More House Buyers are Using Cash
One of the primary complaints about the UK housing market is the fact that it has isolated first-time buyers from the market. With prices continuously climbing due to low supply and high demand together with relatively low wages, first-time buyers can’t pay for rent and save enough for a deposit. The broken housing market needed […]
House Prices Fall in First Quarter of 2017
The steady rise in housing prices in the UK has become part of the norm. However, all things in life are temporary and we are starting to see the housing price trends take a downward turn. Halifax reported a 3.8% increase in property prices from April 2016 to April 2017, making the average price of […]
Will The Property Market Slow Down due to the Snap Election?
Prime Minister Theresa May has called for a General Election for 8th June. The polls strongly favour that it will be a Tory landslide but recent votes such as the Brexit referendum show us that polls are not always a reflection of the actual results and uncertainty is an enemy to any market – but […]
Where in the UK Can You Achieve the Quickest Sale?
The large town of Northampton, located conveniently between London and Birmingham is revealed as the property markets biggest hotspot with the average sale time being just 27 days, according to Zoopla. With a convenient location and a relatively low median house price at £245,288, Northampton is selling properties 19 days faster than London markets on […]
Buyers are Unwilling to Pay Overpriced House Prices
In a property market like the U.K. where demand frequently soars higher than supply, it’s assumed to be a seller’s market, however, recent data is showing that buyers might be taking control. We previously reported that sellers were being too optimistic with the price they advertise their home for, it now appears that buyers are […]
Is Leasing your Property Portfolio to a Company a New Tax Loophole
It’s currently the hottest topic amongst landlords, how to legally re-structure the way your property portfolio is managed so that you aren’t affected by the new Section 24 tax legislation. Previously, landlords have been used to paying tax on just the profit portion of their rental income and any mortgage was a tax deductible expense. […]
Will Landlords Stop Buying Buy to Let Property
Buy to Let property Investors have been able to claim full tax relief on their investments mortgage interest payments up until now, but in the 2015 budget a tax change was announced by George Osborne, which would remove the ability for landlords to deduct their mortgage payment from their rental properties income before calculating their […]
The Housing Market could be Easier for First Time Buyers in 2017
With house prices surging and incomes stagnant, first-time buyers have been being pushed out of the property market for several years. The typical first-time buyer in the UK is now aged 30. First-time buyers have found it difficult to enter the market following the financial crisis but recent data is showing that this year could […]
London’s Largest Estate Agent see’s House sales Decline
Has exiting Europe and new higher stamp duty caused a housing decline around the UK? Foxtons, who are London’s most renowned estate agent, have said that the housing market has been significantly affected by the events of last year. This is particularly apparent for the most expensive areas of the London property market. Foxtons has […]
Highest Average House Price but Growth Rate Slows
The Halifax House Price Index reported that house prices are a record high at £218,002, up £13,448 from January. The 6% annual growth shows that house prices are still increasing, but momentum is slowing. Annual growth has steadily declined by about 1% every other month since its height of 10% growth in March. November has […]