Prices Of Flats Stay Unchanged For A Year, Says ONS

Millions of flat owners have seen no growth at all in the value of their homes over the past year, according to the Office for National Statistics (ONS). That is the first time that has happened in six years. The main reason is that a quarter of the UK's flats and maisonettes are in London, where prices are falling. Overall house prices rose by 3% in the year to May, the ONS said - the lowest increase since August 2013. The continuing slowdown in price growth was driven by a cooling market in the south and east of England. Read more on the BBC website.

https://www.bbc.com/news/business-44870498

71% Unsure Of Right To Buy Purchase Price

Affordability remains a key issue in moderating demand for Right to Buy, says a new report. 71% of respondents said they did not know what the purchase price of their property would be, while 21% said they had a rough idea. The report, commissioned by the National Housing Federation and five participating housing associations, was conducted by the Centre for Regional Economic and Social Research at Sheffield Hallam University during 2016. It found regional variance in levels of tenant demand and property valuations, reflecting the different local markets in which the pilot was operating. Download the report from the Housingnet website.

6% Of Households Make Application For Right To Buy

Affordability remains a key issue in moderating demand for Right to Buy, says a new report. 71% of respondents said they did not know what the purchase price of their property would be, while 21% said they had a rough idea. The report found there was a regional variance in levels of tenant demand and property valuations, reflecting the different local markets in which the pilot was operating. 27% of respondents living in properties eligible for VRTB overall expressed interest, rising to around a third of tenants in two of the pilots However, at the time of the most recent analysis (November 2016), just 6% of households in eligible properties had made an application. Read more on 24housing.