There has been a fall in house prices for the month while demand for Help to Buy has increased by 21% over the year.
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Monthly Archives: August 2018
Average house prices in London fall -3.1% in August as sellers try to secure quick sales dragging down the UK property market.
The price per square metre for London properties stalls and is the lowest in Great Britain stalling for the first time in eight years.
The Bank of England has raised interest rates by 0.75% which increases the cost to homeowners with variable rate mortgages.
First time buyers must have a deposit of £115,000 to secure their first home as London house prices rise 48% in the last ten years.
Since stamp duty was abolished for first time buyers with homes valued under £300,000 total savings have amounted to £284 million.