year-on-year decline since 2009. This drop means that the typical UK home is…
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Londoners Knock £23k Off Asking Prices
Homeowners in London have been forced to reduce their property asking prices by an average of £23,500, as soaring mortgage costs have hit the capital harder than any other region in the UK. According to data from Rightmove, asking prices in London have dropped by 3.4% since they peaked in May. Mortgage rates have tripled…
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Increase in Homes to Rent
The UK rental market is experiencing a shift as more homes are being offered for rent rather than for sale. This trend is driven by homeowners who are unable to sell their properties at their desired prices. Over the past two years, rental prices have increased by almost 10%, creating a situation where the demand…