News Archive for January - 2018

Rightmove Claims 9% Rise in Visits But No Rush to Market From Vendors

Rightmove says its visits so far in January are running over 9% higher than the same period a year ago, with an average of over four million visits each day.

It adds that average asking prices are up 0.7% over the past month - a very similar figure to the 0.6% recorded in January 2017 and with an almost identical number of properties coming to the market.

However, it warns that buyers are still price-sensitive with the number of sales ...

108 Days - The Longest Average Time For A Home To Go Under Offer

A new league table showing how long it takes homes to sell on average in different postcodes across England and Wales suggests the slowest area is west London, where properties typically take 108 days to go under offer.

By contrast the fastest areas - Northampton, Coventry and Manchester - take a typical 36 days, while the whole-of-Britain average is 61 days.

The data comes from the consumer group HomeOwners Alliance which has compiled ...

The Cost of Moving? It's £9,580 on Average, Says New Research

Buyers spent 9.7 billion on moving house in 2017 with the average individual move costing 9,580 according to comparison website Compare My Move.

The average takes into account conveyancing, surveying and estate agent fees, stamp duty, removal costs and fixed fees such as an Energy Performance Certificate.

Unsurprisingly London is revealed as the most expensive region to move house, costing an average 28,714; the north east of ...

London-wide Annual House Prices Fall for First Time in Eight Years

Figures out this morning from the Nationwide show the first annual fall in London-wide house prices for eight years - and the capital was the poorest performing region of the UK in 2017 for the first time in 13 years.

Price falls for high-value properties in prime areas of the capital have become commonplace since the increase in stamp duty for homes selling at 937,000 or over in late 2014.

But the Nationwide says average prices ...