Housing demand slumps to near six-year low as first-time buyers pounce on ‘cautious market’ March 25, 2019 Demand for housing has slumped to its lowest level in almost six years, according to new figures that underline fears of waning activity across parts of Britain’s housing market. The number of house hunters registered per estate agent branch slumped by 15 per cent to 252 in February, marking the lowest since since July 2013. [...]
November rise in first-time buyers getting on the housing ladder January 17, 2019 First-Time buyers bolstered the UK mortgage market in November, as competitive deals and schemes such as Help to Buy boosted the number of young homeowners in the run-up to Christmas. There were 36,200 new first-time buyer mortgages completed in November, rising 5.8 per cent from the same month in the previous year, according to UK [...]
Countryside creep: London homeowners flee capital at record rate August 2, 2021 London homeowners are fleeing the capital at record levels as city slickers pursue newfound housing needs triggered by the Covid crisis, according to new figures released today. Research by estate agent Hamptons shows 61,830 Londoners purchased homes outside the capital in the first six months of this year, the highest number since they started recording [...]
House prices make biggest January leap since 2020 amid mortgage price war January 15, 2024 House prices made their biggest month-on-month leap in December to January since the pandemic, rising by 1.3 per cent to £359k.
Cairn Homes to post dividend of 2.66 cents, while demand has ‘never been stronger’ July 1, 2021 Cairn Homes is set to reinstate a dividend of 2.66 cents per share, while the demand for new homes has “never been stronger”, the housebuilders boss said. The group raked in a sturdy €131m revenue from 403 closed new home sales in the six months to 30 June, up from €81m from 207 closed sales [...]
Today’s Budget: Sunak’s dilemma of greater spending vs balancing the books October 27, 2021 Later today, Chancellor, Rishi Sunak will reveal the government’s tax and spending plans in the 2021 Budget. It is widely expected Sunak will focus on support for businesses and individuals in the aftermath of Covid 19. Spreading the wealth around the UK with the government’s ‘levelling up’ promises, as well as its plans for greener energy [...]
House prices fall for the first time this year as stamp duty holiday winds down July 7, 2021 The price of the average UK property fell last month for the first time this year, as the end of the most generous stamp duty holiday loomed. House prices fell 0.5 per cent in June, down £1,284 to an average price of £260,358, according to figures from Halifax. The new figures mean annual house price [...]
House prices: New build homebuyer demand explodes on England’s south coast and in Wales April 26, 2021 Homebuyer demand for new build homes has climbed 9 per cent in the last year, with coastal towns in the south of England and Wales leading the charge. Across Britain, 38.7 per cent of all new build homes are already sold subject to contract or under offer, a 9 per cent jump on the same [...]
Opinion: First time buyers purchasing new builds with the help of Mum and Dad are missing out on SDLT relief March 15, 2019 Stamp duty land tax relief for all first-time buyers for purchases up to £500,000: this was the pledge made by the Chancellor, Rt Hon Philip Hammond MP, in the 2017 Autumn Budget. Given the usual stamp duty threshold is far lower than the average house price in London, this was a big win for first-time [...]
Budget 2021: Government to guarantee five per cent mortgages on homes up to £600,000 March 3, 2021 The government will introduce a new scheme that will allow individuals to put down just a five per cent deposit on homes valued up to £600,000. From April, the government will introduce a the scheme that will provide a guarantee to lenders across the UK that offer mortgages to people with a deposit of five [...]