Tag: Chestertons
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London’s Rental Market Springs Into Action, Yet Rent Hikes Loom Ahead
As the flowers bloom and trees begin to bud, London’s rental market is experiencing its own kind of spring renewal. According to leading estate agent Chestertons, there was a noticeable 10% increase in tenants signing rental agreements in March compared to February. This increase follows a strategic move by landlords to lower rents in February,…
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London’s Housing Market Bounces Back
London’s housing market has emerged as the front-runner in property price increases across the south of England. This shift marks a dramatic change from the pandemic-induced “race for space” that saw city dwellers fleeing for more room in the suburbs and countryside. Recent data from the mortgage lender Nationwide highlights a robust recovery in London’s…
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London Home Hunters Snag Deals as Sellers Slash Prices
London sellers are cutting asking prices by an eye-catching £19,500 on average to clinch sales. Zoopla’s recent analysis has revealed that to secure a sale, London property sellers are resorting to significant price reductions, with homes going for an average of 4.6% less than the initial asking price in March. This reduction marks a slight…
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London Housing Market – Prices Climb in the Capital!
The London housing market has shown a robust increase, with some areas witnessing a 5.6 percent leap in asking prices. This news might leave many Londoners wondering how their borough stacks up in the latest housing price evolution. According to the newest figures from Rightmove’s house price index, the average asking price for a London…
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London Rent Rollercoaster – Prices Drop as Supply Soars
London’s rental market is showing signs of a significant shift. For the first time in months, renters are finding themselves in a position of power, with rents on a downward trajectory. This change comes as landlords begin to face the music, adjusting their expectations in response to a market that’s rapidly evolving. Recent reports from…
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Home Buyers Brace for Stamp Duty Spike
Chancellor Jeremy Hunt’s latest budgetary decisions are poised to significantly impact home buyers across the country. Despite widespread speculation and hope for a reduction in stamp duty land tax to invigorate the housing market, the Chancellor has opted to maintain the status quo, leading to a projected £9.4 billion surge in property taxes over the…
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House Prices Dip but Market Revives
The UK housing market is showing signs of revival after a slight dip in prices, as revealed by the latest data from property giant Zoopla. Despite a minor decline in house prices at the end of last year, there’s a surge in buyer and seller activity, promising a dynamic market ahead. Let’s break down what…
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UK Property Prices and Activity Increase in January – Rightmove
The UK’s property market has kicked off 2024 with an increase in activity and asking prices, as reported by Rightmove. This January, we saw a significant 1.3% month-on-month rise in property asking prices, marking the most considerable jump for this period since 2020. The average listing price for newly marketed homes nearly hit £360,000. Despite…
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London Housing Market 2024 – To Sell or Not to Sell?
The London housing market has always been dynamic and ever-changing. As we look ahead to 2024, many homeowners are grappling with the decision of whether to put their properties on the market or wait out the current economic and political uncertainties. The Standard published a guide, drawing on insights from seven leading industry experts, that…
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Property Experts Comment on Autumn Statement
Chancellor Jeremy Hunt presented over 100 measures in his full Autumn Statement, but only a few specifically targeted the housing sector. PropertyIndustryEye canvassed the opinions of several property experts. Enhancements to Local Housing Allowance The Local Housing Allowance rate, which assists private renters on low incomes in paying their rent, is set to increase to…