Banbury Investment Property Market Forecast As 2024 draws to a close, Banbury’s investment property market is showing signs of strong potential for property investors. Located in North Oxfordshire, Banbury has transformed over the past decade from a quiet market town to an attractive location with affordable housing, good transport links, and a growing economy. For investors, Banbury presents an appealing …
Property industry reacts to surge in UK home sales
Residential transactions in July 2022 totalled 110,970, 32.9% higher than July last year and 7.2% higher than June 2022, according to data from the Office for National Statistics. This increase comes against a backdrop of economic uncertainty and soaring inflation, but the figures should be treated with caution, given that the stamp duty holiday threshold was reduced on 1 July …
New supply ‘will start to rise’ as housing market activity hits 14-year high
The number of homes changing hands by the end of this year is expected to hit the highest level since 2007, according to Zoopla. By the end of 2021, one in 16 homes will have been sold, making it the busiest property market for 14 years. The elevated demand in the market is also boosting the rate of annual house …
Sunak urged to scrap stamp duty altogether
The chancellor Rishi Sunak is once again being urged to abolish stamp duty and replace it with a new levy.
SDLT is not a problem for first time buyers as holiday ends
Some 80 per cent of the property market will remain free of stamp duty for first-time buyers, even after the current holiday extension finally ends.
Delays increase pressure as stamp duty deadline nears
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 …
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.