Further evidence of the “stagnating” housing market

May 21 | 2017
According to the Halifax, property prices in the UK are beginning to drop and their economist has stated that this may be due to property just being too expensive for the majority of people. The Halifax have reported that the average cost of a house or flat is now approximately £219,649. We have mentioned before, here on our blog, that there is presently a shortage of housing generally in the UK which is also considered to be contributing to our dwindling housing market. You can read more at http://www.bbc.co.uk/news/business-39842715 and http://www.bbc.co.uk/news/business-39803515

Stagnant Housing Market?

Apr 18 | 2017
A recent survey undertaken by the Royal Institution of Chartered Surveyors (RICS) has indicated that property sales in March 2017 were stagnant and that there is currently a major shortage of property on the market. Due to the housing stock shortage, property prices in some areas are accelerating although interest and sales enquiries across the board remain on the low side. Conversely, in the lettings market, there was a noted increase in demand (Although still modest in comparison to this time last year). On the whole, a fairly gloomy start to this new financial year for the property market…

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