Larger homes are taking ‘considerably longer’ to sell
'One of the early underlying trends of 2023 and a direct effect of higher mortgage rates has been strengthening demand for smaller homes,' says Hamptons, as the housing market slows down.
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Residential transactions ‘have been considerably lower than historically’, says ONS as the official UK HPI turns negative for the first time since 2012
Industry reactions to the latest ONS/Land Registry House Price Index from Knight Frank, Savills, Foxtons, Jackson-Stops, Fine & Country, SPF Private Clients, Propertymark, and more.
Rightmove reports ‘substantially larger’ than usual July price dip
'Buyers have plenty of choice and sellers are having to work harder to stand out and attract them,' says portal.
Rightmove records ‘larger than usual’ June price drop
'It’s unusual to see a price fall of this size in June,' says portal, as the property market's traditional Summer slowdown starts early.
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