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 …
UK housing market set to exceed 1 million sales in 2020
UK housing market on track to exceed 1 million sales this year, the latest figures suggest.
Prices for ‘second-time-buyers’ at record high says Rightmove
The so-called ‘trade up gap’ for people buying for the second time has grown to a record £67,761 according to Rightmove…..
Boris Johnson told: You’ve kicked the rental sector in the teeth
A leading trade body has told Prime Minister Boris Johnson that some landlords face receiving no rent for two years. In a letter to Johnson, the National Residential Landlords Association accuses the government of expecting landlords to subsidise struggling renters and reward those who are wilfully refusing to pay their rent. It is also accused of causing continuing hardship to communities …
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.
Time to ensure that your buy-to-let investment is effectively protected?
From Mark Burns, the Managing Director of property investment company Pure Investor If you’re a buy-to-let investor or thinking of becoming one, then you may have very mixed feelings about the current state of the housing market. On the one hand, demand is clearly still very strong. On the other hand, investors may be wary of operating in a politically-charged …
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 …
House price growth rebounds in July as activity bounces back after lockdown
Annual house price growth recovers to 1.5% in July, according to latest Nationwide house price index, with prices up 1.7% on June. Annual house price growth recovered to 1.5% in July, according to the latest figures from Nationwide. Prices were up 1.7% month-on-month, after taking account of seasonal factors, reversing June’s fall of 1.6%. On a seasonally adjusted basis, house …
Stamp duty holiday fuels sustained vendor interest
Surging interest from vendors took new sales appraisal requests for estate agents to an all-time high of 227% above pre-covid levels in the past week as more and more people manoeuvred to take advantage of the government’s stamp duty holiday, the latest data from the Yomdel Property Sentiment Tracker (YPST) shows. Buyers stabilised at record levels some 79% above the …