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Digging down into our dataset, we’ve taken a look at the difference in price paid per square foot in 2017 according to which floor flats were situated on. The analysis reveals that the peak for average price in 2017 was the sixth floor, where flats sold, on average, for £616 per sq ft. This is…
We have been digging around into the Land Registry data which has revealed a few curious results. In particular, we looked into the day of the week when properties complete. However, we found the variation by price band interesting. Higher value properties are less likely to complete on a Friday than those in the lower…
Is the property market up or is down? This month, more than ever, the answer depends on who you speak to. For example, according to the Land Registry, a total of 850,281residential properties were sold during 2017, which is a clear 14.6% fall on 2016 (although still 30% up on the low-point of 2008). In…
I was reading a report from Fine & Country who published a list of the 10 most beautiful places to live and it got us wondering whether there is a cost attached to buying a home in these places. For example, Tenby in Pembrokeshire is one of the most beautiful places to live and properties…
Dataloft expects that UK house prices will rise in 2018 but only by a narrow margin – an average of around 1.8%, ranging from small falls in some markets – notably London, to a 5% uplift in others. As ever, there will be significant variations at local level – these are, after all, forecasts of…
2017 turned out to be a politically turbulent year, but a somewhat lacklustre one for the property market, once again demonstrating the resilience of the British when it comes to home ownership. Indeed, the latest report from LSL revealed that average house prices have seen a return to growth after several months of slowdown and…
Good afternoon all. You may be aware that Christmas Jumper Day is this Friday 15th December, which we are participating in. We are going to be donning our festive jumpers, putting on some Christmassy tunes and offering Festive treats and drinks to any body who is able to join us. Any money raised is going…
The Bank of England’s Monetary Policy Committee has just announced a rise in the Bank of England base rate of 0.25% – the first increase in over a decade. The base rate is the figure on which mortgage rates in particular are based and a whole generation of aspiring homeowners will be wondering what to…
Wednesday’s budget was noticeable for the absence of any mention of the housing market. This oversight was met with derision from almost ever organisation with an interest in the property sector. There has been a succession of housing ministers over recent years, each of which has introduced several, mostly ill-considered, policies which have effectively damaged the…
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Whilst many of us might have understandably had quite enough of Brexit/Trump inspired news, there is one aspect of these that is extremely reassuring in respect of the UK property market! Such tumultuous news, almost daily, with so many angles and such far-reaching political, economic and social consequences, might ordinarily cause such uncertainty as to…
We are often asked by our clients whether they should withdraw their property from the market once an acceptable offer has been made. There are a number of angles on this subject which should be considered in the context of each specific set of circumstances. Firstly, from an ethical perspective, it could be argued…