Housing market

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Landlord laws 'fuelling black market'

Criminal gangs are selling fake documents to illegal immigrants trying to rent in London.
How criminal gangs are selling fake documents to illegal immigrants trying to rent in London.

Legislation aimed at preventing illegal immigrants from renting properties is fuelling a black market in forged IDs, a BBC Inside Out London investigation has found.

Have you been losing £24 a day?

Francesca Williams

BBC News

According to the property website Zoopla you have...

And not down the back of the sofa.

The average property's value has dropped £2,188 in three months, it says.

Lawrence Hall, from the company, says this is "potentially good news for first-time buyers".

Property owners might be less pleased to hear the average property in the North East is now worth £186,765, down £1,341 since the beginning of July.

Aerial shot of rows of houses
PA

Alnwick in Northumberland and Houghton-le-Spring in County Durham are among the towns with the steepest drop.

Alnwick prices have dipped by £5,119 to £234,365 and Houghton-le-Spring's have dropped £2,678 to £139,128.

House prices higher in Kent, but lower elsewhere

Lizzie Massey

BBC Live reporter

House prices in more than 80% of Kent are higher, in real terms, than they were a decade ago, the BBC has discovered.

Research shows that in one part of Tunbridge Wells prices doubled. Meanwhile in Sussex, houses in the Preston Park area of Brighton increased by 35%.

This comes in stark contrast to the figures for all of England and Wales, which show that house prices had fallen in real terms in more than 50% of neighbourhoods.

South West house price fall revealed in study

BBC News England

Map showing average house prices in the South West of England.
BBC
The map shows average house prices in the south-west of England. Orange = price increase, blue = a decrease

Exclusive house price figures from the BBC reveal sale prices are now lower in real terms than they were 10 years ago in two-thirds of the South West.

Using figures from the Land Registry, the BBC and Open Data Institute found that while the actual sale price has risen in nine out of 10 areas, if inflation is taken into account then "real terms" prices have actually decreased in about seven out of 10 council wards since 2007.