Where will UK house prices settle?
UK house prices are reacting to the swing of the pandemic pendulum. The stamp duty holiday, low mortgage rates and lack of supply have had a knock on effect on average house prices, causing them to increase significantly over the past year. The issue is that in the past few
Take average house prices with a pinch of salt
Headlines are designed to grab your attention so didn’t Rightmove do well this week! Before homeowners jack up their property prices it's important to understand why everyone ought to take average house prices with a pinch of salt. The press regurgitated, as I am now, their line that the average house
Why UK house prices have risen to the highest level in seven years
UK House prices have taken a quantum leap, rising 10.9pc in the past 12 months. With further rises expected over the summer. Many have attributed this to the Pandemic and the Stamp Duty Holiday but are there other factors, which have contributed to it? THE REFERENDUM In 2015 the housing market started
UK Mortgage Rates: Catch em while you can before inflation catches up
Now couldn’t be a better time to get a mortgage or remortgage. Lenders are competing for your business offering rock bottom rates on lending, making the motivation to move more appealing than the Stamp Duty Holiday! The only issue could be securing your onward purchase before these rates expire. If UK
Bidding wars in the UK
If you aren't competing, via a bidding war, on a property right now, my first thought would be, what’s wrong with it! Okay, not all UK property is sought after but whilst supply remains low and demand high, prepare to partake in a bidding war, as opposed not. Today's overheated
What caused the rise in the UK house price index in March
Buyers and sellers embroiled in bidding wars, chains and negotiations know all too well how overheated the UK property market has been over the past year. So the revelation that the average house price had gone up 1.8% since February, making the average property value in England £274,615, hardly caused
How to navigate buying a UK Property when relocating from overseas
Relocating from abroad is stressful enough without having to navigate your way through the Uk’s property waters. On the whole, if you haven’t previously lived in the UK, I’d recommend renting first . Too often buyers base a search on a friends recommendation or a 10 day vacation to find
UK house prices increased by 8.6 percent – expect a ‘chain’ reaction
UK average house prices increased by 8.6 per cent in the year to February 2021, up 0.6 percent from January. Whilst sellers celebrate their homes going under offer in a day, they forget that they will now join the buying rabble. Any gains will, in most cases, be spent on any
When the 2% surcharge doesn’t apply when buying in the UK from overseas
From the 1st of April 2021, anyone looking to buy a property in the UK from overseas, will be subject to a 2% surcharge. Any purchase on a residential leasehold or freehold property by a non resident or by an unmarried couple, where one of them is a UK resident,
Bidding wars are rife as demand outstrips supply in the housing market but will all sales have been worth the battle?
The seesaw battle between supply and demand is long fought, but currently the UK housing market is buckling under the strain, desperate for reinforcements, as supply struggles to keep up. Last week saw Savills adjust their property forecast with an upward trajectory predicting Average UK house prices to rise +4 pc