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Value of UK property market falls £26.9bn as house prices stagnate

Britain’s housing market is now worth a combined £8.2 trillion, according to Zoopla CREDIT: JASON ALDEN/BLOOMBERG  The value of Britain’s housing market has fallen by £26.9bn, or 0.33pc, since the start of the year, as growth in the North East and Wales has failed to counteract falling prices in many other regions across the country. The nation’s homes decreased […]

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Housing market speeds towards ‘crisis point’ as average price rises £10,000 in a year

House prices in the UK increased by £10,000 in the last year on average, according to official figures, with estate agents warning that affordability of houses is reaching “crisis point”. The average property price in June was £223,257, compared to £214,000 in June 2016, the Office for National Statistics said. On a month-by-month basis, house […]

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UK commercial property investment slumped around Brexit vote

Investment into UK commercial property slumped to its lowest level in two years and prices for British real estate began to fall during the period right around the country’sreferendum on EU membership. Investors bought £9.8bn of property during the second quarter of 2016, an 18 per cent drop from the previous quarter — when volumes […]