Are you considering selling your home? It is possible to obtain a rough estimate of what your home may be worth online, however, the most accurate way to get a valuation is to contact a local estate agent. Let me explain how a property's value is calculated: The obvious - and perhaps most important - factors are as follows: LocationSizeLocal prices In addition, there are factors unique to your...
There is no industry that is immune to climate change, and it is a problem that each must adapt to. Property is one of the most prominent examples. A substantial proportion of the UK's carbon emissions is attributed to residential real estate, and this sector is increasingly subject to government regulations that will encourage a faster shift toward sustainability. A change in Energy Performance...
We are experiencing our strongest ever start to this season's home-selling market as the warm spring sunshine arrives in full force. This month, the average asking price of a home in Britain has risen to a new record high. As a result of the increasing demand for housing, prices continue to increase. At this time of year, Rightmove has never experienced such a huge gap between home-buyers and...
Landlord Today published an article this week. It cites statistics gathered by the National Residential Landlords Association, which show that the UK needs to build almost 230,000 new private rental homes per year to meet government housing targets. What are the factors behind this? Consider the following: By the middle of the decade, the government hopes to build 340,000 new homes in the...
In light of the recent publication of the Budget for 2021, what is the impact on property investors? The economy The economic recovery to pre-COVID levels is happening much faster than expected, according to Rishi Sunak. In addition, the unemployment rate is rapidly declining and employment is increasing. Clearly, this is an excellent development regarding less evictions, higher rents and...
According to the Home Tracks UK House Price Index for September 2021, the following trends have been observed: Record year for sales and prices - No cliff edge £473bn of new sales are expected in 2021, up £95bn from 2020. This is the strongest price and sales growth since 2007. The ongoing re-evaluation of housing, low mortgage rates, and the extended stamp duty holiday all contributed to...
In their August 2021 House Price Index Report, Home Track examines UK house price inflation, the limited impact of the tapered stamp duty holiday ending, and rapid market changes. Annual UK house price inflation at +6.1% Average house price rose by +1.2% in the three months to the end of August, taking the annual rate of price growth to +6.1%, up from 2.8% in August 2020. The average value of a...
Home-track has published its UK price index for the month of July and it appears there are three key themes. Annual UK House Price Inflation rises: The average house price increased by 1.4% in the three months to July, increasing the annual rate of house price growth by 6.0% from 2.3% in July 2020. Yet, this growth represents a slowdown compared to June, when there was an annual growth rate of...
If you are thinking of becoming a landlord and purchasing investment property, we have some tips for you to consider. Buy-to-let property investment is still profitable in 2021. Management of rental properties and taxes have been changed and made investing slightly more complicated. However, there are ways to adapt to these changes. And with a long-term strategy, investors can earn profitable incomes in...
Are you planning to invest in property to ensure a stable future by leveraging the full potential of the real estate market? If yes, investing in UK properties would probably be your best bet. Since the 1970s, property prices in the UK have been experiencing a steady growth despite the impacts of the earlier credit crunch, Brexit, and the recent pandemic. In the UK, house prices have seen a faster growth...