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Sales of London new build homes drop sharply: From first-time buyers to investors, why is nobody buying?

Gathering dust: There are 4,629 homes completed but unsold, this is the highest level Molior has ever seen

Sales of new-build homes in London are dropping sharply, according to the latest figures from property consultancy Molior. A total of 5,606 new homes have been sold in the first six months of this year compared to 8,840 in the same period last year, a drop of nearly 37 per cent. In 2022, some 20,380 … Read more

First-time buyers eye cheaper tracker mortgages as fixed rates rise

Cheaper route: More first-time buyers are considering tracker mortgages in a bid to lower their monthly costs when buying

Almost a third of first-time buyers are considering using a tracker or variable rate mortgage to save money as the market fluctuates, data suggests.  In July, rates monitor Moneyfacts says 31.3 per cent of first-time buyers looking for mortgages using its comparison site were considering trackers and other variable deals, compared with just 9.5 per … Read more

Homes with a sea view cost up to £220,000 more as buyers prepared to splash out on coastal locations

Steep: Homes with a sea view in one area of Essex are listed for £655,479 on average, which is £220,000 more than other properties nearby that don't have one

Buyers hunting for a coastal home know they’ll need to pay over the odds to secure one of these in-demand properties. But add a sea view to the wish list and they can expect to hand over as much as £222,000 more for the pleasure in some coastal spots, new research reveals. Property portal Rightmove … Read more