The property buying process is taking significantly longer to reach exchange of contracts after an offer has been accepted as the stamp duty holiday nears its end….
Agents urge tapered end to stamp duty holiday
Estate agents have kept up the pressure on the Westminster government to consider some kind of tapered ending to the stamp duty holiday. Earlier this week a virtual debate amongst MPs showed a substantial number from both main parties advocating some sort of phased extension, purely for those buyers already part way through transactions. Now estate agents have voiced their …
Agents worried over new pared-back Help to Buy scheme
Industry concerned about going ‘cold turkey’ when new Help to Buy Equity scheme kicks off on April 1st next year. The government’s Help to Buy scheme has been pared back and will now only be available to first time buyers and include reduced house price caps outside London. This announcement will usher in a period of uncertainty for the housing …
Rightmove says demand is rocketing in every region of the UK
Data from Rightmove shows that demand is up 61 per cent compared to the same period last year – and the portal attributes much of this to the stamp duty holiday.
Picture of the week – Sleep well children…
Here we have a three bedroom terraced house in Wyndham Street East, Plymouth, on the market with a guide price of £108,000 through Bradleys and in need of some light restoration. The buyer will have a tough choice deciding which bits of the fine artworks should be retained. The skelton with umbrella beneath is clearly an ‘installation’, while the faux …
Stamp duty holiday producing more house moves says agency
The share of owners putting their homes on the market within five years of buying is rising again according to an analysis by Hamptons International. The agency, which used data from across the Countrywide group for its analysis, has told the Financial Times that one in five homes coming on the market in July 2019 had been purchased within the …
Lettings agents report ‘record-breaking month’ as demand and supply hit new highs for June
June was a record month for tenant demand and rental supply as the market got back to business, agents claim. The latest ARLA Propertymark Private Rented Sector report, based on a survey of 210 members, found there were 79 tenants registered on average per branch during June compared with 70 in May. The number of properties managed per branched reached …
Government considering changes to SDLT causes immediate and significant negative effect on the housing market
The governments announcment has thrown the housing market into chaos.
‘Property licence plates’ launched – agents should use them says Propertymark
Propertymark is calling in the government for agents to be trained in the use of software operating the Unique Property Reference Numbers system – similar to car licence plates. UPRN allows each address in the country to have a unique identifying number and can have ‘attached’ to that number the sort of activities and characteristics which agents need to know …
The great escape! Major agent reveals 48% surge in agreed sales as buyers leave London for more space
Savills has hailed a “remarkable recovery” in activity levels since the reopening of the property market in England on May 13th, with a surge in prime buyers looking to leave London for more space. The agent said agreed sales in the prime markets of England fell by 72% annually in April, but were up 48% compared with last year as …
- Page 1 of 2
- 1
- 2