Read more

What will happen to house prices in the UK after lockdown? Watch New Zealand’s property market

Last week, New Zealand started lifting its lockdown restrictions, kickstarting its frozen housing market. Transactions that were on hold are now completing (or “settling”, as it’s known), and buyers can view homes. Its property market is very similar to Britain’s, which could soon be thawing as we come out of lockdown. So can New Zealand show us the future […]

Read more

UK house sales expected to drop to lowest level in 20 years

Coronavirus hits the market just as it started to recover from slowdown after 2016 Brexit vote The UK housing market has come to a sudden halt, with sales expectations dropping to their lowest level in more than 20 years after estate agents closed their doors in the nationwide coronavirus lockdown. The score for sales expectations […]

Read more

UK property market moves into cold storage

As Britain enters the most serious phase yet in its fight to tackle the coronavirus crisis, the traditional “spring selling season” in the housing market has been all but forgotten. The government’s crisis measures to limit the spread of Covid-19 mean estate agents, prospective buyers and surveyors are barred from making home visits — bringing the […]

Read more

UK house prices rising at fastest rate since February 2018

Halifax shows rate of growth at 4.1%, partly due to sales delayed amid 2019 uncertainty UK house prices are rising at their fastest annual rate for nearly two years, according to Halifax, prompting claims that the property market is heading into the crucial spring season in reasonable shape. Halifax said house prices rose by 0.4% in […]

Read more

‘Gazundering’ Seen as Growing Problem for U.K. Housing Market

Automobiles sit in the streets outside rows of residential housing in this aerial photograph taken over London, U.K. Photographer: Matthew Lloyd Gazundering, where a buyer lowers their offer for a home at the last minute, is becoming a growing problem, according to a report. Some 45 percent of people surveyed think gazundering is a serious problem, up […]

Read more

UK property market at its weakest for six years, says Rics

Surveyors body expects prices to fall in the south and south-east over next three month.  Houses for sale in Norwich. Rics forecasts property prices in East Anglia will remain flat over the next 12 months. Photograph: Jason Bye/Alamy The UK property market is at its weakest for six years, with prices flat or falling across half the […]

Read more

Prime London housing market hit by Brexit

The number of high-end London homes being placed on the market has dropped by a quarter as wealthy owners hold off selling ahead of the UK’s departure from the EU. In upmarket areas of the capital, the number of homes being placed on the market for £2m or more was down 25 per cent in […]