How is your home valued? If you are looking to sell or let out your property and have contacted estate agents, chances are the first thing you are offered is a full property valuation. But how do agents determine the price of your property?The main aspects used to determine the price are the location, the size and comparable local prices. These however, are not the only aspects and there will be other...
House prices have continued to soar across the UK with the average property price now sitting at £261,743. The month of May saw a huge increase of 1.3%, with an overall rise of 9.5% when compared to the same month in 2020. These figures average at a year-on-year price increase of £22,000 and £3,000 for the month of May alone. The housing market is now at its strongest position since August 2014 and...
The eviction ban is ending During the pandemic, the government implemented emergency measures to help tenants who may be struggling to pay rent or keep their home while the country was in such an uncertain state. The measures in place included a minimum 6-month notice period for landlords and a ban on evictions. The government has now announced that these measures are easing and the minimum notice that a...
What are the current Rules surrounding stamp Duty? When the coronavirus pandemic first hit in early 2020, the chancellor announced the 'Stamp Duty Holiday' to encourage people to continue purchasing property during the uncertain time. This went down very well with house buyers and the market continued to boom throughout. After nearly a full year of savings, the Stamp Duty holiday was due to end in March...
Housing Portal Zoopla has released their quarterly rental market report which has shown that houses in the UK are being reserved on average 30% faster than this time last year. These figures equate to an average of nearly a week (6 days) and this shortening period has been seen across all cities. The situation with flats however remains similar to this time last year, with just 2% faster timescales. They...