As demand soars and supply remains tight, the average price of a property coming to market in England and Wales passes £300,000 for the first time Challenges facing both first-time buyers and those trading up highlighted by 50% increase in just 10 years: £100,000 jump in new seller asking prices from £200,980 in March 2006, to £303,190 today Affordability constraints emphasised by average wage growth of only 22%1 over last 10 years 3% price jump in March (+£3,903) is second-highest at this time of year since the 2008 credit crunch Momentum spreads north and west with six out of ten regions setting record price highs this month London no longer leads the pack as prices stand still The mismatch between supply and demand has resulted in six new record highs over the past twelve months in the price of property coming to market. However, this month sees a...
Rightmove’s January House Price Index revealed that the price of property coming to market is up 0.5% (+£1,509), the second highest Christmas/New Year period rise since 2007.
Making life Simple This is a very useful checklist produced by Glide, the utilities and service provider for student households, has developed its 2015 recommendations for the best apps on the market that simplify life for landlords. Legal 4 Available for free on iPhone One of the first apps purpose-made for landlords, Legal 4 provides a background check on potential tenants and discover if they have previously been evicted or blacklisted. The searchable database is extensive and is a must have for landlords. TIM Available for free on Android & iPhone TIM has a repertoire of functions centred on taking inventories. The intuitive app allows you to complete inventories clearly and quickly across a number of properties, generating professional reports that can be accessed online and centralised on your desktop. Available free of charge on iPhone and Android it’s a great way for your tenants to provide you with that...
Rightmove’s June House Price Index reported that the price of property coming to market rebounds to all-time high as majority-government surprise leads to biggest ever rise in month of June, up 3.0% (+£8,460) to £294,351 Our infographic provides a breakdown of how prices are performing across each region and property type.
The internet, more than any other innovation that has taken place over the past twenty years, has utterly transformed our lives, but increasingly, as file sizes increase, computers become more complex and the ways in which we watch become ever more advanced and intricate, the need for an utterly speedy internet connection has taken precedence. Finding the best internet speed is all well and good if youre settled in a home, however if youre looking for a house it can be somewhat scary knowing that your chosen home might simply have a terrible connection. Having a good connection is an imperative for a vast number of reasons. If you operate a business or work from home, having a fast, reliable connection or not could mean the difference between success and failure. Slightly less importantly, given that the majority of our entertainments are now conducted over the net, whether it be...
Rightmove’s May House Price Index reported a pre-election drop of 0.1% (-£242) on price of property coming to market, the first fall in May since the last general election in 2010 and a big contrast with May 2014’s +2.1% increase.
Rightmove’s March House Price Index reported that the price of property coming to market is up by 1.0% (+£2,748), a more muted rise at this time of year for three years suggesting a pre-election slowdown.
Buy-to-let investors cashing in their pension pots to raise larger deposits may drive prices up further at the low end of the market - agents are reporting uplift in interest ahead of new pension rules
Prices and activity both cooled in the second half of 2014, though there are signs of a New Year bounce-back. More people are looking for property than last year, more sellers are putting their property up for sale, and new seller asking prices have increased this month by 1.4% (+£3,798) at a time of year when there are usually price falls. However, Rightmove cautions that sellers will not have it all their own way in the year ahead in spite of the bullish tone set by these early indicators.
Rightmove forecast for 2015: price of property coming to market to rise by between 4% and 5%, with upwards price pressure driven by:
Rightmove’s November House Price Index reported the price of property coming to market is up by 2.6% (+£6,784) this month, though annual rate drops from 7.9% to 7.6% as pace of rises slows.
We had a great webinar with James Davis of uPad last week. If you missed it, dont worry we have the recording for you. We received great feedback from the webinar and will certainly be repeating it.
Rightmove’s October House Price Index reported the price of property coming to market is up by 2.6% (+£6,784) this month, though annual rate drops from 7.9% to 7.6% as pace of rises slows.
The price of property coming to market this month has increased by 2.6% (+£6,784) continuing the usual October trend of a substantial uplift in new sellers’ price expectations. While this is the lowest rise at this time of year for six years, sellers may still find that their asking prices are too optimistic in parts of the country where the supply of property exceeds buyer demand.
According to RightMove and Oxford Economics average house prices in England and Wales are set to rise by 30% in the next 5 years. It states that London prices are set to rise by 33%, but the South East is set to rise by 39% by 2019! Despite being the slowest riser, the North West will still increase by 24%.