The Royal Institution of Chartered Surveyors (RICS) says that indicators for supply and demand fell again, as almost half of respondents to its latest survey cited political uncertainty caused by Brexit as impacting the UK housing market.
Parents are now effectively a mortgage lender with a £5.7 billion loan book in 2018, according to financial services group Legal & General (L&G).
More than a quarter (27 per cent) of home buyers have received help from the ‘Bank of Mum and Dad’ so far this year. When looking specifically at under 35s, nearly three in five (59 per cent) have received support from parents to get on the property ladder.
Almost half of homeowners whose children have moved out are not planning to downsize because they like their house and the area they live.
An online property platform is offering people the chance to invest in residential property through a sipp.
The housing market is clouded by political uncertainty, but demand outstripping supply will support prices, argues Alex Garrett.
Some experts predicted a crash in the housing market following the EU referendum. But those fears are yet to materialise.
We run through how house prices up and down the UK are faring against a backdrop of political uncertainty.
House prices in the UK continue their upward trajectory, rising by 7.2% over the year to December 2016, with the average house costing £219,544.
Almost a third of houses on the market today have been reduced in price since they were first listed, with Brexit-related uncertainty being cited as a reason.
Homeowners in England and Wales believe their properties are worth more than the market price, overestimating the asking price by 6.8 per cent on average.