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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A Royal Property Overview

Thursday, 21st April 2016

Categories: Miscellaneous Property Prices Sales
The Queen (and the country) celebrates her 90th birthday today, 21st April. During the period since her birth in 1926 the UK has undergone incredible changes, not least in terms of property. From the rollercoaster ups and downs of interest rates, to the meteoric rise of purchase prices, the last 90 years have changed the way we buy, sell, view and finance our properties.

Tony Ryan

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Tax changes for UK residential property investors

Thursday, 17th March 2016

Categories: Lettings Property Prices Sales
April 2016 sees changes to UK tax rules that will affect UK residential landlords and property investors. These changes follow the changes in Capital Gains Tax rules that came into force for non-resident UK property owners in April last year and will be followed by changes to tax relief on buy-to-let mortgages from April 2017. Landlords need to fully understand these changes as they will affect the costs of acquisition and of borrowing to invest and therefore need to be taken into account when calculating investment returns (yield).

Charlotte Delph

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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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New Year, New Home

Tuesday, 8th December 2015

Categories: Market Analysis Property Prices Sales
Most people use the Christmas break to catch up with family and friends, overdose on seasonal television and overdo the food and drink. However, eager house hunters put their festive free time to more productive use by keeping a keen eye on online house activity. There is a huge spike in online house searches between Christmas and New Year – a time when people traditionally have time off together, with nothing more planned than working through box sets and Christmas dinner leftovers.

Justin Burns

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Shortage of Residential Property

Wednesday, 18th November 2015

Categories: Lettings Market Analysis Property Prices Sales
It’s no secret that London is experiencing a property shortage. With a rising population living in a finite amount of space there’s always going to be pressure placed on the capital to match supply with demand. And although the boundaries of Greater London have constantly shifted over the decades to accommodate its swelling population, people will always want – and need – to be located centrally for work.

Justin Burns

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Let to buy

Thursday, 15th October 2015

Categories: Lettings Property Prices Selling Tips
The term buy-to-let is well known among all parties involved in property – from serious investors and opportunistic purchasers, to estate agents, banks and conveyancers. However, there’s another sector of the market that is appearing on an increasing number of radar, and that’s let to buy.

Justin Burns

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