£60m fund to tackle second home problem
A new annual fund of £60 million has been set aside by the Government in order to assist almost 150 councils overcome the prominent issue of second home ownership within their communities.
Starter home supply set to build
The Government have stated that thousands of first-time buyer homes will be built this year
Conveyancing Market Round-up 2016
We hear from experts and gain their views on the last 12 months and the coming year ahead
Property sales predictions for 2017
The number of people buying homes is expected to fall in 2017, as landlords and owner occupiers are deterred in the wake of the tax changes and economic uncertainty, following the EU referendum result. The number of transactions is predicted to fall to 1.17 million according to the Council of Mortgage Lenders (CML), the lowest […]
£26k in property wealth for over-65s
Retired homeowners have earned an average of £26,000 from their houses this year, according to new research.
Christmas market homes jingle all the way
Christmas markets boost housing market, according to new research
Help to Buy helps 220,000 purchases
Recent Help to Buy statistics indicate that over 220,000 people have used the Government’s Help to Buy products to assist them in purchasing a home. These include the ISA, Equity Loan, London Help to Buy and Mortgage Guarantee, which is scheduled to close next year. Under the schemes, over 220,000 completions have been made in […]
HMRC November property transaction data
Presenting the monthly estimated of the figures for both residential and non-residential property transactions, HMRC property figures for November 2016 have recently been released. The publication, showing data for the UK and its constituent countries, is based on statistics from both HMRC’s Stamp Duty Land Tax (SDLT) and the Scottish Administration’s Land and Buildings Transactions […]
Record number of properties sold at less than asking price
Both demand for properties, and supply of available stock fell in November, as well as the number of sales agreed
UK housing stock value builds
According to new research, this year has seen a 7% rise in the total value of Britain’s 28.9 million homes, reaching a total of 8.17 trillion.
Upward movement in the market since September is a positive sign given the past twelve months of political uncertainty
Andy Sommerville, Director of Search Acumen, comments on today’s HMRC property transaction data
Housebuilder returns to buying land
Due to the strength of business following June’s referendum result, Bellway has begun purchasing land once more.
Remortgaging drives market activity
First-time buyer and remortgaging activity have both seen annual growth, at 13.1% and 24.6% respectively. Recent research indicates that the mortgage market is being propelled by remortgaging activity, an area which is outperforming all others. As people sought to remortgage, November saw a spike in market activity. In comparison with October, the valuations rose by 4.9% […]
Stamp duty impact on high-end homes
In the last six months following the second home stamp duty increase, the revenue accumulated from the tax has fallen by £500 million, according to recent research. The report from London Central Portfolio (LCP) analysed figures from the previous 12 months and summarised the key findings: Sales above £10 million fell by 75% – this […]
Housing supply still short, says RICS
The RICS Residential Market Survey for November indicated a small rise in enquiries from new buyers, for the third month in a row. Expectations in the short term indicate a moderate yet ongoing activity for the upcoming months. General activity As the majority of respondents observed an increase as opposed to a decrease, the RICS […]
House price inflation at 10-month low
November saw the annual rate of house price growth fall to a 10-month low of 4.4%. This is a dip of 0.2% in comparison with November 2015, where the rate was at 4.6%. House prices had however, moved up by 0.1% on a seasonally adjusted basis, in comparison with October. Since June of last year, […]
House prices along Crossrail route steam ahead
According to Lloyds Bank research, properties close to stations along London’s new Crossrail route have already seen a growth in prices of 22% over a two-year period. Although still rising, prices of homes in the surrounding areas did so at the reduced rate of 14%. The Elizabeth line will be operational in May of next […]
London sales down 50%
London sales transaction volumes now 50% lower than before the last crash; prices falls inevitable
Solicitor firms join forces to offer national equity release advice service
Following on from Key Retirement’s call for more conveyancing firms to provide specialist equity release services, six law firms have stepped into the ring to offer independent legal advice in this growth market. Midlands-based Martin Kaye Solicitors has joined forces with BPL, Shakespeare Martineau, Gordon Brown, Glanvilles and Cavendish Law to offer a nationwide equity […]
First time buyer sales highest on record
Recent figures show the level of sales to first time buyers (FTBs) was the highest since records began 16 years ago in 2000, according to the National Association of Estate Agents (NAEA) Housing Market report. 32% of all home sales were made to FTBs in October, a 9% growth from September. A high proportion of […]
