UK housing market remains resilient according to LSL/Acadata

Latest LSL Property Services/Acadata England & Wales House Price Index – May 2018 headlines ‘New builds bolster London’. Annual growth rates rise for first time in a year, however transactions down by 6% year-to-date according to HPI report. The report reveals that the UK housing market remained resilient showing a very slight rise in the…

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Housing market pauses for breath in July according to Your Move

The latest Your Move England & Wales House Price Index (HPI) July 2017 headlines ‘Housing transactions pause for summer holidays.’ The housing market paused for breath in July, dipping 0.2%, reducing the annual rate of house price inflation to 2.9%. On an annual basis, the average house price in England and Wales rose by £8,433…

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Numbers of single purchasers has decreased

In their latest news report published yesterday by MyHomeMove.com research revealed that the number of homes bought by ‘single’ purchasers has fallen by an average of 4% over the past five years, approx 10,000 transactions per year.   Home buying couples, friends and those purchasing in groups, now account for approx 60 per cent of…

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UK Property Transactions Count – August 2016

Released yesterday 21st September from HM Revenue and Customs; the monthly property transactions completed in the UK with value of £40,000 or above. The provisional seasonally adjusted UK property transaction count for August 2016 was 97,660 residential and 10,620 non-residential transactions. Residential transactions There has been negligible change in the seasonally adjusted estimate of the…

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Countrywide PLC Half-Year Results

Countrywide plc, the UK’s largest integrated property services group, announced its results yesterday for the six months ended 30 June 2016. Countrywide warned that its 2016 earnings will be lower than the previous year, saying commercial and London residential transactions have stalled after the UK voted to leave the European Union (Brexit). Alison Platt, Chief…

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A more efficient house purchase system

According to an article yesterday in The MailOnline News, ministers are planning to shake up the housing market to protect the thousands of people  every year who suffer the disappointment and expense of their sale falling through. The Government signalled its intentions In the Budget in March by reportedly saying, ‘We will publish a call…

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Property Transactions likely to slowdown.

The outlook for the UK property market according to certain analysts is looking somewhat unpredictable at present, mainly due to the uncertainty surrounding the EU referendum vote set for 23rd June. Most recent polls give the “Remain” a lead over the “Leave”, however it is close and with a fair number of undecided voters it…

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Property sales slide says Hometrack

According to data released today by Hometrack,  the number of house sales over the past 12 months across the top 12 cities in the UK fell by 2%, London saw a 7% drop in transactions for the year to January,  Cambridge experienced the biggest drop in sales, down 20% year-on-year. Hometrack’s UK Cities index shows house…

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Portuguese property price predictions.

The latest RICS Ci Portuguese Housing Market Survey predicts house prices to rise at a steady pace in the future, the housing market has enjoyed steady growth in both sales and values in the 2015. It was reported that estate agents saw a modest rise in transactions during January this year, however sales among developers…

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Fewer conveyancing firms in 2015

According to Search Acumen the total number of active conveyancing firms dropped by 9% in 2015, that equates to more than 500 firms. Conveyancing firms  recorded an average of 192 transactions in 2015, compared to 175 transactions in 2014, the increase came despite the overall conveyancing market remaining flat with 1,030,023 transactions in total during…

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Pressure on House prices and Rents continues.

According to a report by Your Move and Reeds Rains tenants faced the fastest rise in monthly rent bills since 2011 last year, in their monthly index it showed that rents grew by 3.4% during the year, rising £27 on December 2014 to an average £794 per month, also the percentage of all unpaid rent had…

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FTB sales increase in August compared to May

The number of first-time buyer sales in August leapt by over a quarter compared to May, according to the latest First-Time Buyer Tracker from Your Move and Reeds Rains. August experienced 30,200 completed first-time buyer transactions, compared to 23,700 in May–the month of the General Election. This represents an increase of 27.4% on a three-month…

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Land Registry data for May

This data provides information about the number and types of applications that Land Registry completed in May 2015. Land Registry completes 1,298,742 applications South East tops the table of regional applications with 299,361 Birmingham tops the table of local authority applications with 20,035 The Transaction Data shows Land Registry completed over 1,298,740 applications from its…

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Increase in stamp duty

The latest research from Lloyds Bank shows the Stamp Duty revenue raised in England and Wales increased by an estimated £1.5 billion to £7.7 billion in the year to March 2015, this exceeds the £6.2 billion in the year to March 2008 at the peak of the last housing boom. A higher number of residential property…

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