Tag: Globrix

Homes languish on the market for a year

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 […]

Londoners make large cuts in asking prices

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 […]

For sale for three months and more

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 […]