Property news: Positive thoughts on property prices
Households positive on prices despite June fall
Most people think the value of their home fell again in June but they are becoming more upbeat about the future, according to Knight Frank/Markit.
Twice as many households perceived a fall in their house price (15 per cent) as felt an increase (7.6 per cent), leaving the firms’ latest House Price Sentiment Index unchanged from May at 46.3. Read more on this story
Rightmove Overseas reports a rise in interest in Indian property, Spain still top
Spain is still the most searched for country among overseas property buyers, accounting for a quarter of all searches, according to the latest report from Rightmove Overseas.
In May some 0.61% of locations saw an increase in searches, 49.34% of locations saw a decrease in searches and 0.06% no change.
Searches for properties in India increased as non-resident Indians looked for a bargain back home and there was also a notable rise in interest in Buglaria. Read more on this story
Beach hut property near Bournemouth sells for £170,000
A 5.6 by 3.2 metre timber cabin on the south coast of England may have become the UK’s most expensive beach hut after fetching £170,000 after just two days on the market.
The hut on the Mudeford Sand Spit near Bournemouth was rebuilt 10 years ago and boasts a fully fitted kitchen and sleeping accommodation, which the new owners can use for overnight stays at any time between March and October. There is running water and there are solar panels for lighting, however, there is no toilet – anyone caught short will have to make their way to a residents’ block nearby. Read more on this story