Latest Blog Posts

Market Update February 2017

Tuesday, 14th February 2017

Categories: Lettings Market Analysis Property Prices Sales Selling Tips
After a year of enormous change both politically and economically in 2016, we entered 2017 more certain about many things and less certain about others. The next few weeks will see the British Government trigger article 50 and commence the formal process of leaving the EU....

Charlotte Delph

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Market Update - October 2016

Thursday, 13th October 2016

Categories: Lettings Market Analysis Property Prices Sales
September was “back to school” month and I’m sure we have all noticed the increased traffic levels during the “school runs” at the start and end of the day. For many people it followed a property move that enabled them to access a particular school catchment area –one of the major factors in choosing a home. The property market was largely steady and is now settling into a more “normalised” pattern following the pre and immediate post Brexit furore. The real impact, if there is to be one, of Brexit is likely to be some three years away when our exit from Europe will actually takes place and it looks as though the market will conform to the usual drivers of supply and demand, affordability and availability of money in the interim.

Tony Ryan

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Market Update September 2016

Tuesday, 13th September 2016

Categories: Lettings Market Analysis Property Prices Sales
As we write, it is now some two months since the Brexit referendum result and whilst there remain more questions than answers as to what this means in the future, the immediate property market continues with those motivated to move still looking to do so and taking a positive medium to longer term view. A change of Prime Minister and turmoil in the official opposition has also left much of the political landscape in need of some clear direction.

Tony Ryan

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Market Update - July

Friday, 8th July 2016

Categories: Market Analysis Sales
Naturally this market update focuses on the historic European referendum vote on 23rd June when the UK voted to leave the European Union. The vote was close 52% to 48% with various geographic areas and demographic age groups being polarised towards the “in or out” decision. Irrespective, in a democratic vote, the UK people have, overall, decided to leave the EU. Everyone wants to know what this means for them, the UK economy, immigration, the housing market etc. and the reality is that, just a couple of weeks after the outcome of the vote, no-one can be completely clear on what the future holds. One thing is for certain though. Any uncertainty leading up to the vote is now behind us and, whilst there will remain some uncertainty going forward, the whole country, irrespective of individual views, now needs to unite behind the decision and make it work. Negative talk could easily undermine the fundamentals of our relatively strong and improving economy and inadvertently deepen any downsides and reduce the height of any upsides.

Tony Ryan

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Peter Barry June 2016 Newsletter

Thursday, 16th June 2016

Categories: Lettings Market Analysis Sales
Our monthly newsletter is ready to read now

Tony Ryan

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Market Update - June 2016

Thursday, 9th June 2016

Categories: Lettings Market Analysis Sales
The property market is currently showing some signs of uncertainty particularly as we lead up to, and await, the outcome of the European referendum on 23rd June, the outcome of which is being hotly debated at the moment across the media and social networks. Markets of all types dislike uncertainty and a certain amount of “sitting on hands” is currently being shown.

Tony Ryan

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Market Update - May

Wednesday, 4th May 2016

Categories: Lettings Market Analysis Sales
Spring is always a prime time for the property market with lighter evenings making viewings easier to undertake and gardens and outside spaces starting to look at their best. With many people looking ahead to school intakes in the autumn, the spring market is always a busy time. 2016 is proving no exception and, correctly priced and well marketed properties are attracting good interest from buyers keen to take advantage of continuing low mortgage interest rates and secure a loan ahead of any uncertainty that may be caused by the outcome of the European referendum in June.

Tony Ryan

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Market Update - April

Tuesday, 5th April 2016

Categories: Lettings Market Analysis Sales
April 1st is known as April Fool’s Day but it was no joke for those investors who were hoping to complete a purchase transaction and avoid the punitive 3% increase in stamp duty on second home purchases that has now come into effect. With Rightmove reporting that average asking prices now exceed £300,000 nationally this stamp duty change would add around £9000 to the cost of purchase. Fortunately most investors managed to complete their transactions in time with the help of conveyancers who undoubtedly worked long hours to ensure that their clients achieved their goals.

Tony Ryan

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Market Update - February

Friday, 12th February 2016

Categories: Market Analysis Property Prices
Activity levels since the turn of the New Year have been high with large volumes of buyer and tenant enquiries and numbers of potential sellers and landlords requesting valuations to assist them with their plans. Not all of this activity has yet turned into transactions with the biggest issue being a continued reluctance amongst many potential sellers to list their property before they find an alternate property to purchase.

Tony Ryan

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New Buy-to-let Stamp Duty Laws from April

Wednesday, 10th February 2016

Categories: Lettings Market Analysis Property Prices Sales
As buy-to-let landlords come to terms with the new Right to Rent legislation, they’ll also need to get their financial heads around the April changes to stamp duty laws. Chancellor George Osborne has introduced new stamp duty rates for purchases of second homes and buy-to-let properties. The new rates mean that each property value band will incur a rate increase of 3%, no small amount especially when margins for buy-to-let investments can rest on a percentage point or two.

Tony Ryan

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Cash in on Low Interest Rates

Wednesday, 6th January 2016

Categories: Market Analysis Property Prices Sales
Every time the Bank of England governor Mark Carney prepares to make his announcement about UK interest rates, we all wait with baited breath for the inevitable rise we foresee. However, the last six years have seen the interest rate remain at 0.5% and there is now a widely held belief that this will continue to be the case for another year. If you’re a homeowner with a fixed mortgage that is due to expire within the next 12 months, this is encouraging news. You have probably watched in dismay, as incredibly tempting deals have come onto the marketplace but you have been unable to take advantage. Plus, with the anticipated rise to a higher interest rate with your next fix, you would have looked on helplessly, knowing that you won’t be able to get the same rate when it’s your turn to fix.

Justin Burns

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2016 Property Predictions

Wednesday, 23rd December 2015

Categories: Market Analysis Property Prices Sales
No one has a crystal ball when it comes to predicting the property market over the coming year but it is possible to gauge opinion and look at the overall financial state of the country in order to try and suggest which way prices will swing over the next 12 months. There seems to a general opinion that prices will rise during 2016, although to a far lesser extent than they have in previous years. A poll by Reuters of economists revealed that the predicted average price rise for next year is 4.3%, while Halifax has forecast a price rise of between 4–6%. The Royal Institution of Chartered Surveyors (RICS) is also predicting a price rise similar to other experts, with the organisation suggesting that prices will rise, on average, 4.5% annually over the next five years.

Justin Burns

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