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This month’s market comment comes with a degree of optimism, but also with a gentle warning. But let’s get the bad news out of the way first. According to HMRC, UK residential property transaction volumes plummeted by 12.5% last month, down 2% on the year. This time last year, month-on-month sales were up 16.7% equating…
We British love a royal wedding! The unifying effect of such an event as this weekend’s, in which millions of people are interested (ok, not everyone of course) usually generates a feelgood factor that spreads throughout the economy. This wedding is no different and it comes at a time when the public is slightly jaded…
I want to reach out to you to let you know about a Free Landlord and Investor Seminar Emma & I are hosting on 14th June in Chelmsford. I have got some great speakers lined up for you to talk about all things property in Chelmsford, including a Property Developer, Accountant, Property Journalist & a…
Can you believe it is five years since the government launched its flagship programme Help to Buy Equity loan scheme, supporting close to 117,000 first-time buyer purchasers? With 13,500 loans set to mature in 2018 adopters now need to decide how to pay back the government’s loan. One in seven loans to first time buyers…
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Just like the snow, the property market seems a little unsure as to what it’s doing, with the Office for National Statistics reporting a fall in UK property prices of 0.3% last month (0.5% in England), and property price growth slowing slightly from 5% to 4.9%. However, ONS and Land Registry figures are always out…
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When the time comes to sell your home it is important to ensure that you entrust your sale to a reputable estate agent, if the stress of selling is to be minimised. However, the most successful sales tend to be those where the seller and agent work hand in hand during the marketing process. Here…
The latest NAEA report suggests that some first-time buyers, particularly in areas outside of London are pushing themselves further in order to maximise the benefit of stamp duty relief. In this way, they suggest, they are skipping the traditional first home and making the jump straight up the ladder to what might previously have been…
With London house price growth slowing and momentum building in the more northern and Midlands regions over 2017, we review what has happened to the well-documented North/South divide. By early 2017 average sales prices in the South were 78.7% higher than in the North, the highest premium of the last 20 years. The premium paid…
Winter may not be behind us yet, but, as far as the property market is concerned, spring is definitely in the air! The latest figures from Rightmove suggest a cautiously positive market. Of the relatively modest 1.5% annual increase in the price of new-to-market properties on the portal, 0.8% of this occurred last month! This…
As the new school term gets underway, we revisit the well-oiled notion that schools are an instrumental driver of local Chelmsford house prices. How much more are home buyers prepared to pay to live close to an Ofsted rated outstanding school? Properties located within one mile of an outstanding secondary school sold for, on average,…