One of the biggest house price increases in the UK
The isle has the largest house price increase across the UK, doubling from £142,273 to £301,510 since 2012. A rocketing increase in house prices across Ramsgate, Margate, and Broadstairs comes from “continued massive demand”, according to estate agents. Here’s why there is such demand for moving to the Thanet coastline: Travel Time from London Since […]
House prices fall for the first time in 2022
It’s the August summer holiday season, and the first year that many people have been able to head off on a sunny getaway without the travel restrictions that were put in place during the pandemic. So what has this got to do with house prices? Well, many home-movers tend to put off their moving plans […]
Distance to London is the most important factor for high property values in towns according to official data
A new official report by the Office for National Statistics, suggests that the number one factor for higher property prices in towns across England and Wales is the distance a home is from London. Followed by the type of jobs carried out by residents and the level of income deprivation in a town. The ONS said […]
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 […]