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 […]
Major uplift in investment and value for beachfront developments
In our latest 2021 report we assessed which seaside locations rated highest for moving outside of London or buying a second home. The report also considered the quality of the properties available with uninterrupted sea views, beaches, and air quality as well as how easy it is to get into and out of London. We […]
Prices continue to rise in the UK housing market
The latest Nationwide research shows UK house prices rose by 7.1% compared with a year ago, with the average property price rising by £15,916 in the last year, to reach £238,831. Lockdown savings have allowed first-time buyers to be in a better place to afford a home; however, as demand continues to outweigh supply, house […]
COVID-19’s impact on where people want to live
Britain’s latest lockdown has simply accelerated housing trends seen in the first one, headed by a desire to escape cities and towns and relocate to the coast, according to latest research from Property Market-Index.com. The index, which tracks key aspects of the home buyers’ market, said the appeal of more indoor and outdoor space after […]
House prices in London fall as many look to move away from the city
Figures from Nationwide show that the north-south divide on house prices has flipped on its head, and London is the UK’s worst-performing region. With many now realising they can spend a large majority of their week working from home, there has been a surge in numbers of people who have or are looking to move […]
Stamp Duty Holiday Extension Confirmed
Rishi Sunak announced in his budget that the stamp duty holiday would be extended until the end of June 2021. Since July 2020, property purchase tax has been suspended on the first £500,000 of all sales in England and Northern Ireland. After June the nil rate band will be set at £250,000 until the end […]
Rishi Sunak considers an extension to the Stamp Duty Holiday
To avoid home buyers being caught in a “completion trap” the Chancellor is considering a six-week extension to the stamp duty holiday. If the stamp duty holiday ends when it is due to, there is a risk that there will be a lot of people caught in a completion trap. The Chancellor is said to […]
Selling a property in 2021
Although the COVID-19 pandemic has caused much devastation and left many businesses struggling, the UK housing market surprised us with its mini property market boom. Many buyers are in a rush to move house before the end of the stamp duty holiday on 31st March. There are predictions that this boom could die down, however […]
Petition to extend the stamp duty holiday has now been signed by over 73,000 people
Many buyers who have started the buying process but not yet completed it are in hope for an extension to the stamp duty holiday. A recent survey of existing homebuyers shows that almost half were worried they might miss the current deadline, leading to 67% of respondents wanting to see the stamp duty holiday extended. […]