Property news

Boost for first time buyers in Barnstaple

FUELLED by months of staying home and craving their own space, first time buyers in Barnstaple are stepping onto the property ladder with Help to Buy.

A number of those who’ve seized the early opportunity to reserve a new home at Pickards at Larkbear have been first time buyers.

They’ve been able to boost their buying power with the aid of a Government-backed equity loan under Help to...

Keep up-to-date with the latest property news in the UK.

Have we fallen out of love with flats since Grenfell?

Since the Grenfell disaster in June 2017 and the ongoing scandal around unsafe cladding that has followed, it’s perhaps understandable that many buyers within the market have remained cautious about living in flats.

The latest research by London lettings and estate agent, Benham and Reeves , has found that this caution has caused both price growth and transactions for flats to lag...

Britain’s home moving hotspots revealed

Where have we moved home the most?

Nearly 800,000 home moves have taken place in the last year, meaning 2.6% of Britain’s entire property market chose to up sticks and moved home despite numerous periods of lockdown restrictions and the wider ongoing problems caused by the pandemic.

The latest market insight by national estate agent, Keller Williams UK , analysed the number...

London is the worst city for WFH tenants

The ability to work from home has become a driving factor for renters around the world. But the latest research by international rental platform, Spotahome , has found that London presents the toughest challenge for tenants when it comes to finding a WFH suitable rental property.

Spotahome analysed data on the rental market across 14 major European cities looking at which...

Church of England property portfolio estimated at £10.3bn

871,000 people attend a Church of England service each week, although this has fallen from 975,300 since 2014 and will have no doubt dropped further due to lockdown restrictions.

The Church of England will have benefitted from some significant property price growth since its foundation in 1534 and the latest research by Yes Homebuyers estimates that across England, the CofE is...

Roderick Thomas Reveals Soaring Property Sales as Demand from Overseas Buyers Escalates

Somerset-based Roderick Thomas Estate Agents reported a continuing surge in sales since the start of the year, with demand from overseas buyers booming.

Roderick Thomas explained, “In the past week alone our Wells office has sold property to buyers from Hong Kong, Spain and the USA, had several further enquiries from the USA and also New Zealand.”

“We’ve seen a significant...

Home-buying plans on hold for 1 in 5 UK adults

7 in 10 would-be first-time buyers had to rethink their plans in 2020
10.5 million(1) UK people put house-buying plans on hold in 2020
People anticipate delaying their home-buying plans by 16 months on average
2 million people bought a home unexpectedly in 2020, but only 13% due to stamp duty break

Almost one in three UK adults...

Shoppers stay local, while households keep it casual

A third of UK adults made more purchases at local independent stores in 2020
A quarter of people spent less on grooming products in 2020
One in six UK adults cancelled a gym membership in 2020 – but one in 10 signed up for online fitness classes or subscription services
One in 10 households reduced the number of vehicles owned during 2020

UK savings soar yet £225bn remains in non-interest bearing deposits

Record £125bn added to saving reserves during lockdown1, average £5,000 per household
Interest rates remain at historically low levels2
Bank of England estimates £1.6tr in household cash deposits - £225bn in non-interest bearing deposits

The Bank of England’s Monetary Policy Report1 in February 2021 showed that “households have accumulated...

TRULY, MADLY, DUPED: A third of romance scams during pandemic

Research* by savings and retirement provider, Aviva, has found that more than one in ten (14%) people say they have been the victim of a romance scam. Just over a third (34%) of victims were targeted since March, during the height of the pandemic.

A romance scam is defined as sending money to someone the victim has met online and formed a relationship with but has never met in person...

Increasing the stamp duty threshold could benefit 86% permanently

The latest research by lettings and estate agent, Benham and Reeves , has highlighted how many homebuyers could benefit each year if the government were to permanently increase stamp duty tax thresholds and remove tax for purchases up to £350,000, £500,000 and £750,000.

There’s no denying that the current stamp duty holiday has helped rejuvenate homebuyer demand, with 85% of buyers...

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