EMVERTEX

The latest data from estate agents, haart, has revealed that during August house prices across England and Wales fell by 1.9% and by 3.1% on the year with the average price of a home now sitting at £223,834. According to the figures, new buyer demand for homes fell by 4.5% on the month but is up 13% annually. The number of properties coming onto the market fell by 1.5% but has risen by 11.1% on the year. In August there were over 11 buyers chasing every property across England and Wales. The market has become more efficient this month, as the number of transactions has risen by 10%, whilst the number of viewings has risen by 1.1% suggesting that buyers looked at fewer properties before choosing to buy. The average purchase price for first-time buyers has risen by 2.9% on the month and by 9% on the year. This comes as the number of first-time buyers registering onto the market has increased by 2.8% on the month and by 25.5% on the year. The average amount first-time bu...