If you live in the UK (primarily Wales or London) then we've got some good and bad news for you. The good news is that, according to the land registry data, your home is probably worth more today than it was in 2016. The bad news is that you'll have a harder time selling it.
Looking at the facts and figures alone, Graham Norwood examines the decline in seller transactions as of February 2017. This means that while citizens are enjoying a higher valuation on their property, it might still be sitting on the market for longer than they'd like.
- Home sale prices in England increased when comparing sales from 2015 to 2016.
- Even while sales prices increased, the amount of home sales were marketed lower in a year to year comparison.
- All parts of the UK experienced home sales declines with London being affected most.
"Land Registry data shows that homes across the UK have risen in price by an average 5.8 per cent in the year to February - but the most startling figures reveal the scale in the slump in transactions."
Read more: https://www.estateagenttoday.co.uk/breaking-news/2017/4/land-registry-data-prices-strong-but-transactions-slump
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