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 …
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 …
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 …
Reduction in high LTV products hits remortgage instruction levels
LMS, the conveyancing solutions provider, has today published its latest remortgage market update, now to be released every two weeks, tracking remortgage market performance through the COVID-19 crisis. In this update, the ‘final’ week of June refers to 22.06.2020 – 26.05.2020, the ‘first’ week of July refers to 29.06.2020 – 29.05.2020 and the ‘second’ week of July refers to 06.07.2020 …