Amount of Sellers Reducing the Price of their Home Increases
The leaves are falling around the U.K. and so are property prices according to new research from zoopla a property website. Around 30% of homes have seen sellers reduce their asking prices, with an average reduction of £26,000. Do the slowing property prices really indicate a declining housing market? The U.K. market has seemingly been […]
Have Landlords Caused the Recent Property Price Slump
We typically see a Autumn bounce and a slight uplift in transactions at this time of year but new data released from Rightmove shows that house prices in the last month have increased by less than 1%, whereby there has historically been a 1.6% rise during this month for the past 5 years. Many people […]
Do Landlords Have to be GDPR Compliant
In May 2018 the GDPR regulation became the successor of the 1995 Data Protection Directive, enhancing control and privacy protection over personal data for tenants and landlords. Enhancing tenants’ rights under the GDPR regulation, ensures greater control on the information shared proceeding and following a tenancy agreement. Therefore, as a legal responsibility all landlords must […]
More First Time Buyer Transactions than Existing Homeowners
The proof is in the numbers that the stamp duty tax is wreaking havoc on the property market. For the first time in 20 years, there are more first time buyers than those who already own a home. There were 170,000 people who moved house during the first half of 2018, this figure is down […]
Is this the End of Rising House Prices?
UK property prices have hit their lowest slump in five years according to the Office of National Statistics. The overall decline is driven by falling property prices in London where there has been four consecutive months of declining prices. London prices continue to drag down growth with a 0.4% decline from May 2017 to May […]
More Evidence that First Time Buyers Can’t Afford to Live in London
Rather than spending their money on high rent prices or asking the bank of mum and dad for a loan, young people are spending their money on flights out of London. According to London Stalling Report, Resolution Foundation report, more than 35,000 people in their early 30s have left London since 2009. The evidence suggest […]
More English Landlords are Choosing to Buy Property in Scotland
The UK Residential Market Survey from March 2018 released by The Royal Institute of Chartered Surveyors (RICS) revealed that there was a drop in new buyer enquiries and the average selling prices are stagnate. However, numbers don’t always tell the full story. The Scottish market is telling a different narrative than the one being told […]
House Prices Rise and More Homes are for Sale
Recent reports from Rightmove show that sellers might not be in control of the political uncertainty and economic instability but they are in control of asking prices. This month has seen a rise of 0.8% in February, a modest rise. It is smart selling to keep asking prices realistic when considering the stretched buyer affordability. […]
London Home Owners are not Rushing to Sell Quickly
When purchasing property, people often think about two things: location and return on investment. It is hard to imagine a location better than London for return on investment, but Rightmove Confirms that the London property market is struggling. Similarly Direct House Buyer has reported that the bubble has probably burst or at least reached its’s […]
Higher Inflation has Caused House Prices to Decline
For the first time since the Brexit vote, house prices continue to deflate for a second month in a row as property prices dropped by 0.6% in January, after a 0.8% drop in December. However, year on year prices are still up in 2018 with the average price at £223,285, 1.9% higher than January 2017’s […]
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