Research from PaTMa has found that Parton and Distington in Cumbria are the best areas for rural yields in England. In these locations, investors can expect an annual return of 8.52% on initial investment. This area is located in the middle of Whitehaven and Workington. It is also within reach of Carlisle and the Lake […]
According to NAEA Propertymark found that there was an average of 8 sales per branch. This is the highest number of sales per branch since 2006. Alongside this, there was an average of 348 prospective buyers registered per branch. This is the highest number since December 2016. This exceedingly busy December can be attributed to […]
Scientific advisors have stated that the current lockdown measures do not go far enough to prevent the spread of a coronavirus. They should therefore be tightened. The latest guidance from the government is that renters, agents, buyers, sellers and landlords should be prepared for a closure of the market. They have stated that it may […]
The ministry of housing, communities and local government has updated its guidance document. This is in an attempt to educate estate agents on the proper way to conduct themselves safely while also maintaining the safety of others. As we are aware, estate and lettings agents are allowed to carry on as normal. So what do […]
2020 has been a year like no other. It has changed the way people live, given us new priorities and aims. The coronavirus pandemic has affected everything, the property market included. Agents are reporting a shift in desires, more outdoor space seems to be much more important now than it has been in the past. […]
Rent in the South West of England has risen by 8.6% year on year. HomeLet rental index has suggested that rent in the South West now stands at an average of £910 a month. The East Midlands (7.3%), Wales (6.8%) and the North West (6.2%) also had considerably strong rental price growth. On the other […]
Switzerland, China and Japan are the hardest countries to get onto the property ladder in Money.co.uk’s study of 25 countries has found that the hardest place to get on the property ladder is Switzerland. In Switzerland, the average property price is £501,000 and the average age of a first-time buyer is 48. Following Switzerland there […]
Property instructions in the prime areas of London are on the rise. They have risen 68% year on year since October. This paints a positive picture for the coming months. LonRos research has shown that levels of transaction have risen 4% annually in October. Their research shows that 25% more properties are being sold. Marcus […]
The mortgage payment holiday was due to end in October. But the government has announced that the scheme will be extended. This is in order to help individuals combat the financial impact of coronavirus. Borrowers ,who have not taken a mortgage holiday before, are entitled to take a 6-month payment break on their mortgage payments. […]
The number of individuals registering as prospective buyers with branches has risen by a third (33%) in September, up from 396 in August to 525 in September. This number almost matches the current record of 581 per branch in June 2004. Mark Heyward, chief of NEAE Propertymark argues that individuals always flood the market in […]
