Tag: Purplebricks
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Sell Your Home Without An Estate Agent
Moving home is not just a logistical and emotional challenge; it’s also a financial one. Among the myriad expenses homeowners face, estate agent fees stand out as particularly steep, often surpassing 3% of your home’s sale price. In the UK, where the average house price can result in fees around £8,550, that’s no small change.…
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Granny Flats Boom – The Rising Popularity of Annexes
In recent months, there’s been a shift in the UK housing market, with a surge in demand for homes featuring self-contained annexes, or as they’re affectionately known, “granny flats”. This trend comes as a direct response to local councils intensifying their crackdowns on second homes. Purplebricks, a leading online estate agent, has reported a significant…
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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…
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UK Housing Market: Experts See A Glimmer of Hope?
The UK housing market, after months of downturn, is showing signs of a tentative recovery. Data from Halifax indicates an increase in residential property prices in October, the first rise witnessed in half a year. However, amidst this hopeful news, experts predict a potential decline in values over the coming year. A Surprising Uptick in…
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Gazumping: A Buyer’s Guide
For many, purchasing a home is a significant milestone. It’s often the culmination of years of hard work, saving, and planning. However, the journey from deciding to buy a house to actually securing the keys can be fraught with challenges, not least of which is a phenomenon known as “gazumping.” Gazumping occurs when a seller,…