Nottingham Letting Agent Property Blog

Latest figures show that just 66% of homes are owner occupied, down from a peak of 71% nine years ago. This means one third of homes are rented from the council or housing association, or are privately rented. This is the largest percentage seen since 1988 when the push towards home ownership was at its peak. It's no surprise to hear that the major obstacle facing young people is trying to afford a mortgage, and data from the Department for Communities and Local Government shows just 10% of homeowners are less than 35 years of age.Young people have been amongst the...

The latest report from the Land Registry for residential property in England and Wales shows property prices fell by 2.6% in September, with the average home costing £162,109. Prices decreased by an average of 0.3% from August to September, and of course only London is bucking the trend, with price movement of 2.7%. The Northwest also saw prices rise by 1%; property prices in the North East saw the largest monthly fall with prices moving by around 3.9%, and annually prices have decreased by 8.2%.The most recent figures show that the number of completions for house sales throughout England and Wales...