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Nationwide: House prices in London fall at fastest pace in a decade

Nationwide: House prices in London fall at fastest pace in a decade

House prices in London are falling at the fastest rate in ten years, figures revealed today. While property inflation has all but stalled across the UK, the capital has seen house prices fall 3.8 per cent over the past year, according to the Nationwide house price index. The average home in London is now £18,000 […]

Victory for some leaseholders who have seen ground rents double

Victory for some leaseholders who have seen ground rents double

More than 40 leading property developers and freeholders have signed a Government-backed pledge to free leaseholders from unfair and costly deals. The new industry pledge, which includes signatories Taylor Wimpey, Persimmon and Barratt Homes, commits to doing away with onerous ‘doubling clauses’ that can result in ground rents soaring exponentially over a short period of time. […]

Gazundering is becoming a serious problem especially in London and the South

Gazundering is becoming a serious problem especially in London and the South

Home sellers in the slow housing markets of London and the South East are increasingly concerned about buyers dropping their offers at the last minute, new data suggest.  So-called ‘gazundering’, or when a buyer lowers their offer price just before contracts are exchanged, is becoming a serious problem for an increasing proportion of sellers. A survey […]