Category: House Prices
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UK House Prices Set to Climb Faster than Inflation
UK house prices are expected to rise steadily over the next few years, beating inflation. But for renters – you might be facing some steep rent increases. And what does this all mean for first-time buyers trying to get a foot on the property ladder? Here’s the summary, from a survey of experts by Reuters:…
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Harrow House Prices Dip – But Don’t Expect Bargains!
Good news for buyers (sort of!) – Harrow house prices have dropped slightly. But before you get too excited, remember it’s still one of London’s priciest boroughs! Hold onto your hats, Harrow homeowners! Zoopla’s latest House Price Index (July 2024) reveals a 0.9% dip in average property values over the past year. That’s a drop…
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Location, Location, Mortgages! First-Time Buyers Reveal Their Top Regrets
New research reveals the biggest hurdles faced by first-time buyers and the advice they’d give to others taking the plunge. Buying your first home is a huge milestone, but new research reveals that many first-time buyers are left with regrets. A poll of 500 recent first-time buyers found that 82% wished they had done things…
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Airbnb Says it is Actually Making York a More Affordable Place to Live!
A new report commissioned by Airbnb and carried out by Ernst & Young suggests that Airbnb listings have boosted York’s economy to the tune of £44 million in 2023 alone, supporting over 685 jobs. This cash injection comes from tourists splashing out in local shops, restaurants, and on transport. That equates to a welcome £42…
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House Sales Taking 23% Longer and Costing More
Selling or buying a house? Get ready to wait! New data reveals that it now takes over a month longer to buy or sell a house compared to ten years ago. And to make matters worse, more sales are falling through, leaving frustrated buyers and sellers high and dry. Back in 2014, the average time…
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Short Lease Flats Going Cheap – But Are They a Bargain?
Savvy buyers are snapping up homes with short leases at bargain prices, but experts warn of hidden costs. Analysis by Open Property Group has revealed that flats with leases under 80 years are selling for an average of £36,000 less than similar properties. That’s a hefty 12% discount! But before you rush out to grab…
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House Hunters Back in Force but Price Wars Continue
Good news for sellers – buyer demand is on the rise again with more people registering with estate agents in July. But the bad news? The difference between what sellers want and buyers will pay is getting wider. Propertymark, the experts in all things housing, say their members saw an average of 71 new buyers…
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House Prices Set to Rise Despite “Painful” Budget, Says Expert
Experts predict house prices will climb by 3% this year, even with the upcoming budget expected to bring financial challenges. Despite Prime Minister Keir Starmer warning of a “painful” budget looming, property expert Tom Brill, head of UK residential research at Knight Frank, believes the housing market remains strong. While the Prime Minister has hinted…
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Grand Designs’ Kevin McCloud Reveals his Biggest Home Design Bugbear
After 25 years of watching people build their dream homes, McCloud is tired of seeing houses with more toilets than people! In a recent interview, he called the trend “absurd” and questioned why people are so obsessed with having multiple bathrooms for guests. And it seems he’s not alone. While many homeowners are adding extra…
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London Second Homes are Worth £6 BILLION!
Fancy a second home in Kensington and Chelsea? You’ll need deep pockets – properties here are worth a staggering £6 billion! New research has revealed that London’s poshest neighbourhoods boast the most expensive second homes in the UK. Estate agent Benham and Reeves found Kensington and Chelsea’s second home market is worth a cool £6…