Buying Property
More than 1 million aspiring homebuyers have opened Help to Buy ISAs, government-backed savings accounts, designed to help people save money for a deposit to buy their first property.
There were 104,760 residential property transactions in the UK in July, up 1.3% from June and 8.3% higher than the corresponding month last year, according to seasonally adjusted statistics from HMRC.
Almost half of all property purchase valuations last month were conducted on behalf of first-time buyers according to Connells – well above the five-year average for the month.
Property auctions are a good place for investors to pick up a bargain, and every week these events are taking place at venues across the UK, offering a wide range of properties for sale.
Countrywide has issued forecasts for the housing market over the next two years amidst a warning that Brexit volatility is the biggest risk to performance.
The proportion of home movers buying homes has dropped from just under two-thirds to 51% in the past decade, figures show.
Asking prices for properties new to the market fell this month for the second time this year, Rightmove reported
Strutt & Parker, one of the UK’s largest independent estate agents, has seen demand for property in the UK increase significantly in recent months, but the company reports that the housing market in prime central London ‘remains static’.
Britain is becoming a nation of haves and have nots after new research revealed one in ten UK adults now own a second property while four in ten own no property at all.
Auction House, the UK’s largest property auctioneer, has offered more lots in the seven months to August than in any other year in its ten-year history.
The number of investors using gifted deposits, a sum of money that is given by a family member forming all or part of a deposit for somebody wanting to buy a property, has dropped by 3% in the last two years, new figures show.
The second charge mortgage market saw new business increase 33% by value and 22% by volume in June compared with the corresponding month last year, according to the latest data from the Finance & Leasing Association (FLA).
An £845,000 manor house in Lancashire that was being raffled for £2 a ticket has a new owner.
Technical hubs that create employment are also having an effect on house prices with locations such as Cambridge, Reading and Oxford seeing values rise substantially since 2012.
Calls for the Government to cut stamp duty, the tax paid on a home in the UK, to reflect what is actually happening in the housing market, are rising.
Making energy saving improvements to homes could increase values by up to 38% in the UK as the majority of buyers would pay more for an environmentally friendly property.
Property auctions are a good place for investors to pick up a bargain, and every week these events are taking place at venues across the UK, offering a wide range of properties for sale.
House prices in Scotland increased by an average of 0.5% in June to reach an average of £175,941, according to the latest Your Move Scotland House Price Index.
The price of houses in the UK will remain high because a “structural decline” means fewer homes are being sold and let, thus fuelling an excess of demand over supply.
The east of England has been the outlier for house price growth in recent months but it is being overtaken by the east midlands, at least by seller expectations.
