Ramsgate rated No1 in major review of “next property hotspots”

Thanet continues to top the charts for homebuyers relocating from London and other cities, with Ramsgate leading that charge after yet another major endorsement. This came from The Metro newspaper, in a review of “Regenerated towns set to be next property hotspots for commuters”. A report by global real estate company, CBRE, also suggested recently […]

What is in store for UK house price growth in 2022?

Due to a higher borrowing cost, national growth is forecast to from from 10% to 3-5%. As borrowing costs rise and household budgets come under rising strain, property experts predict the UK’s housing market to slow dramatically. The stamp duty holidays drove a year of booming prices across the UK as well as changes in […]

The average UK home could cost over £323k by 2031

The average house price in the UK is now at an all-time high of £248,496, according to Nationwide’s latest house price index. After the slight decline in July, house prices increased by 11%. What is in store for house prices in the next decade? The new data predicts house prices could surge by as much […]

House prices fall for the first time this year

Rightmove data shows house prices have fallen for the first time this year, falling by 0.3% the average property price is now £337,371. It was no coincidence that the fall came after the ending of the stamp duty holiday which subsequently led to a fall in demand for bigger homes. “Average prices have only fallen […]

A month on from stamp duty holiday withdrawals

According to Nationwide, the ending of the stamp duty holiday has calmed the UK housing market. Compared with the highest house prices in 17 years in June, the building society said they dropped slightly in July. A typical home cost £244,299 in July, which is still 10.5% higher than a year ago. Breaks for stamp […]

How will changes to stamp duty change the housing market?

The coronavirus pandemic led to a booming housing market; many homeowners fled cities to seek homes with more green space. This month the stamp duty holiday has been scaled back, how will this affect the market? In May 2021, data from the Office for National Statistics put the average price of a property at £254,624, […]

What will happen to the housing market when the stamp duty holiday ends?

The stamp duty holiday initially set to end in March 2021 will end at the end of June. The stamp duty holiday has led to property deals booming and house prices rising. Experts say house prices are set to rise at the end of the month when the stamp duty holiday is over. Last month […]

UK property market sees its fastest annual growth rate in 14 years

Despite the pandemic, UK house prices are increasing at their fastest rate in over a decade; the property market is on course for its busiest year since 2007 as many buyers look for more space. Property portal Zoopla’s data shows that the property market has defied all expectations over the past year, displaying a double-digit […]

UK house prices set to continue to rise beyond the stamp duty holiday

Nationwide Building Society predicts house prices to continue to rise this year beyond the stamp duty holiday, which could make it harder for first-time buyers to get on the property ladder. The strength of the housing market throughout the Covid crisis has been surprising to everyone. The Office for National Statistics published figures this week […]