London Property Prices Fall By 3.4%
Property prices in the capital have finally started to fall, after two years of rising prices and hectic activity on the housing market.
Property prices in the capital have finally started to fall, after two years of rising prices and hectic activity on the housing market.
House prices in the UK continued to rise in June, despite a gathering economic storm which was expected to cool off the market by this stage.
The London property market has seen a record 23% rise in the number of off-market sales agreed, amid the ongoing surge in demand for homes.
London may be a hive of construction activity as numerous new buildings appear from Nine Elms to Canary Wharf, but the cost of doing so is now the highest of any city on the planet.
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Chancellor Rishi Sunak announced plans for a three-month extension of the stamp-duty holiday, and a new mortgage support scheme in his latest budget.
According to the mortgage lender Halifax, demand has soared for detached homes during the past year, with prices increasing by 10% compared to December 2019.
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The Chief Executive Officer of Homes England Nick Walkley has announced he is to leave his post.