More than 7,000 UK estate agents are currently showing signs of financial distress, according a report by accountancy firm Moore Stephens. In the last year, 153 estate agents have gone insolvent, up from 148 the year before. Large estate agents such as Foxtons have reported a 15% drop in revenue...
Coventry house prices have risen by an impressive 26% since the beginning of 2015, outpacing both Birmingham and London, according to the latest report by Knight Frank. It is not only house prices which have seen impressive gains, but also the rental market in Coventry. Asking rents for a 2 bedroom flat...
'Detached', 'garage' and 'bungalow' are the top three most searched for keywords for those buying a new home. Property website Zoopla has analysed search data from its keyword property search tool to reveal the most sought-after property features. Top 10 keyword searches across the UK are as follows: Detached Garage Bungalow Parking Annex ...
House prices have remained broadly flat, according to the latest Halifax Price Index, with the annual rate of growth slowing slightly from 1.9% in May to 1.8% in June. On a monthly basis, prices rose by 0.3% in June taking the average UK house price to £225,654 Mayssell Galley, Managing Director, Halifax, said: “House prices continue...
The 'Waitrose Effect' Living within walking distance of a Waitrose supermarket could add a massive £43,571 to the value of your home, whilst a home close to a Marks & Spencer could add £40,135 to its value. Often referred to as the 'Waitrose effect' because of it impact...
House prices grow 3.3% in North East North east England was the best-performing region in the UK, according to the latest research from Zoopla. In the first six months of the year values in the north east have climbed an impressive 3.3%, adding on average £6,000 to the value of a home. House prices...
Mortgage lending increased in May to £22.2 billion, 8.8 per cent higher than a year earlier. The number of mortgage approved by the main high street banks in May also increased by 3 per cent compared to the same month a year earlier. The increase in approvals is partly driven by...
More than 300,000 house sales collapse every year in the UK, due to broken chains and buyers changing their minds before exchange of contracts, costing sellers on average £2,700. The total cost per year of broken sales amounts to £400 million. Research by Home Owners Alliance and INMMO, and polled...
Almost 317,000 properties financed by Bank of Mum and Dad (BoMaD) 41% of buyers in London receive help from BoMaD The Bank of Mum and Dad (BoMaD) will be funding one in four properties in 2018, the equivalent of a £5.7 billion mortgage lender, according to new research and forecasts from...
Zoopla, owned by ZPG Plc, has agreed to a proposed takeover by US private equity firm Silverlake for £2.2 billion. ZPG, which was founded in 2007, owns and operates some of the UK's most recognised digital brands including Zoopla, uSwitch, Money.co.uk, PrimeLocation and SmartNewHomes. The ZPG Directors intend to recommend unanimously...
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