Property industry reacts to fifth consecutive rates increase
The Bank of England has made the decision to increase interest rates for the fifth consecutive time.
Michael Bruce, CEO and Founder of Boomin, says:
“A fifth consecutive interest rate increase will come as a real concern for many homebuyers. Having seen house prices spiral over the last two years, they are now...
The UK property market is currently riding a wave of potential buyers who need a change of scenery post lockdown, with house prices booming to a 10-year high and the average house price up 12% in a year to £286k*. However, the looming threat of the cost-of-living crisis, deepened by the spike in inflation and rising interest rates, is creating a sense of urgency in the market, with some...
Stipendium, the platform that simplifies life’s complex events , has revealed that while house prices continue to climb to record highs, homebuyers struggling to save are being hit hardest by the increase in household living costs, when it comes to the annual change of both energy and fuel.
House prices continue to climb and the latest Land Registry data on sold prices shows they’ve...
Research from the team behind the Property Investor Show reveals that despite a bumper year for stock markets in 2021, the buoyant UK property market still managed to beat it on growth.
According to the Government’s Housing Market Index prices across the United Kingdom rose by 10.8% in the last twelve months whereas the FTSE 100 index of leading shares saw an uplift of 9.6%. And so...
Estate agent comparison site, GetAgent.co.uk has revealed that while homeowners remain confident that house prices will remain high and their monthly mortgage payments are unlikely to climb in 2022, the costs associated with running their home and the wider cost of living are a concern for the vast majority, with 48% already stretched or struggling to cover their monthly outgoings.
The latest property market analysis by London lettings and estate agent, Benham and Reeves , has revealed the full extent of how the stamp duty holiday impacted the capital’s property market, saving London homebuyers over £1bn since it first launched at the start of July last year.
Last week, the government released its latest house price index providing the first concrete view of...
Nearly half of homeowners in England and Wales could access more funds from property wealth than the average pension pot
Homeowners in 53% of areas in England & Wales could be able to access more from the value of their home than is saved in the average pension pot (£61,930)
In March 2021, homeowners in England and Wales could release on average £72,988 worth of equity
A Home Alone house could see you sell for 123% more
Research by MoveStreets, the property portal designed for the mobile generation, has revealed how much more homebuyers are willing to pay for a Home Alone house in the current market.
Of course, they don’t mean a house fit with Kevin McCallister as an additional house guest, but the style of the home itself. Georgian style homes...
The latest property market analysis by London lettings and estate agent, Benham and Reeves , has revealed that staging your home during the selling process could boost your sale price by as much as £47,000.
Staging is generally considered to be an American property market import, but it really just requires a few finishing touches in addition to the work we already put in before...
