UK Property Prices Fall by 1.9%
Property prices soared by 8.5% in 2020. Yet between March and April 2021 prices fell by 1.9%. This equates to a £5k drop in the average UK property price. The recent month on month fall in price shows signs of the property market beginning to lose momentum. What caused prices to drop? As the […]
Stamp Duty Holiday Ending June 2021
In Rishi Sunak’s 2021 budget update, one of the key announcements was the extension of the stamp duty tax holiday. This allows property buyers to benefit from 0% stamp duty on sales up to £500K until the end of June. The aim being to gradually transition back to the standard stamp duty rates by October […]
Is London’s residential property market still a good investment?
The covid-19 pandemic has made a huge impact on London’s residential property market. Many local agents are estimating a slowdown in demand from first time buyers and home-movers once the stamp duty holiday ends in March. Reduced demand is likely to result in a slight reduction in asking prices. This presents a great opportunity for residential […]
Property Outlook for 2021
Despite the challenges of covid-19 lockdown rules and it’s significant impact on how the uk property market operates, property prices have seen a gradual rise during 2020. Is this likely to continue throughout 2021? Many experts believe that property prices may slow down in 2021 for the following reasons: The Government’s furlough scheme is set to […]
UK House Prices Rising
Mortgage Lender Halifax says the average UK house price rose by 7.5% in October 2020 compared to October last year. The Office of National Statistics (ONS) has stated that the average house price in the UK has now exceeded £250k. What’s fuelling the rise in house prices? The stamp duty holiday which is […]
Are London Property Prices Falling?
It is no secret that the world economy is in a shambles. Besides air travel and tourism, the real estate industry is one of the hardest-hit segments. Real estate prices had dropped the world over during the first quarter of this year. It was no different in London, and there were forecasts of a fall […]
Stamp Duty Holiday in UK
Recently, the chancellor announced a temporary holiday on stamp duty which could have a positive financial effect on all of us here in England and Northern Ireland. What is the new stamp duty holiday, what does it cover and what is it all about? We are going to answer all of those questions and more […]
Is It A Buyer’s Market?
In the growing UK real estate market, a buyer’s market happens when supply exceeds the demand. It means, there are more houses being sold than the number of people looking for homes. There are indications that a buyer’s market is happening now in the UK and first time home buyers and real estate investors should […]