Housing market

  1. Cumbria house prices mostly lag behind national increase

    New Government figures show that house prices in Cumbria are not increasing in line with the national average, with three of the county's six districts seeing prices fall year on year.

    The figures, from Land Registry returns, show that in September, across England the average house price rose by almost 5%compared to 12 months before.

    House sold sign

    In the county, only South Lakeland was comparable, and has Cumbria's highest average price of just over a £250,000.

    In Barrow borough homes were up 2.4% but from the lowest average price in Cumbria, Carlisle had a smaller rise, Copeland saw a marginal fall, and Allerdale was down 1%.

    The biggest drop was Eden, where average prices fell by 1.3% year on year.

  2. 'More money spent on £10m-plus properties this year than in 2019'

    More money has been spent on London's "super prime" market this year so far than during the same period in 2019, despite the coronavirus lockdown, analysis has found.

    Estate Agents Knight Frank looked at sales of homes for £10m-plus. It found that between January and August 2020, £1.13bn was spent on super prime property in the capital, compared with £977.5 million recorded during the same time period last year.

    There were 30 transactions above £10m in the first three months of 2020 compared with 18 in 2019.

    Despite a sales dip in the second quarter of the year, as tight coronavirus restrictions affected the housing market, there was still a total of 56 super prime deals throughout the first eight months of this year - only one less than the 57 recorded during the same period last year.

    With restrictions placed on overseas travel, around 40% of super prime exchanges in the first eight months of 2020 have involved British buyers - the highest proportion seen over the past decade.

    Kensington accounted for the highest proportion of London super prime deals in the year to August.

    During the same period in 2019 Mayfair had the most super prime transactions.

  3. Video content

    Video caption: Conservative conference: Johnson on 'broken' housing market

    Boris Johnson pledges to help young people get a “long-term fixed-rate mortgage” worth up to 95% of the home’s value.

  4. Video content

    Video caption: First-time buyers: 'Mortgages are so inaccessible now'

    As lenders ask for higher deposits, first-time buyers say how difficult it is to get a mortgage now.