#property-sales

#property-sales

34% of UK homes are seeing a reduction in price, the highest for this period since 2012, indicating a two-speed property market.

Over the past three years, families have made more than 18,000 claims for overpaid inheritance tax (IHT), with property sales contributing significantly to these claims.

The average price of homes coming up for sale dropped by 1.2% in July compared to June, marking the largest monthly price drop recorded since 2002.

The average house price in Wallington is 431,000, with a decrease of 11,850 (-2.7 per cent) since 2020. In the last 12 months, the decrease is 2,639 (-0.55 per cent).

In Los Gatos, a condo sold for $1.3 million is the most affordable property recently sold, against an average real estate price of $3.4 million.

Billy Joel has placed the main residence of his Long Island estate on the market for $29.9 million after deciding to sell the expansive property in pieces and slashing its total price tag.

Ellen DeGeneres has chosen to keep one of her few remaining U.S. properties, a Richard Neutra-designed home in Los Angeles, as she relocates to the U.K.

The property on Laurie Avenue in San Jose sold for $2,900,000, translating to $1,802 per square foot, reflecting a high-value real estate market.

The spacious property located in the 6500 block of Oakwood Drive in Oakland was sold on Feb. 24, 2025, for $1,600,000, translating to $567 per square foot.