property transactions
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Resources
Big headlines slow sales
Designs On Property tracks and summarises the property indices. Kate Faulkner says, “Worrying headlines about huge job losses, coupled with little change to income versus inflation, people can be easily spooked and decide to ‘stay put’.
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Features
UK housing market: ‘A weird situation’
Weird - that's the view of Designs on Property's Kate Faulkner as she tracks the housing market exclusively for The Negotiator. Read on to find out why.
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Resources
Finger on the pulse of property prices in Q1.
Designs on Property tracks and summarises the property indices. Kate Faulkner says, “The agent who is able to reassure the seller that they know exactly what’s happening in their local market is the one who is likely to win the instruction.”
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Features
Feeling down: Spring market snapshot by Kate Faulkner
“Demand is down, transactions are down, selling prices are down. Agents will need to secure listings that buyers really want and get the deals through quickly.”
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Features
Annual growth settles in single figures
Designs on Property tracks and summarises the monthly property indices.
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Features
Incentivise investors to build!
Designs on Property tracks and summarises the monthly property indices. Kate Faulkner says, “Imagine if 10 per cent of landlords decided to build, with the help of local agents, surveyors and builders. That would be 200,000 homes and a massive investment into the UK economy.”
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Latest property news
Property sales rising across UK, helped by London
Estate agency chain Your Move says the number of property sales during November increased by 4% year-on-year and that the average price in the UK is £300,859, an increase of 0.9% year-on-year. The company says London has seen some of the most dramatic increases in transactions. Within the two most expensive boroughs of the capital property sales have increased by 28% on average recently (Westminster, Camden) and by 23% within Kensington and Chelsea. “It seems momentum is returning to sales in prime central London,” the company says. Its monthly report on the housing market, which is produced by Cambridge University Economics Fellow Dr Stephen Satchell, also reveals an improving overall picture for the market – the first time the dials have begun to twitch upwards since the EU Referendum vote. The improvement in transaction levels and house prices is being driven by what it calls an “easing” of the problems within the London property market, which has helped drag the rest of the UK’s results downwards in recent months. New Year property sales Your Move,which is owned by corporate giant LSL, also says the company is positive about the New Year because the Chancellor’s recent Stamp Duty and Help to…
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Features
Time to talk the talk!
Designs on Property tracks and summarises the monthly property indices. Kate Faulkner says, It’s time for estate agents to really engage with their local community – people won’t be walking through the door as much, so it’s time to go out and give helpful advice.
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Latest property news
Is this the wiggle room Hammond needs? Property transactions rise by 9.2%, says HMRC
The number of residential property transactions during October increased by 9.2% year-on-year, according to the latest figures from HMRC. Last month 105,260 residential properties were sold above the value of £40,000 in the UK which, as well as being substantially higher than October last year, is 1.7% higher than September. But the market in England has some way to go before it attains the heady heights of the pre-financial crash years during which transactions reached over 130,000 a month. “The uptick in property transactions demonstrates the underlying stability of the sector, and is a positive message to the market ahead of Wednesday’s Budget, which is expected to be largely housing focussed,” says Stephen Wasserman, Managing Director of West One Loans (pictured, left). “It will take some time for the market to fully recover from the upheaval of stamp duty hikes and economic uncertainty caused by Brexit negotiations, but if Hammond scraps stamp duty for first-time buyers, as it’s rumoured he may do so, we could see the market grow at a faster rate.” These latest HMRC figures come just a month after it revealed that its revenues from Stamp Duty levied on residential properties increased by 10% to £11.76 billion…
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Features
What happened to the traditional Autumn price ‘bounce’?
Designs on Property tracks and summarises the monthly property indices. Kate Faulkner says, “Hold on to your hats! The Autumn ‘bounce’ has not happened this year and is unlikely to do so now, but if demand falls, supply may as well, blowing a chilly wind through the market.”
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