Category: Selling Property
Unexpected Mortgage Rate Hikes Pressure Homebuyers as Spring Housing Market Heats Up
April brought with it mortgage rate hikes to go along with an uptick in housing market activity, according to OnTheMarket’s latest Property Sentiment Index. The pace at which homes are being sold remains consistent. The mood in April seemed quite consistent, with a small boost in seller optimism paralleled by a minor dip in buyer…
How to Sell Your House: A Comprehensive Guide
Are you excited about moving to a new place, maybe one with more room or a scenic coastal view? If yes, then it’s time to turn those dreams into reality. Our straightforward guide will lead you through the selling process, covering everything from choosing a real estate agent and pricing your home to preparing it…
Labour Considers Council Tax Reform Aimed at Property Wealth
What does Council Tax Reform under The Labour party, look like? Well, Labour under the leadership of Sir Kier Starmer, has not dismissed the possibility of using satellite technology to surveil private properties, similar to recent reports from Wales, in order to raise taxes. Under new proposals from the Welsh government, those living in neighbourhoods…
Persimmon Sales Agent Suspended after ‘flipping the bird’ to Homebuyer
A Persimmon sales agent has been put on leave after he was caught on camera giving the middle finger to a potential homebuyer. The incident, highlighted by MailOnline, occurred during an argument in Derby at a property the agent was selling. The offensive gesture happened at Buttercup Leys estate, a development with homes priced up…
Rightmove Study Shows Victorian Houses Are UK’s Favourite Period Properties
A new study by Rightmove has found that Victorian houses top the list of most-searched period properties in the UK. The use of Rightmove’s Keyword Sort tool has revealed that people have a keen interest in properties with historic and distinctive features, as ‘character’ and ‘period’ are among the most common keywords used in property…
Overcoming the UK Housing Crisis Through Retrofitting houses
The UK is facing a severe housing crisis – a quarter of homes don’t meet necessary standards, with 12% being particularly hazardous. Evidently, our current approach is failing. To try and alleviate the rental housing problem within seven years, the UK needs to invest a staggering £250 billion into housing. This challenge requires more than…
Overview of the UK Property Market
The UK property market activity for the week ending on the 5th of May 2024, which is Week 18, remained robust, mirroring the previous week’s high performance in both gross and net residential property sales, the likes of which haven’t been seen since the middle of 2022. Verona Frankish of Yopa highlights the key trends…
Rightmove reports strong start to 2024 as estate agency members rise
Rightmove has shared a promising update, indicating a robust start to the year 2024, with consistent revenue and margin projections for the entire year. As the company prepares for its Annual General Meeting, it’s been reported that from the beginning of January to the end of April 2024, Rightmove has maintained its goals for both…
Quick Tips for Selling Homes FAST
Deciding to sell your home is a significant step that requires quick and decisive action. The first impression of your home can make or break a potential sale, making it important to get all the details just right. Don’t sleep on our quick and simple tips for selling homes. To quickly entice buyers, price your…
Guide for Buyers: Tips on House Price Negotiation
To be successful in negotiating the price of a home, start with detailed market research to better understand pricing and trends. Collaborate with a Realtor to benefit from their knowledge and to craft strong proposals. Having a pre-approval letter can demonstrate your serious intent and ensure all necessary financial paperwork is in order. Communicate your…
Significant price drops expected in West Midlands, London, and Yorkshire
Three UK regions—the West Midlands, London, and Yorkshire & the Humber—are forecasted to experience notable declines in house prices, according to a report from the property investment platform easyMoney. The data suggests a fall of -7.8% in the West Midlands, -6.8% in London, and -6.3% in Yorkshire & the Humber. Conversely, only two areas in…
Irish Country Homes Market Persists
Savills reports that even with changes in the economy, the prime country homes market is still strong, with sales near €200 million outside of big cities. Savills studied sales of prime country homes—those over one million euros and outside Dublin, major regional cities, and north Wicklow—using data from the Property Price Register. Highlights from 2023…
The Housing Market’s Upturn Nearly Sets a New Price Record
The average asking price for a house in Britain has increased by 1.1% since March, reaching £372,324. This typical seasonal rise has brought prices almost to the record high set in May 2023, now just £570 shy of that peak. ‘Top-of-the-ladder’ homes—larger four-bedroom detached houses and properties with at least five bedrooms—are behind the increase,…
Top UK Cities for Property Sales: Glasgow, Edinburgh, and Leeds Lead the Way
A study by Lomond using government data shows Glasgow, Edinburgh, and Leeds as the most active property markets in the UK. When compared over the past six months, these markets have outperformed others based on the average number of homes sold each month. In Glasgow, there have been about 928 home sales per month, while…
How to Sell a Home from a Trust After Someone Passes Away
A trust is an arrangement created to protect assets, where a trustor gives a trustee control of property for the benefit of others, known as beneficiaries. The primary goals of a trust are asset protection, carrying out the trustor’s wishes, and avoiding the probate process, which otherwise decides asset distribution after someone dies. When someone…
10 Factors That Can Lower the Value of Your Home
Residing close to power lines or highways can significantly decrease property values, much like having unconventional features such as backyard roller coasters which could deter potential buyers. High levels of noise pollution from busy roads or industries can make a home less attractive. Poorly rated school districts and nearby registered sex offenders can also drive…
Current UK Property Market Stats
This week’s update on the UK Property Market as of 31st March 2024 (Week 13) indicates a solid number of property transactions and house prices. In the latest update on the UK Property Market Stats Show with Iain McKenzie on YouTube, the main points are: House prices for the 109k properties sold in March are…
Factors to Take into Account When Moving House
Moving house is an exhilarating yet daunting task. The thrill of a fresh start comes with its share of difficulties, and there’s the complex task of buying a new place (and possibly selling your old one). Relocating can be intricate, costly, and a drain on your time, so it’s wise to minimize the frequency of…
Capital Gains Tax Increase for Landlords Starting in April
A Capital Gains Tax increase has been announced and is scheduled to start next month The personal allowance for Capital Gains Tax (CGT) is being halved from £12,300 to £6,000, which means most investors will pay more when they sell their properties. Despite the fact that the Chancellor, Jeremy Hunt, has reduced the CGT rate…
UK house prices rise by 1.5% in biggest increase for 10 months
UK house prices have experienced a significant surge, with the average price of a home rising by £5,279 to almost £370,000 due to increased buyer interest and a surge in house sales this March. This 1.5% jump in prices is the largest in ten months, exceeding the usual 1% rise seen in March historically. Rightmove,…
Purplebricks Offers Free House Selling – What’s The Hidden Detail?
Wow, there’s a lot to talk about since the major shift with Purplebricks, the leading online estate agent in the UK. They’ve gone from one of the highest-cost online agents to offering their services for free. Can you believe it? Upon hearing that Purplebricks is providing a house-selling service at no cost – a service…
Deciding Between Selling or Renting Your Inherited Property
Have you recently inherited a property and find yourself unsure of what to do next? You might be considering: Moving in yourself Leaving it unoccupied Selling it Renting it out Chances are, you’re mainly torn between selling or renting the property out. I can’t make the decision for you, but I can offer some perspective…
A Beautifully Renovated Mill in Warwickshire That’s Straight Out of Grand Designs
The Mill, located in Rowington, is a four-bedroom residence that blends industrial heritage with strikingly contemporary design. Homes often have a very boxy appearance, right? It seems that despite our long history of architectural innovation, we’ve become quite settled on a rather conventional square design with windows and a roof. Where did our adventurous spirit…
The best country houses for sale in Wales, from a Strawberry Gothic manor, to an old Coastguard station
The Best Country Houses for Sale in Wales: From a Strawberry Gothic Manor to an Old Coastguard Station We’re taking a glimpse at the most impressive homes on the market throughout Wales. The line-up includes coastal properties with breath-taking sea views and countryside residences boasting exceptional libraries. Brecon, Powys — £3,250,000 Strawberry Gothic Ty Mawr…
Real Estate Market Sees Lowest January Activity in Over a Decade – Reactions from the Field
HM Revenue & Customs (HMRC) reported just 82,000 residential property transactions in January, adjusted for seasonality, marking the lowest figure for this month since 2013. Despite this 11-year decline, there was a slight increase from the 80,500 transactions recorded in December, which was the first month-to-month rise since August 2023. Unadjusted for seasonal patterns, there…
Winkworth Appoints Former Pub Owner as New Franchisee of South Coast Office
Winkworth has introduced a new franchisee for its Worthing office on the South Coast. Nathan Wright is joining the Winkworth brand after gaining experience in the property sector and operating his own ventures. Nathan has a 15-year history in real estate, having worked in Christchurch and Poole, before switching to the pub industry where he…
Update on the UK Housing Market Last Week
Contrary to pessimistic predictions, the UK housing market showed strong performance in both sales activity and price achievements for the week ending 25th February 2024 (Week 8). In the latest weekly report featuring Chris ‘Property Stato’ Watkin and guest Ben Madden, here are the noteworthy updates: Average price per square foot for homes with sale…
OTM Aiming to Be the Top Property Website in the UK
Nearly ten years have passed since the creation of OnTheMarket (OTM), founded with the support of leading estate agencies such as Savills, Knight Frank, and Glentree Estates, with the goal of competing against major players like Rightmove and Zoopla. OTM rolled out with a campaign worth millions in marketing funds and established strict rules, such…
Real Estate Agents See Increase in Sales as Housing Market Activity Picks Up
Buyer and seller activity in the housing market rose in February, leading to an anticipated 10% bump in home sales for the year, according to recent data from Zoopla. Compared to February of the previous year, all markers of market activity improved, with completed sales up by 15% and buyer interest climbing by 11%. Zoopla…
Reactions from the Property Sector to the Latest Zoopla House Price Index
According to the latest data, there’s an 11% increase in UK buyer demand and a 15% rise in the number of agreed sales over the past year, spanning all UK regions and countries. Zoopla’s statistics highlight that the North East and London have seen a particular surge in new buyer interest. Additionally, there’s a 21%…
Guidance for London Vendors Regarding Changing Real Estate Brokers
It’s commonly stated that selling a property is more of a prolonged journey than a quick race, but what if your transaction is barely inching forward or completely at a standstill? What strategies can you employ to rejuvenate the process and secure a purchaser willing to go all the way? Switching brokers is one potential…