Brexit fears hamper spring property revival
Brexit is taking its toll on the traditional spring property revival, pushing down asking prices across the UK by 0.8% in the year to March, according to property website Rightmove.
Australian city of Melbourne has slipped down the rankings in global luxury property market on Knight Frank’s Prime International Residential Index (PIRI), having gained 2.2 per cent gains last year. Although the city still ranks among the world’s top 50 for price growth.
Britain’s increasingly unaffordable housing market has delayed the age when most adults become homeowners by at least eight years since 1997, according to official figures.
A British property firm has acquired a site in Cork with planning permission for student accommodation.
The amount of gazumping going on in the British housing market has fallen but London still sees the biggest amount of the frowned upon practice.
House rebuilding costs in Ireland have increased on average of by 5.5% nationally over last 12 months, mostly due to an increase in building activity.
The North-South divide in house prices will narrow in the next five years as property values in northern England rise by a fifth, a report suggests.
Property investment platform, British Pearl, has released a report highlighting the disparity between the rise in cost of leasehold and freehold properties in the UK.
The Scottish Government is on track to meet its ambitious affordable housing target, new statistics show, with 78,000 built since 2007.
Average house prices in the UK increased by 3.1% in the 12 months to July 2018, down slightly from 3.2% in the year to June 2018, the latest official data shows.