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...
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...
The UK’s biggest property portal ‘Rightmove’ have weighed in with their opinions on the 2021 Housing Market, predicting a 4% rise next year. Experts have been divided on how the market will go in the coming 12 months, with 2020 seeing an incredible 7% rise in prices despite the coronavirus pandemic. The Stamp Duty Holiday has undoubtedly contributed to this rise, with prices and sales soaring as...