Tag: Propertymark
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Interest Rate Cut – Is This the Moment the Housing Market Turns a Corner?
Good news for buyers and sellers as the Bank of England reduces interest rates for the first time since the pandemic. In a move that could signal a boost for the housing market, the Bank of England has decided to cut interest rates for the first time since the start of the Covid pandemic. This…
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House Sales Dip but Experts Say Don’t Panic!
The number of homes being bought and sold has dipped slightly, but experts are saying it’s just a blip and things are still looking good for the property market. Official figures from HMRC show that the number of house sales in June 2024 was slightly lower than in May 2024. This is the first time…
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Leasehold Shake-Up – Will it Make Buying a Home Easier?
The government has promised big changes to make buying and selling leasehold properties simpler and cheaper. But what does it mean for you? In the recent King’s Speech, the government pledged to overhaul the leasehold system, aiming to give leaseholders more control over their homes. This follows years of campaigning by groups like Propertymark, who…
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House Sales Taking Six Month as Paperwork Piles Up
Selling your home? Brace yourself for a long wait! The process of buying and selling houses in the UK is becoming a nightmare, with sales now taking up to six months to complete. New research from Propertymark, the estate agent trade body, reveals the shocking scale of the problem. Back in 2016, almost 80% of…
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House Hunters Back in the Game at Auctions
The property market is looking a bit brighter, with more homes going up for auction and buyers battling it out to snap them up. However, experts warn that it’s still a tough market out there. According to the latest Propertymark report, there was a surge in the number of properties available at auction in the…
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Bradford First-Time Buyer House Prices Rise by a Third in Five Years!
Thinking of buying your first home in Bradford? Brace yourselves! The latest figures from the Land Registry reveal that the average price for first-time buyer properties in Bradford has shot up by a staggering 30% in the last five years. Back in April 2019, new buyers could snag a home for around £118,900. Fast forward…
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Could Labour’s Plans Be a Lifeline for the Rental Market?
Labour has announced a new policy aimed at boosting the rental market, and some experts are hailing it as a potential game-changer. Simon Gerrard, managing director of Martyn Gerrard Estate Agents in north London, has welcomed Labour’s pledge to build more homes specifically for the rental sector. He believes that the current lack of new…
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Price Right or Risk a Longer Wait – Why Getting Your House Valuation Spot On Matters More Than Ever!
The property market has been a bit of a rollercoaster recently. After some crazy price hikes, things seem to be calming down. But don’t get too excited just yet – for both sellers AND buyers, there’s a new challenge: getting the price right. You see, inflation, while dropping, is still pushing prices up, even if…
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Mortgage Woes – Brits Are Struggling To Keep Up With Payments
The Bank of England has revealed that more and more homeowners are falling behind on their mortgage payments, with the number of Brits struggling to pay reaching its highest level in almost a decade. The value of mortgage balances with arrears jumped by a whopping 44.5% in the first three months of 2024 compared to…
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House Prices – Good News, But Don’t Get Too Excited Just Yet
It’s looking like a bit of a boom for the housing market, with more homes popping up for sale and people eager to buy. The latest report from Propertymark shows a jump in the number of houses hitting the market. This means more choice for buyers, which is good news for anyone looking for their…