Warning signs are flashing red for the property market, as key indicators suggest house prices could plunge by more than 6pc. Property values could even start to fall before the stamp duty holiday comes to an end on March 31, experts have warned. The return of the tax is expected to accelerate the slump andContinue reading “Falling house prices and forced sales fears: five reasons why the property market is in a tailspin”
Buyers risk missing the Help to Buy and stamp duty deadlines. Nearly one in four agreed sales has collapsed so far this month.
Some top-line figures include theoretical property sales that – given the turbulence ahead – may never actually happen.
While activity is rising now, those polled by the Royal Institution of Chartered Surveyors are negative about the long-term outlook Estate agents have become more negative about the long-term future of the property market, even as prices and activity soar during the “mini-boom”.
The economic outlook is bleak yet house prices hit a new all-time high in August – and the momentum is only set to continue. Mortgage approvals have surged, and the number of sales agreed last month was 91pc up on August 2019, according to analysis by Savills estate agents. As these deals filter into completed sales,Continue reading “Three reasons why the property market has soared – and why it might not last”
Some transactions have fallen through because of delays to the mortgage process.