Property UK:  Number of homes sold DROPS in March | Property | Life & Style

In a report issued by HMRC this morning, the overall numbers of homes sold in the UK in the first three months of this year, which totals 290,670, is down by just over five percent on the same period in 2017 when 307,550 properties were sold.  In fact, reviewing the data over the last few years, we would have to go as far back as 2015 to find a lower number of transactions for the first quarter of the year, when the total number of properties sold was 288,490. Comparing…

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Halifax research suggests homes ‘earned more than their owners’ | Property | Life & Style

It found that house price growth in Barnet in London, outpaced average earnings by £52,256 over the two-year period – the highest difference in the survey. North Hertfordshire had the second biggest gap, at £40,903, while Canterbury, Guildford and Oxford were also places where house prices have surged particularly far ahead of average earnings. The proportion of areas where house prices are outpacing earnings has fallen, from 31 per cent in 2016 to 18% in 2017, Halifax said. The report also highlighted a continued north/south divide, with 86 per cent…

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Ageing population: New homes MUST be ‘age-friendly’, say experts | Property | Life & Style

GETTY The over-60s are set to outnumber those aged under 20 by 2045 With over-60s set to outnumber those aged under 20 by 2045, the redevelopment of towns and cities needs to cater for the older generation. And a series of incentives should be introduced by the Government, local authorities and developers in a bid to make new homes more adaptable. Proposed changes include cutting the stamp duty paid by “last-time buyers” to encourage older home-owners to downsize and relieve the demand for family homes. Developers and councils could also…

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