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Sales rising in prime central London property market but prices down considerably
Despite a backdrop of political uncertainty, sales volumes are rising in the central London prime property market as lower asking prices release pent-up demand, according to the latest research. Indeed, November was the second highest month for sales volumes in 2016 after a stamp duty spike in March, says the analysis report from international real […] The post Sales rising in prime central London property market but prices down considerably appeared first on PropertyWire . Continue reading →
British residential rent values up by 2.3% in last 12 months
Private rental prices paid by tenants in Great Britain rose by 2.3% in the 12 months to November 2016 and were unchanged compared to October 2016, the latest index shows. Rents increased by 2.4% in England, by 0.1% in Scotland and by 0.3% in Wales to an average of £511.50, according to the figures published […] The post British residential rent values up by 2.3% in last 12 months appeared first on PropertyWire . Continue reading →
Sales data shows transactions in UK residential market edged up in November
Sales of residential properties in the UK increased by 0.8% in November while commercial transactions were up by 5.1%, the latest published data shows. However, the monthly sales of homes was down 7.3% compared to November last year, according to the figures from HMRC. The HMRC report also say that a large increase in sales […] The post Sales data shows transactions in UK residential market edged up in November appeared first on PropertyWire . Continue reading →