Tag: Zoopla
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RICS – UK Estate Agents are Most Pessimistic in 14 Years
One of the most striking observations about the UK property market in August was the notable decline in both house prices and sales. According to a report by the Royal Institution of Chartered Surveyors (RICS), house sales and prices experienced a substantial drop during this period. This downturn can be attributed primarily to the impact…
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UK Property – Zoopla’s Views on the Current Market
Investing in the property market is a strategic decision that depends heavily on the latest market dynamics. Here, we break down the recent findings from Zoopla, analysing the UK property market’s current state, so you can make an informed choice about your next move. Key Market Insights Zoopla’s recent market analysis reveals five major takeaways…
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Government Won’t be Helping House Prices
Experts predict delay in real-terms growth in property prices, with government unlikely to intervene to boost prices in upcoming Autumn Statement Property prices in the UK are expected to experience real-terms growth in two or more years, as higher mortgage rates and cost of living pressures continue to drive down property values. The latest data…
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London’s ‘Ghost Listings’: The Rise and Implications
London’s housing market has always been a hub of activity, with various trends emerging and receding over the years. Recently, a phenomenon known as ‘ghost listings’ has been catching the eyes of property enthusiasts, buyers, and sellers alike. But what exactly are these listings, and why are they growing in popularity? Understanding ‘Ghost Listings’ Historically,…
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Buy To Let Properties Sell for 25% Less
Zoopla, one of the UK’s leading property portals, has reported that properties being sold by landlords in the BTL market are typically priced at 25% below the average of the broader housing market. This is an enticing prospect for would-be investors and first-time buyers alike. Why are BTL Properties Selling for Less? Several factors are…
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House-Flipping Guide Updated
Lovemoney have updated their introduction to house-flipping. House flipping, the practice of buying a rundown property, renovating it, and selling it for a profit, has remained popular even during the Covid-19 pandemic. In fact, research by estate agent Hamptons International has shown that 19,000 properties have been flipped during this time. The average difference between…
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London’s Record-Breaking Rents
Rents in London have reached record-breaking levels, surpassing those in other parts of the UK and even outpacing many European capitals. In fact, property agents Savills report that London rents increased by a significant 20% between March 2020 and May 2023. The median cost of a studio in Greater London now stands at £1,275 per…
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Inflation-Beating Buy to Let Hotspots,
The Daily Mail looks at the figures for returns generated by buy-to-let properties around the UK, and rounds up some of the best. Are you considering investing in buy-to-let property? With rising mortgage rates, challenging regulations, and a less generous tax regime, many landlords are finding it increasingly difficult to make a good return. But…
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Do Young Buyers Trust TikTok More Than Rightmove?
For years, property portals like Rightmove, Zoopla, and OnTheMarket have dominated the online real estate market, serving as the go-to platforms for property searches. However, recent research conducted by communications agency Oracle, in partnership with YouGov, reveals a potential shift in buyer behavior, particularly among the younger demographic. In this article, we will explore the…
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UK Housing Market Facing Slowest Year in a Decade
The UK property market is facing its slowest year for house sales in over a decade, according to research by property portal Zoopla. The decline in sales is primarily due to higher mortgage rates and inflation, which have reduced the purchasing power of potential homebuyers. Zoopla’s study suggests that approximately 1 million houses will be…