How will house prices move in 2021?

Having hit an all-time high in December 2020, UK house prices once again stand on the brink of uncertainty. Will the fall, rise, stay the same – or something else? Despite being one of the most economically turbulent years in living memory, 2020 ended with UK house prices – almost incredibly – at a record … Continue reading “How will house prices move in 2021?”

UK catches the property auction bug

Are Brits abandoning the estate agent for the auction house? This year nearly 40% more property by value has been sold at auction, compared to 2019. Leading provider Auction House has enjoyed a record October performance, having shifted £65m worth of property in that one month alone, while John Pye Property saw transactions more than … Continue reading “UK catches the property auction bug”

Residential Property Review – October 2020

Our monthly property market review is intended to provide background to recent developments in the residential property market, as well as to give an indication of how some key issues could impact in the future. Housing market activity remains robust – for now Across the UK, housing market activity continued to advance strongly in September, … Continue reading “Residential Property Review – October 2020”

New property trends emerge following lockdown

The property market is gradually showing signs of recovery and a number of new trends are emerging. It’s likely that these trends will continue to influence the market over the coming months. Sales rise due to high demand Pent-up demand and incentives including the temporary Stamp Duty holiday have provided a much-needed boost to the … Continue reading “New property trends emerge following lockdown”

Residential Property Review – September 2020

Our monthly property market review is intended to provide background to recent developments in the residential property market, as well as to give an indication of how some key issues could impact in the future. Residential market shows strong momentum The latest UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS) shows … Continue reading “Residential Property Review – September 2020”

Remortgage to renovate: the new UK property trend

A growing number of homeowners are turning to remortgaging to release funds to improve their homes and raise their value. Meanwhile some lenders are seeing remortgagers as a safer prospect than new buyers, resulting in better deals becoming available. Being locked down at home has given millions more Brits a chance to notice the peeling … Continue reading “Remortgage to renovate: the new UK property trend”

Residential Property Review – August 2020

Our monthly residential market review is intended to provide background to recent developments in property markets, as well as to give an indication of how some key issues could impact in the future.  House price recovery continues July saw house prices enter positive territory for the first time since March, with a net balance of … Continue reading “Residential Property Review – August 2020”

Residential Property Review – July 2020

Our monthly residential market review is intended to provide background to recent developments in property markets, as well as to give an indication of how some key issues could impact in the future. UK housing market shows initial signs of recovery The number of prospective home buyers bounced back ‘noticeably‘ in June, as did enquiries, … Continue reading “Residential Property Review – July 2020”

Thousands of homebuyers lost deposits in property freeze

The property market shutdown earlier this year proved especially painful for buyers nearing completion. In a recent survey by Butterfield Mortgages of over 1,300 homeowners and would-be homebuyers, three in 10 buyers said they had lost their exchange deposit as a consequence, due to the shutdown taking place after contracts had been exchanged. If this … Continue reading “Thousands of homebuyers lost deposits in property freeze”

Residential Property Review – June 2020

Buyer enquiries stabilise – but house price falls remain likely May saw a considerable upswing in buyer enquiries from a record low net balance of -94% in April to -5% in May, according to the latest Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS). Newly agreed sales increased from -93% to -35%, … Continue reading “Residential Property Review – June 2020”