House price growth rebounds in July as activity bounces back after lockdown

Market Report, Property, Property sales, Sales

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 changes and Furlough Bonus scheme announced by Sunak

Buy to Let, Investment Sales, Market Report, Property, Property sales, Sales, Tax

Chancellor of the Exchequer Rishi Sunak has announced that there will be no stamp duty on homes selling for £500,000 or less; this temporary holiday will last until the end of March 2021. The threshold for ‘no stamp duty’ therefore rises with immediate effect from £125,000 to £500,000. The Chancellor claims that this means nine out of 10 main homes …

The great escape! Major agent reveals 48% surge in agreed sales as buyers leave London for more space

Estate Agents, Market Report, Property, Property sales, Sales

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 …