Could Coronavirus benefit the property market? With worldwide cases of coronavirus now surpassing 90,000 and government officials drawing attention to the threat of up to 1/5 of UK workforce being off sick at the same time during the peak of the coronavirus The effects and urgency of the epidemic are ripe. The detrimental effects of […]
Category: Property News
Property forecast: First-time buyers to drive property sales over the next five years
London first-time buyers What has been the quietest group in the housing market, will now be its biggest driving force spanning over the next five years. This comes despite the massive housing price gap, which is the biggest its ever been between London and the rest of the UK. The sales per year of these […]
New sales figures suggest that house buyers are returning to the property market
What is the UK property market doing? The amount of new builds has dropped close to half of what was being built pre-Brexit. It’s been obvious to see that the uncertainty surrounding Brexit has been holding back many private property developers from starting with their residential development plans and projects. This has seen the amount […]
Labour’s pledge of 100,000 new houses a year will have a big impact on the property market
Labour to help create more homeowners The agenda is to borrow £75bn, which will be used to build new, affordable homes that will appeal to renters and first-time buyers in the private renting sector and instead encourage them to become homeowners. Elizabeth Reynolds, 27, is experiencing the same exact problem as millions of other Londoners; […]
First time buyers: low interest rates suggest now is the perfect time to invest
Interest rates on first-time buyers mortgages have fallen Now just might be the perfect time for first-time buyers to enter the property market. Thanks to the availability of low-cost mortgages and steady housing prices. Research by the Bank of England shows that as of June 2019, 10-year fixed mortgage rates were at their second-lowest since […]
UK House Market Prices Continue to Grow Despite Brexit Uncertainty
UK housing market The UK housing market has seen an average increase of 1.4% for house prices over the twelve months leading to April 2019 according to the latest published figures, putting the average cost of a house in the UK at £228, 903. View price predictions for 2019. However, the report published by the […]
Increased Demand from Buyers and Sellers Boosts Property Market
A property report by NAEA Propertymark indicates a growing demand in the property market for both buyers and sellers once more A 16% rise in property hunters registered per estate agent branch was reported with 307 new house hunters registered compared to 265 previously. This is the highest number registered since September 2018 which saw […]
Strong Performance from Mortgage Market Continues
The mortgage market has continued to grow in May following an impressive performance in April. Mortgage approvals have shown no signs of slowing down for 2019 despite initial Brexit property fears. According to the latest figures from charted surveyors e.surv, approved residential mortgages reached 65,801 in May, an impressive 1.2% increase compared to May 2018. […]
Highest Level of House Sales in April Since October
Latest data published by the National Association of Estate Agents (NAEA) show that the number of sales agreed in April have reached their highest level since October 2018. Further statistics indicate that first-time buyers are continuing to grow in the property market as 2019 continues. Estate agents have continued to see property buyers and sellers […]
UK Property Remains a Good Long-Term Investment
Why Buying UK Property Remains a Good Long-Term Investment Many potential house buyers and sellers have adopted a wait and see policy on Brexit before they make their move one way or the other. With fears of a house price crash, buyers are hesitant to buy now while sellers are worried the value of their […]