The average house price has increased 207% in the UK since the start of the century outstripped by first time buyer homes rising 264%.
Over the last decade house prices in the UK twenty cities have increased by 54% with London leading up 74% since 2009.
Properties sold in the UK worth more than one million pounds have increased five percent but sales fall in London with fewer buyers.
The difference between the asking and sold property price in London is more realistic reducing to 5% from over 20% four years ago.
The looming election deters sellers with property listings down 15% while lower house prices tempt buyers looking for bargains.
For homeowners the time it takes to sell your property of 12 weeks is at a three year high increasing from 8 weeks in 2016.
The national parks are known as Britain’s breathing spaces and home movers pay £127,000 more to live there than surrounding counties.
Urban homes near public parks, gardens and playing fields are more expensive adding 1.1% premium to the value of your property.
House prices coming to the market in London have reduced by more than £13,000 this month helping to move property more quickly.
Deposits for first time buyers to purchase their first home have increased by 52% over the past decade according to the Halifax.
Affordability levels in London are slowly starting to improve with average earnings rising at a faster pace than house price growth.
Homes in Greater London have risen year-on-year for the first time in two years with new seller asking prices 1.3% higher.
Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.
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