#house-prices

#house-prices

An increase in property down valuations, with some homes being marked down by 10% or more by surveyors, is turning deals and lives upside down, mortgage experts claim. Some believe that uncertainty around the contents of the budget may be fuelling a rise in surveyors taking a cautious stance and valuing properties at less than the agreed price. Jonathan Alvarez Herrera, at the broker Ayla Mortgages, had seen a definite uptick in down valuations in the mortgage market during recent months.

After a brief pause in September, home sales across Canada picked back up again in October, rejoining the trend in place since April,

One area has seen cost of a house shoot up by 48pc in just four years

Housing charity Threshold warns of potential unintended consequences of modular units

Dr. Alan Ahearne, known for predicting the 2008 property crash, declares that rising house prices are expected to continue increasing without signs of a downturn in the near future.

The property boom driven by the remote working revolution appears to be over, with new figures showing house prices rising sharply in London and its commuter belt while once-popular pandemic escape zones are now seeing values fall.