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The newly announced First Homes scheme will offer qualifying first time buyers up to 50% discount on a new home.
When the chancellor announced the mortgage guarantee scheme in his March budget, we said we'd wait to see the details. Now we've got them, and it's not all roses. As well as throwing petrol on the property price fire, they're a really bad deal.
"UK stocks hit record high." reads the headline. The newspaper article goes on to say that the FTSE 100 passed 6880 shortly after the market opened today. What it didn't say was that for investors, the UK stock market has returned almost zero for over 20 years.
A slight softening in demand was expected with stamp duty relief ending on 31st March. That changed, of course, but the effect will probably not be seen for another month or two. Here are last month's numbers from Nationwide and Zoopla.
Hardly a week goes by without news of another famous retail chain scaling back or closing it's high street presence. In a post-Covid world, is more town and city centre housing the way forward?
22/3/2021
Strong 5 year price growth predictedSavills price forecast has been revised upwards in light of the measures announced in the recent budget and more positive expectations for the UK economy. Properties in the North, the North West and the Midlands are expected to see the greatest gains.
8/3/2021
UK property - Budget updateEstate agents, surveyors, mortgage lenders, conveyancers and 200,000 buyers will be offering the Chancellor a collective thank you. The pressure to complete an absurd number of house sales by 31st March is now off. There was also some good news for first time buyers, at least in the short term. A quick glance at the budget from a property perspective and a brief look forward.
With the Stamp Duty holiday coming to an end, January's small decline in house prices was expected to continue into the next month. Not so, as February reversed that decline and then some. The figures from Nationwide and Zoopla...
29/1/2021
Big surge in London pricesThe Land Registry's numbers may be slow to arrive, but they are the most accurate. When they say that prices shot up in November, it's because they really did.
A recent survey of international asset managers by law firm DLA Piper ranks the UK as their number one choice for European property investment investment in 2021.
30/12/2020
Property market round-up - December 2020House prices finished the year up 7.3% according to Nationwide, with their quarterly regional report showing the South East high in the rankings for the first time in years. Zoopla reports that demand in 2020 has been 40% higher than in 2019.
Despite the headwinds facing buy to let investors, the number of residential landlords has seen an almost 50% surge over the past 5 years. Why has the sector remained so attractive?
7/12/2020
Where to buy? Follow the hipster trail.Yes, those guys with beards, skinny leg jeans and bicycles are pointing the way to the newest property hotspots.
1/12/2020
Property market round-up - November 2020Property values continue to surge, now up to 6.5% year-on-year according to Nationwide Building Society. It is still the North, North West and the Midlands showing the greatest gains, with Nottingham and Manchester leading the way.
27/11/2020
What will drive property prices in 2021?Covid dominated all aspects of our lives in 2020, including the UK's property market. The response to it will shape the industry throughout 2021 and beyond.
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5/6/2021