Tag: Yopa
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House Selling Times See Dramatic Shifts in Some Areas
Recent data indicates that the time required to sell a house nationwide has marginally decreased. Over the past year, the average duration from listing a property to completing its sale has nudged down from 241 days to 240 days—a minor reduction of 0.7%. This figure, at a glance, suggests stability in the national market. However,…
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First-Time Buyers Face The Mount Everest of Deposits
The latest findings from Yopa, show that the road to homeownership is looking more like scaling a financial Mount Everest for first-time buyers in Britain, despite the assistance from the ever-reliable “Bank of Mum and Dad.” Yopa’s research sifts through data from Legal and General, showing the significant contributions families are making to help their…
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99% Mortgage Idea Abandoned
The Conservative Party has apparently abandoned its ambitious plan to roll out a 99% mortgage scheme, a move that was anticipated to be a cornerstone of the Spring Budget announcement. This policy was designed with the intent of enabling individuals with high incomes but limited savings to step onto the property ladder, yet it has…
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Homebuyers Resort to Bribes in Bid to Secure Dream Homes
A study by Yopa shows a staggering 25% of recent homebuyers have confessed to using bribes, ranging from cash to acts of kindness, in an attempt to win over sellers and clinch the deal on their dream property. This research sheds light on the lengths people are willing to go to in the competitive housing…
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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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The Real Cost of Fixer-Uppers Revealed
Have you ever dreamt of snagging a bargain property and transforming it into your dream home? Enter the world of fixer-uppers! These are properties that need a bit of TLC – think outdated kitchens and bathrooms, and décor that takes you back a few decades. They’re not for the faint-hearted, but if you’re up for…
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Homebuyers Eye Discounts as Sellers Re-Enter Market
The beginning of 2024 has brought with it a rush of sellers re-entering the UK property market, offering discounted prices to eager homebuyers. A recent study by Yopa, a well-known estate agent, highlights this trend, providing a glimmer of hope for those looking to purchase homes at more affordable rates. Yopa’s research focused on properties…
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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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Sellers Slashing Prices to Lure Buyers
Key points – Sellers are increasingly slashing asking prices to attract buyers amidst a challenging property market. Recent research has shed light on a growing trend: hundreds of properties are seeing price cuts each week. The data, gathered at the end of November, indicates 959 properties per week (or 137 daily) reducing their asking prices.…
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UK’s Pandemic Property Market Surge
The UK property market has experienced a remarkable transformation during and since the pandemic, with England’s housing sector alone witnessing a staggering £1.6 trillion increase in value. Recent research by Yopa estate agents has provided insight into this unprecedented growth. The data reveals a 25% increase in average house prices, soaring from £248,097 in December…