Tag: Hamptons
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London Property Bargains Dwindle as Prices Firm Up
The London property market has witnessed significant shifts, especially since the pandemic. Initially, properties were frequently sold at considerable markdowns as sellers entered the market with high expectations, only to reduce prices in response to strong buyer negotiations. This trend of heavy discounting became a defining feature of the post-pandemic real estate landscape in London.…
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UK Housing Market Sees Faster Sales Despite Price Struggles
Recent data from Hamptons reveals a decrease in property price reductions, hitting an 18-month low as the market begins to recover. As of April, homes were typically on the market for 50 days before going under offer, which is slightly longer than last year but indicative of a resilient sales environment. The time it takes…
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Bigger Setup Fee Not a Deal-Breaker for Landlords, Say Experts
Landlords looking to invest in property through a limited company will face a higher setup fee, but experts believe this will not deter them. Despite the significant increase, the overall cost and benefits of this investment method make it still attractive. At the start of this month, Companies House, the UK’s registrar of companies, announced…
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Boom or Bust? The Turbulent Journey of UK House Prices Post-Covid
The last four years have been nothing short of a rollercoaster for the UK housing market, fueled by a global pandemic, shifts in working habits, and significant economic pressures. From dramatic rises to unexpected stability and stark declines, the trajectory of house prices has varied wildly across the country. Here’s a comprehensive look at how…
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Booming Growth Forecast for East Midlands and Greater London
The East Midlands and Greater London are poised to lead the UK in population growth, with each region expecting an impressive 12% increase by 2040. This statistic comes from a recent projection by Marrons, a planning and development consultancy. This growth will undoubtedly bring new challenges and opportunities for housing and infrastructure development in these…
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First-Time Buyer Market Sees Surprising Rise in 2024
Recent data reveals that first-time buyers are not just surviving; they’re thriving, having snapped up a record one-third of all homes sold in the UK so far this year. This unexpected rise raises a crucial question: are the tightening regulations on buy-to-let landlords indirectly blessing first-time buyers with more opportunities to secure homes? Traditionally seen…
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London’s Hidden Gems Where First-Time Buyers Can Find Great Deals
Snagging a property bargain is akin to striking gold, especially in today’s market. For first-time buyers, purchasing a budget-friendly home in an emerging area can be a transformative experience, setting the stage for substantial future gains. However, as property expert Phil Spencer notes in today’s Telegraph, this task is increasingly challenging due to rising mortgage…
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London’s Housing Market – Who’s Up and Who’s Down?
London house prices have taken downturn, with an average decrease of 5% across the capital. However, not all boroughs are in the same boat; certain areas are experiencing growth against the odds. London’s property market, typically robust, has shown signs of strain with an overall decline in house prices by around 5%. This drop is…
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Cornwall’s Housing Market – The Tide Turns
Cornwall, the picturesque jewel of the UK’s southwestern coast, experienced a property market boom during the pandemic unlike any other. With homes fetching prices well above the asking rate amid a frenzy of buying activity, the region was a sellers’ paradise. However, recent shifts indicate a dramatic change, turning it into a market where buyers…
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Landlords, Beware The Hidden Costs of Limited Companies for Buy-to-Let
An increasing number of UK landlords have turned to limited companies as a vehicle for their buy-to-let investments. This shift has been significant, with a record 50,004 companies established for this purpose just last year, as revealed by Hamptons. The total number of buy-to-lets held within company structures has surged to 615,077, marking an 82%…