Price moderation and a sales slowdown are likely over the coming months but should be considered in the context of economic history, the frenzied post-pandemic market and the longer-term outlook. The Autumn Statement provided a sobering assessment of the UK economy, but forecasts for the housing market are less dramatic than during 1989-1993 and the Global Financial Crisis in 2007. Inflation is expected...
London
It is possible to sell a property with its current tenants to a new landlord or investor. The marketing of your property should let potential buyers know that the tenants will remain, and once the sale is completed, they will start making their rental payments to the new buyer. You can also choose to terminate the tenancy and sell the property vacant. The amount of notice you will need to give will depend...
The UK has such a rich and varied heritage, so it comes as no surprise that spooky stories and ghost sightings are endless. To get you in the Halloween spirit, we’ve found the UK’s most chilling towns, streets and villages, along with a bit of background about the strange findings associated with each daring destination. Grab your pinch of salt and let’s explore some of the UK’s spookiest...
On Friday 14th October, The Guild of Property Professionals walked away with the coveted ESTAS award for The Best Agency Network as rated by home movers across the UK, based on the average ratings achieved by all participating Guild agents using the ESTAS review platform. Iain McKenzie, CEO of The Guild of Property Professionals, said: “We are elated to have once again received this award,...
UK house price growth flatlined in September with a stronger slowdown expected in the coming months as a combination of soaring inflation and mortgage rates makes moving unaffordable for many. The latest snapshot from the building society Nationwide comes at the end of a torrid week for the housing industry as lenders pulled 40% of available mortgages from the market after Kwasi Kwarteng’s mini-budget...
Over 100,000 sales have taken place each month to date in 2022, according to the Bank of England; a feat achieved only twice in the last fifteen years (2014 and 2017). While demand remains higher than pre-pandemic times, mortgage approvals–considered a forerunner for demand–have eased back in recent months. The Bank of England reports that 63,770 mortgages were approved in July, a 5% fall on the...
London house prices have risen 2.1 per cent in the last month, the biggest monthly increase of any UK region, according to new Rightmove research based on asking prices. Annually, this means that the capital has seen a 6.9 per cent rise in the value of its homes to an average of £682,499. This is despite the dual economic pressures of higher interest rates making mortgage borrowing more...
The changing of seasons tends to bring around a renewed mindset and a desire for a change of scenery. If the weather cooling down has you thinking about kicking back and cosying up in a new living room, there’s no need to wait as autumn could be one of the best seasons to start the search for your new home. Save money As summer comes to an end, house prices tend to slowly cool down...