HM Revenue and Customs have released their latest data on property transactions. This data shows that the number of property transactions decreased between the months of April and May 2021. UK residential property transactions fell by 3.9% between the two months. On the other hand, non residential property transactions actually increased by 8.7% during the […]
The competition for houses continues. This competition for very limited supply is forcing the housing boom to surge forward into the warmer months. Nicky Stephenson, MD of Fine and Country has commented that the imbalance between supply and demand has caused house prices to increase. One in three homes are now selling above the original […]
According to Rightmove, there has been a surge in demand for smaller properties which are located close to city centres. Bigger, family style homes have been leading the market over the past year due to the high demand for attentional space. Many families needed spare space to allow them to work from home . The […]
Research has shown that more than a quarter of buy- to-let landlords plan on expanding their property portfolios within the next 12 months. Buy to lets are continuing to outweigh other asset classes. Due to this reason Knight Knox have surveyed 500 landlords. Their answers have shown that 27% of buy-to-let landlords are looking for […]
Rental prices are once again on the up. This is attributed to the ever rising demand for rental properties. The number of landlords increasing rent significantly rose in March. Coupled with this, lettings agents noted a significant increase in the numbers of prospective tenants registering per branch. ARLA Propertymark’s data has shown that there were […]
The number of people looking to buy property in London has increased by 57%. The number of tenants looking to move in March rose by 21% in March when compared to February. The agents, Chestertons has reported that in March they saw a 39% increase in property viewings. There was also a 28% increase in […]
According to the Private Rented Sector Report ,by ARLA Propertymark, in February the number of prospective tenants rose again. This follows the same trend as the figures collected in January. The report also shows that the average number of prospective tenants rose to 82 new tenants registered per branch in February. This is an increase […]
According to the National Landlord Index the answer is yes. Their research has shown that over half (59.8%) of landlords are delaying investing in property till lockdown measures relax. The research also comes to the conclusion that landlords still feel safest when investing in the rental market. This is because it is a lot safer […]
According to research by e.serv chartered surveyors the South West of England saw a house price rise of 13.9% in January 2021. This is the steepest rise across England and Wales. Average house prices in the South West stand at £332,844. Other places which are undergoing mass property price increases are the East Midlands (10.4%), […]
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 […]
