Brexit Deadline Catalysts for a Buying Spree in the Housing Market

The summer market showed to be an active time for buyers undeterred by the impending Brexit deadline, Rightmove data has revealed.

The number of sales agreed are up by 6.1% compared with the same month a year ago, making up for the leisurely start to the year, with buyers encouraged into action by improved affordability and better chances for securing a deal.

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Boris Johnson and the Housing Market: Potential Stamp Duty Shake Up

New Prime Minister Boris Johnson has suggested drastically raising the threshold for paying stamp duty from its current level of £125,000 to £500,000. He was quoted as having told a conference of Tory MPs in London that “I believe that, in this fantastic capital city of Europe and of the world, stamp duty is choking the market at the moment. We need to think about the way it is working and to see what we can do to free it up and give more people the chance of home ownership.

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£54,000 Average Income Required to Get on the Housing Ladder

First-time buyers wanting to get on the property ladder in major cities in parts of the UK need an average household income of £54,000, according to recent data collected by Zoopla. The average household income required to buy a typical home in the UK has risen by 9% since 2016 of which has been largely due to higher house prices.

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Sash window restoration for developers

Sash Window Restoration for Developers

Sensitively restoring an historic building as part of your development project can be an exciting and rewarding process, however, the works involved can have many challenges, not least sash window restoration.

Often historic buildings can have had years of neglect that have resulted in decay and deterioration to the fabric of the building and, therefore, provide plenty of hidden surprises as construction progresses.  A common issue is sash window restoration, an exercise that requires specialist skills and a sympathy for maintaining their period charm. Continue reading “Sash Window Restoration for Developers”

Property Developers Registering for Help to Buy

Property Developers Registering for Help to Buy

Property developers registering for Help to Buy is proving an important marketing tool with over one million people being reported as having used this government initiative to buy a new home.

What is Help to Buy?

There are three Help to Buy schemes, namely; Help to Buy ISA which provides first-time buyers with £50 for every £200 saved and a maximum bonus on a property completion of £3,000; Help to Buy Equity Loan where 20% of the cost of a new home is provided by the scheme with the buyer having to put in a minimum of just 5% and London Help to Buy that provides an equity loan of up to 40% with buyers putting in 5%. Continue reading “Property Developers Registering for Help to Buy”

Asking Price Jump by 1.5%

The strong appetite from home movers continues as we progress further into 2018, this is according to the latest Rightmove House Price Index. They report that the asking price of newly marketed property has jumped 1.5% in March (+£4,503) following strong demand in the first two months of the year. First-time and second-stepper sectors hit all-time price highs of £189,840 and £272,031 and overall average prices also hit new record in four out of eleven regions. Continue reading “Asking Price Jump by 1.5%”

Record Visitors to Rightmove in January

The latest report from Rightmove has some encouraging news with announcement of their highest ever monthly visitors reaching 141 million in January and these visitors spent some 1.1 billion minutes on the site.  The price of property coming to the market was up by an average of 0.8% (+£2,414) with all regions also showing price rises, except for a marginal fall of £131 in the South West. The Midlands dominates fast selling hotspots with prices rising three times faster than the national average. Continue reading “Record Visitors to Rightmove in January”