Nottingham Letting Agent Property Blog

According to figures from Rightmove plc, home sellers were forced to cut asking prices in August due to a combination of concerns over the economy and the distractions offered by the successful Olympic Games. Asking prices fell by 2.4% to £236,260 compared to July, when values declined by 1.7%. Values were even down in London by 1.2%. Even though the Bank of England is trying to kickstart lending in order to boost the property market, it's still unclear as to how successful they will be. The housing market is still under pressure due to concerns over the euro debt crisis and...

According to new research from the Royal Association of Chartered Surveyors, more homeowners are choosing to improve their current homes as opposed to moving. Its thought that the sluggish state of the property market is prompting this phenomenon, and it tends to be more prevalent in areas where the property market is more depressed, such as Ireland and the West Midlands, as 75% of people in Ireland chose to improve, while in the West Midlands this figure is 71%.  Somewhat surprisingly, even in areas such as London where the market is relatively healthy, people are choosing to stay put, perhaps because...