Flat prices cheaper than a year ago

IN reference to official figures, buying a flat or maisonette in England is cheaper than a year ago, with the cost of semi-detached homes increasing fastest.

First-time buyers have been buying later in life and a number of buy-to-let investors have pulled out of the market owing to tax changes.

This may partially account for the 0.4% fall in apartment prices in 2018.

The Office for National Statistics (ONS) said, overall, UK house prices rose by 2.5% in the year to December.

This was the steadiest rate of property price growth since July 2013.

The general cost of a flat or maisonette was £226,247 in December, in regards to the Land Registry and ONS data.

This was a decrease of £883 compared with a year earlier, revealing – in part – the changes in the housing market as a whole.

Some investors have pulled back from buying properties, often flats, to rent, owing to extra stamp duty charges and reduced tax allowances for landlords. This may be a particular issue in London, where apartments are sold at a higher value.

Many new-build schemes aimed at first-time buyers, who are buying later in life, are developments of small houses. This may also reduce demand for flats.

Etiketler
Daha fazla göster

Bir Cevap Yazın

İlgili haber

Close

Reklam engelleyici tespit edildi!

Lütfen reklam engelleyicinizi kapatarak bize destek verin