Nottingham Letting Agent Property Blog

The property market is still pretty flat, and this means that second time home movers are facing a struggle to move up the housing ladder due to low equity levels. This sector is amongst the hardest hit by the stagnant property market, and the latest figures show there were around 319,000 home movers last year, roughly the same as in 2011. The current equity position of most people wanting to buy their second home equates to just 7% of the price of a typical second move property compared to 42% in 2005. The average deposit for a home over last year...

The latest figures from the Land Registry House Index show the price of residential property increased by 0.1% in England and Wales in June compared to May. The average house price is now £161,777. This takes the average annual increase up to 0.9%, although the average price increase in London over the last 12 months is 6.3%. The picture isn't quite so rosy in other parts of the country, as properties in the East Midlands saw prices decline by 0.1% in June compared to May, while prices in the South West fell by an average of 0.2%. Prices in Yorkshire and...