Holiday homes on the up
Price drops for prime properties in Scotland have begun to ease and are set to drop by just three per cent this year, according to agent Knight Frank. It says despite the new Stamp Duty threshold and poor lending conditions for Scottish house hunters, overseas buyers are preventing its prime market from experiencing significant price drops.
France's property market has weathered the euro crisis well, with the key holiday home markets popular with Brits experiencing rising prices, according to official figures. Prices in Nice and the Cote d'Azur have risen by 4 per cent and 8 per cent respectively while Paris property values have risen by up to 6.2 per cent.
Half of all people buying property are looking to downsize while just a fifth are trading up, according to research by lender Lloyds TSB. Its survey reveals how much of the UK property market is driven by retirees at the moment; some 60 per cent of these downsizers are aged over 55 years old.
After six years of plummeting prices the US property market is showing signs of recovery and experts are hoping this augers well for own. House prices in the US rose by nearly ten percent over the past year, while the number of homes sold increased by nearly eight percent and houses have been selling more quickly too, according to the National Association of Realtors.
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Rural house prices have outperformed those in cities and towns since 2007, according to latest research from the Halifax. With an average price of £201,191, properties in rural areas like those depicted in ITV's Emmerdale are now worth 17 per cent more than their Eastenders urban equivalent (£171,709).
London's top-end homes by value rose in price during September at their fastest rate in three months, says estate agent Knight Frank. According to its Prime Central London Index the price of the capital's most expensive properties has risen by an average of 0.7 per cent since August. The hottest areas were, it says, Knightbridge, Hyde Park and Marylebone.
If you're keen to get on the property ladder but don't mind where you live then move to over the border in Scotland. Britain's ten most affordable places to buy a home all have Scots addresses, research has revealed. The Bank of Scotland survey found that East Ayrshire is the cheapest place to own a home, followed by West Dunbartonshire and North Ayrshire.
One in four 18 to 30-years-olds recently told a YouGov survey that Britain's shortage of affordable homes has led them to delay having children. And 25 per cent of 31 to 44-year-olds are still waiting to have children as the pressures of buying an affordable home bear down on their family plans, which is a 63 per cent increase on the last survey in 2009.
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