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News Tag: Globrix

December 30, 2008

Homes languish on the market for a year

by Gill Montia
Homes languish on the market for a year
The extent of the stagnation in the UK property market has been revealed by research from Globrix. The property search engine found that across the UK, 5% of homes for sale first appeared on the market at the beginning of this year. In certain areas, one in four properties for sale have remained on the market throughout the whole of 2008. Towns ...




November 27, 2008

Londoners make large cuts in asking prices

by Gill Montia
Londoners make large cuts in asking prices
In the past fortnight homeowners in London have begun to drastically reduce asking prices to secure a sale. Research from property search engine, Globrix, has revealed that those anxious to find a purchaser before Christmas are prepared to knock over £100,000 off the price of their homes. In the capital's two most expensive boroughs, Westminster and Kensington & Chelsea, the average price ...




September 5, 2008

For sale for three months and more

by Gill Montia
For sale for three months and more
Property search engine, Globrix, has reported that the majority of homes for sale in the UK have now been on the market for over 90 days. The company's research has revealed that the proportion of properties unsold after 90 days has risen from 25% at the beginning of the year, to 53% in August. The trend is likely to continue as ...