property market
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Housing Market
Housing market activity buoyant in January
The New Year has proved to be a catalyst for house-hunters looking to buy or rent property, new data suggests. Moneypenny reports that there was a significant rise in the volume of calls to estate and letting agents to request property viewings in January. The telephone answering specialist reported that there was a 70.8 per cent increase in the volume of calls handled last month compared with December, while there was also a marked increase on the corresponding period last year when the average calls concerning viewing requests saw a 32.5 per cent spike. In particular, viewing requests for residential sales rose by 77.6 per cent and by 57.2 per cent for lettings. Samantha Jones, Moneypenny’s Commercial Manager – Corporate and Property, commented, “We typically see a rise in viewing requests in January, but this year we anticipated that figure would increase. With major advertising campaigns run by portals like Rightmove and Zoopla over the Christmas period, as well as the April 1st Stamp Duty deadline looming, there have been a number of factors that could have potentially acted as a catalyst for those looking to buy.” The sharp increase in activity witnessed by Moneypenny reflects recent figures from Rightmove…
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Housing Market
Prime London market peaks
Marc Da Silva discusses the complex prime central London housing market with the UK’s leading expert in residential property research.
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Housing Market
Britain’s housing stock worth £7.76 trillion
Britain’s 28.6 million homes grew in value by nearly £1.4 billion per day during 2015, says Zoopla research. Brentford and West Drayton are areas with largest increases in 2015 (24% and 17% respectively) Wales is the region with the lowest price gains over the past 12 months, at 2.2% Edinburgh, Bristol and Glasgow amongst top online property searches in 2015 Zoopla says that the country’s 28.6 million homes are now worth a combined £7.76 trillion (£7,764,650,690,201) — with the total residential stock value rising £519 billion (7.2%) over the past year. The average British property is now worth £290,827 and has risen in value by more than £20,000 (7.4%) on average in 2015 – marking a bigger increase year-on-year than 2014 (6.9%). Homeowners in London have seen the highest price growth in 2015 of any region, with an 11.8% annual uplift. The East of England follows closely with an 11.6% rise – up from 9.6% during 2014. However, property owners in Wales and Scotland saw the lowest growth in house prices in the last 12 months, with values rising just 2.2% and 2.7% respectively. Bodacious Brentford Brentford in Middlesex, Greater London finished the year with the greatest increase in property…
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Features
From property to politics
A dramatic career change has propelled Kevin Hollinrake into the spotlight. The founder of Hunters reflects on the current state of the property market.
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Features
Is there any value in a mansion tax?
It has been more or less been killed off by the Chancellor's new Stamp Duty regime - but did the mansion tax ever have much currentcy?
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