Property ‘flipping’ has fallen dramatically in the last 15 years
In 2004, over 60,000 homes were resold within 12 months; just 18,630 homes were flipped in England & Wales last year... London has seen an even more dramatic drop: 81% fewer homes were flipped in 2018 compared to 2004
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Residential property is attracting ‘more sophisticated investors’, says buying agency
"Activity in the residential investment sector is once again picking up", says buying agency Garrington, although the firm reports "a different profile" of buyer in the sector.
UK property prices have increased three-times as fast as earnings since 2008
The average value of a UK home has risen by 43% over the last decade, while the average wage has increased by 15% - and mortgage payments have trickled up by just 3%
Fastest-moving property market in five years, as buyer demand stays high
The annual rate of UK property price inflation was running at +6.1% in August, according to Zoopla; that's more than double the rate recorded in August last year.
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RFR brings in super-prime specialist as MD
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