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 …
Everyone wins with a 24 hour property sale.
Chattel House were instructed to sell this fantastic two bedroom ground floor apartment by the owner last week. We valued, marketed and sourced a cash buyer within 24 hours who offered the full asking price to buy the property leaving the present tenant in situ. Ben Jones from Chattel House said “The buyers realised that it was sensible to buy …
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…..
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 …
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 …