Chestertons dedicated Research department compiles regular reports on national and international property trends. As well as providing information and guidance on property legislation, for all those involved in buying, letting, renting or investing in property.
There has been an increase with more properties on the market, resulting in more active buyers than last year.
A recent review of the buyer activity by Halifax has reveals that first time buyers make up nearly half of all house purchases financed by a mortgage, but those taking their first step on the London property ladder need to put down, on average a deposit of just over £106,500.
The election looms in as house prices show a rise between April and may.
Property landlord? Find out if you are moving up a tax bracket.
A lot more sellers are having to reduce the asking price in order to get a sale.
Good old mum and dad making it possible for young people to get on the property ladder.
With new buyer registrations up by half, there has been an 11% increase in the number of exchanges.
The increase of new builds coming onto the market has affected the price of the Mayfair market. The older portered blocks have become more difficult to sell. Foreign buyers are benefitting from the weakness of the pound.
With 41% of home owners selling in the UK in the past 5 years have had to settle for price cuts on their original valuation. Average property prices across London has risen resulting in 26% of people hoping to buy their first home opt to live with their parents in order to help them save a deposit.