House Price Index: affordability struggles continue as election looms
May 15, 2017
The latest England & Wales House Price Index from Your Move has shown that affordability struggles continue as election looms. Top line stats:
- Average house price at £301,606 in April
- Up just 0.1% in the month and 3.5% annually
- West Midlands powers on as fastest growing region, topping growth table with Shropshire up 10%
- London subdued with sales volumes down a fifth in two years
The full report can be found here: http://www.acadata.co.uk/acadataHousePrices.php
You May Also Enjoy
Upfront information: homebuyers want confidence as much as speed
What movers want from upfront information, and it isn’t only speed Having a survey, legal pack and chain details before making an offer would help more than eight in ten respondents, according to LRG’s latest sales report Of the 553 who answered the question, 41% said they would offer with more confidence, although not necessarily…
Read More 
How Financial Anxiety Drains Entrepreneurial Energy
Financial anxiety can consume the attention and stamina that business owners need for planning, problem-solving and leading a team. A late payment, an unexpected tax bill or a weak sales month may trigger worry long after working hours have ended. Over time, that mental strain affects sleep, concentration and confidence. The answer starts with creating…
Read More 
How to future-proof a rental property for changing tenant expectations
Over the past decade or so, tenants have become far more discerning. For more and more people, renting is a long-term prospect and today’s tenants expect their homes to be as safe and comfortable as any home they would own themselves. And as legislation around standards and health and safety in the private rented sector…
Read More 
More than a third of homes undergo price reduction
The latest research from GetAgent.co.uk has revealed that more than a third (34.4%) of homes sold subject to contract (SSTC) across Britain’s major cities have undergone an asking price reduction, with this figure climbing to more than half in Bournemouth, raising questions over whether sellers, and their agents, are pricing their properties realistically when first…
Read More 
‘Explosion’ in e-signature use at Land Registry spells progress for homebuying reform
The number of e-signatures used at Land Registry has exploded in the latest quarter — jumping more than ten times in just three months to 643, Novus Strategy can reveal. Qualified Electronic Signatures (QES) are a central plank of the revolution unfolding in homebuying because they reduce friction and save time. It’s a combination of…
Read More 
The Flats Above the Shop Problem
Why residential property hidden inside commercial ownership keeps causing trouble By Adam Hills, Client Services Director, LRG Living Markets Somewhere in many commercial property portfolios sits a small collection of front doors that was never really part of the plan. Many large and small retailers inherit residential property portfolios by default as part of mixed-use…
Read More