What trends will dominate the housing market in 2022?

Last year house prices rose to new heights and the sales market was at its most active since 2007.  Last year’s property boom was fuelled by a desire for more space, a mismatch in supply and demand, and the temporary Stamp Duty holiday.  Looking ahead, what trends will dominate the housing market in 2022? Strong … Continue reading “What trends will dominate the housing market in 2022?”

Residential Property Review – December 2021

Slowing activity but demand remains high New buyer enquiries rose slightly in the Royal Institution of Chartered Surveyors’ (RICS) November survey, with a net balance of +13%, while new instructions fell for the eighth successive month to -18%. The end of the Stamp Duty holiday, among other factors, has contributed to a dip in housing … Continue reading “Residential Property Review – December 2021”

Residential Property Review – November 2021

Spending pledges for housing in Autumn Budget In his Autumn Budget delivered at the end of October, Chancellor Rishi Sunak committed more cash to building new homes on derelict or unused land in England, as part of a £24bn fund earmarked for housing. The plans will see 160,000 greener homes built on brownfield land and … Continue reading “Residential Property Review – November 2021”

Residential Property Review – October 2021

Supply still lagging demand Steady buyer demand and a sixth successive month of net negative new instructions, were the standout trends in the September UK Residential Market Survey published by the Royal Institution of Chartered Surveyors (RICS). “At the national level, new buyer enquiries had a net balance of zero in September, up from -13% … Continue reading “Residential Property Review – October 2021”

Residential Property Review – September 2021

Signs of solidity in UK housing market After reaching record highs in June, the housing market is now ‘taking a breather‘, according to the Royal Institution of Chartered Surveyors’ (RICS) August survey. New buyer enquiries fell for a second consecutive month, with the latest net balance dropping to -14%. Despite this slip in demand, supply … Continue reading “Residential Property Review – September 2021”

Residential Property Review – June 2021

Renting less expensive than buying a property Research from estate agency Hamptons, suggests that renters are better off than buyers for the first time in five years. The study found that, just prior to the pandemic in March 2020, the average buyer with a 10% deposit was better off than renters by £102 per month. … Continue reading “Residential Property Review – June 2021”

Residential Property Review – May 2021

Queen’s Speech is ‘significant‘ for housing market A key announcement in the Queen’s Speech on 11 May was a new Planning Bill, which aims to simplify and speed up the planning process using a digital, map-based service, allowing more active public engagement in the development process. The reforms should allow homes, schools and hospitals to … Continue reading “Residential Property Review – May 2021”

Residential Property Review – April 2021

Spring sees the busiest ever housing market Growing optimism due to the vaccine rollout, the return of low-deposit mortgages and the Stamp Duty holiday extension for England and Wales, have contributed to make this spring the best time to be a property seller in a decade, according to property website Rightmove. The online property portal … Continue reading “Residential Property Review – April 2021”

Residential Property Review – March 2021

Stamp Duty holiday extension In his Budget on 3 March, Chancellor Rishi Sunak confirmed an extension to the Stamp Duty holiday in England and Northern Ireland. Rather than ending on 31 March, as originally announced, the nil-rate threshold for Stamp Duty will remain at £500,000 until 30 June. The extension means that buyers will save … Continue reading “Residential Property Review – March 2021”

Residential Property Review – February 2021

House price growth slows Several recent reports have confirmed that house price growth is slowing, but there are reasons to believe that the housing market will be more stable than last year. According to Knight Frank, the third lockdown and the imminent end of the Stamp Duty holiday have played a major part in delaying … Continue reading “Residential Property Review – February 2021”