Property sales in the UK have fallen substantially, according to the latest seasonally adjusted figures published by HMRC which collects the property tax paid on transactions.
The price of newly marketed property in Britain increased by an average of 0.3% or £1,058 this month to £309,348 but this was unchanged compared with June 2018, the latest index shows.
The dynamics of the UK’s housing crisis are well-documented: millions prevented from getting on the housing ladder, sky-high rents for often woefully inadequate accommodation and, underpinning it all, a planning system seemingly designed to stop development rather than encourage it (most recently detailed on CapX by Sam Watling today).
The number of sales agreed by estate agents in April reached their highest level since October 2018 with sales to first time buyers rising, the latest industry data shows.
Pent up demand is beginning to release as buyers get fed up waiting for the UK to leave the EU, but a lack of stock continues to dog the market.
The number of offers made in the prime central London property market in the first three months of this year was the highest in more than 10 years, the latest index report shows.
Homes in Scottish cities go under offer in just 27 days, compared to the British average of 56 days, according to new research by Zoopla.
There is currently a sellers market in over half of England and Wales despite the overall slowdown caused by Brexit with the hottest markets in Bristol and Manchester, according to new research.
Across the UK, homes on the market have been on sale two weeks longer than a year ago on average but properties are selling quicker in one in five town and cities, according to new research.
Property sales in the UK are stable, largely unchanged in the 12 months to March 2019, the latest official figures show while non-residential transactions were up for a second month in a row.
The amount of tax raked in by the government from stamp duty on property sales fell by £1billion over the last year, new figures show.
Government figures suggest that a continuing boom in first time buyer activity is helping drive up the number of transactions.
Swindon and Strood have been named the best places to sell a property in England or Wales, based the lowest average time on market, according to new research.
The biggest obstacle property agents in the UK currently face is the turbulent economic and political climate caused by the uncertainty and chaos surrounding Brexit, new research has found.
On in three home moves, about 200,000 a year are now made by owners aged 55 and over as a growing number use their huge equity reserves to find their perfect last home, according to new research.
Scandal claimed as report by national newspaper reveals extraordinary profits made by 160 MPs on sales of tax-payer funded homes.
Against the backdrop of the most intense period of the Brexit process to date, tens of thousands of home owners in the UK still put their properties up for sale in March, new research shows.
More than 29,000 house sales fall through every year in the UK due to fears over local crime, the equivalent of £6.6 billion in property value, according to new research.
The average residential property asking price in Britain increased by just 0.4% this month as Brexit uncertainty ate into the start of the traditionally busier spring housing market, according to the latest index report.
Buyers and sellers are "sitting tight" as Brexit uncertainty continues to freeze the UK property market, surveyors have said.
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