Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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True cost of Phil and Kirsty’s ‘love it’ TV property advice: £54,000
Phil and Kirsty are so enshrined in TV property mania they don’t even need surnames, but do estate agents make enough use of the dynamic duo’s advice? If not, perhaps they should – even if it’s ‘just a refresher’. With, hopefully, a less anxious, more lively property sales market – 2020 should be a great year – if you have the vision… So here’s some food for thought, inspired by ‘Love it or list it?’ and kindly supplied by www.insulationexpress.co.uk. After watching series 1-4 of the TV show, they uncovered that the average Love It or List It home renovation costs £54,111. And the programme has also proved that many potential buyers see a home and immediately ‘see’ the potential problems. However, the smart agent has suggestions for a solution to practically anything, but this is a launchpad for your own list of potential issues and solutions. Problem Solution Notes A lack of space Add a loft conversion or an extension to the house. Or if you’re on more of a budget, changing the layout of your home i.e. switching the kitchen and the living room. 64% of ‘participants claimed a ‘lack of space’ was their main reason for wanting to…
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Online estate agents take 10% of market for first time within sub-£200k sector
Research by TwentyCI suggests online estate agents are gaining traction among budget home movers and particularly in the NW, West Midlands and Yorkshire.
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Should agents drop their fees to compete with online and hybrid agents?
Question is asked by estate agent Ben Moore after he turns down instructions from two vendors after they asked that he match low fixed fee competitors.
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Two thirds of renters want to own their home, new research shows
Property firm Engen Group says its research reveals the level of pent-up demand among renters and those still living with their parents.
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2010s were weakest for house price growth since 1990s
Research by the Nationwide reveals how Brexit, Stamp Duty and tighter lending criteria applied the brakes to price rises.
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Budget announced for March 11th but will Javid deliver on stamp duty?
Chancellor of the Exchequer says he wants to deliver on election tax promises, which included removing duty on sales under £500k.
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Property predictions: will 2020 be a ‘Boris bounce’ year?
2020 is starting with bags of optimism following the General Election. But does it point to a 'turning point' year for property?
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London property market is at a ‘turning point’ claims Savills
Estate agency claims its data point to rising house prices and confidence during the final three months of the year.
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Student renters happier in purpose-built accommodation, says new report
Report reveals how students who can afford 'PBSA' accommodation during their first year then find it harder to enter the often shabbier traditional market.
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Bank of England reveals difficult three months for property market
The industry will be hoping that the latest report by the bank's agents around the country will be the last of its kind for a while ahead of a post-election bounce.
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