HOME BUYERS SHRUG OFF RECESSION FEARS AS TIME TO SELL FALLS BY TWO WEEKS: ZOOPLA

House prices are set to hold firm for the remainder of the year – despite the onset of recession and rising unemployment, according to the latest Zoopla house price index. Zoopla says demand continues to run ahead of supply, sustaining annual house price growth of 2.5%, and expects market conditions to remain stronger than last year for the rest of…

HOUSING SALES RISE 38% TO RECORD HIGH: RIGHTMOVE

The number of agreed sales is up by 38% on the prior year, and a massive 20% higher than the previous record……! Rightmove’s latest house price index shows that the number of monthly sales agreed this month is the highest ever measured since it started tracking the data ten years ago. The data shows that home movers have put more…

HOW HAS WORKING FROM HOME IMPACTED THE PROPERTY MARKET?

With an estimated 34% of people being told they will continue to work solely from home due to Covid-19 and a further 22% continuing to split work between home and the office, new research examines how this is affecting the property market. The Guild of Property Professionals recently conducted a consumer survey, interviewing respondents on how their new working situation…

LATEST INSIGHT ON THE UK RENTAL MARKET BASED ON ZOOPLA’S RENTAL INDEX…

Zoopla’s quarterly Rental Market Report is based on their analysis of hundreds of rental data points across the UK. Now in its fourth edition, the report gives an industry-leading view of rental market performance. In this quarter’s report, they reveal their latest research on: – Rental change in the year to June, and the outlook for the rest of 2020…

UNEXPECTED SURGE IN HOUSE PRICES SEES NEW RECORD SET!

The latest figures released from Rightmove have revealed that the average asking price of property coming to market in Britain has hit a record high of 2.4% (+£7,640) higher than in March pre-lockdown. Rightmove found that following lockdown restrictions easing across the UK, properties are coming to market at a new record average asking price due to an unexpected mini…

46% OF THE NATION CAN NOW MOVE HOME STAMP-DUTY FREE!

The recent changes to stamp-duty were welcomed by everyone in the property industry as a much-needed step in the right direction to help the property market kick back into gear following lockdown. And for many potential home movers, this change in rules translated into cash savings at a time when it was most needed. Newly released figures from ‘Just Move…

The latest figures released from Rightmove

The latest figures released from Rightmove have revealed that the average asking price of property coming to market in Britain has hit a record high of 2.4% (+£7,640) higher than in March pre-lockdown. Rightmove found that following lockdown restrictions easing across the UK, properties are coming to market at a new record average asking price due to an unexpected mini…

NEW STAMP DUTY RULES SEE SPIKE IN EXPAT BTL ENQUIRIES….

The recently announced stamp duty holiday has seen an influx of UK expatriates and foreign nationals enquiring on buy-to-let investments. According to newly released data from buy-to-let lender, Skipton International, in the seven days following the announcement the lender saw a 61% rise in usage of its online mortgage calculator for UK buy-to-let mortgages estimates. Jim Coupe; Managing Director of…