Britain has 768,553 homes valued at £1m or more, analysis by Zoopla shows, with the figure accounting for 2.7% of the nation’s housing stock. The figure is 143,476 up on August 2016, marking a 22.95% increase. Of the total, 430,720 of the properties are in London. Westminster is the capital’s million-pound property hotspot, with 54,231 homes worth at […]
The most affordable areas for single home buyers to buy a one-bed flat in England and Wales outside London are revealed in a new Zoopla survey. Newcastle-under-Lyme topped the list, with buyers typically needing to sacrifice 10.84% of their monthly wage in mortgage payments there. The entire top five is comprised of northern locations, with […]
Demand from prospective buyers looking for new property jumped up over 37% last month, according to new figures from NAEA Propertymark, which also show that a busy New Year also saw more homes put up for sale. However, NAEA suggests increased competition looks set to take its toll this year, with sales to first-time buyers […]
A proposal to pursue a council tax hike on second homes in the Yorkshire Dales National Park has been abandoned following a Richmondshire District Council meeting. Park boss David Butterworth cautioned that much of the progress on building new homes and infrastructure to make the park more attractive for families to live and work now […]
Sir Vince Cable has called for a halt to the government’s right-to-buy policy, describing it as the key reason for the “catastrophic shortage of homes” in England. The leader of the Liberal Democrats said that there must be “an immediate pause” on the scheme for both councils and housing associations until the homes that have […]
Despite the November Budget seeing the abolition of stamp duty for first time buyers, almost nine in ten members of the Rics reported no increase in first-time buyer inquiries in December. A chief economist at Rics, said: “The initial feedback from the market doesn’t suggest that the change in the stamp duty regime announced in […]
November saw a 15.2% annual rise in the number of new first-time buyer mortgages, new figures from UK Finance show, with 34,800 new first-time buyer loans. Lending to home movers rose 16.8%, with 36,200 new mortgages, and remortgaging also increased, with an 8.5% climb recorded. Across all mortgages, lenders approved 13% more loans in November […]
Data from Land Registry and the ONS shows that the average house price in the UK reached £226,000 in November, a 5.1% year-on-year increase. The increase was led by Cambridge, where values jumped 16.4%, and the West Midlands, where the average sold price was 7.2% up on a year earlier. The figures show that the […]
A few questions answered, to get to know us better… ”Based on vibrant Brick Lane, Adam Dockley heads up the eponymous estate agency, Dockleys. Formed in 2016, he created the independent agency after working in the industry for over two decades. His office doesn’t have strict boundaries – but deals mostly with east and south-east London. […]
House prices went up 0.2% in January, rising by £455 from December to £301,477, according to property experts’ latest England and Wales House Price Index. This marks the first monthly climb since September but the increase is down on the 0.4% climb recorded in January 2016. Rutland in the East Midlands saw the strongest performance, […]
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