Cumbernauld in Scotland and Heaton in Newcastle are the quickest markets in Great Britain East London is leading the way in the capital, with Leytonstone overtaking Walthamstow as the fastest market Nine out of 10 of the slowest markets are coastal, with St Austell in Cornwall taking 101 days on average If you’re thinking of … Read more
Key summary Average asking price: £371,422 ( 0.3% since last month, -0.1% since last year) Sales agreed year-to-date: 5% vs. 2024 October price rise: 0.3% (below the 10-year average of 1.1%) Regional picture: London house prices down -1.4% annually, while Scotland, Wales and northern regions all up at least 1% Activity: Buyer demand and new … Read more
Key summary: The government is launching a consultation into home-moving legislation, as they look to speed up and simplify the current buying and selling process They estimate the changes could save the average first-time buyer hundreds of pounds in moving costs, and reduce the time it takes to buy a home by around a month … Read more
Key takeaways from September’s House Price Index: The average asking price of a home has risen by 0.4% this month, to £370,257 However, prices are now 0.1% below this time last year – the first annual fall since January 2024 The south is driving this year-on-year price dip, with London and southern regions seeing the … Read more
In summary: The government is reportedly considering replacing stamp duty with an annual property tax for homes over £500,000, paid by sellers rather than buyers First-time buyers and those moving up the property ladder could be affected differently depending on property values and location, with London and the South East likely to feel the biggest … Read more