Henry Pryor

Cash buyers

Cash buyers

The Nationwide published their month house price update but included some really interesting data on ‘cash’ buyers – those presumably that the Nationwide doesn’t count as customers or include in their housing data. What is important to note is just how many people are now buying a property without a mortgage. The implications are important – it means Government has less control over the market […]

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February market update

February market update

The Times published a pretty scary front page over the weekend and whilst many sellers will argue with the sentiment there is some evidence to substantiate their concerns. An industry update from estate agents last month suggested that the average office had 41 homes for sale but sold just 6. Not impressive when you consider that they were reported to have 390 buyers registered. The […]

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A question of tenure

A question of tenure

I’ve mentioned this in the past but there’s a ticking time bomb and it’s getting louder. In our rush to build more and subsequently to buy new houses developers are often offering just a ‘leasehold’ rather than the ‘freehold’ interest in the new home, something that in some cases may be a problem for todays buyers when they come to sell in due course. There are some good […]

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Market numbers

Market numbers

If you search Rightmove today for £1m plus homes in London there are over 12,000 listing. According the the latest update from The Land Registry last month there were 365 sold. The total will climb as completions are registered but it does illustrate the importance of sellers getting a good agent to help them find a buyer and to buyers of just how keen agents […]

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The gap between average asking & sold prices

The gap between average asking & sold prices

The latest ONS/Land Registry data has been published showing us what has happened to ‘deal’ prices across the UK and giving us our first real data on the market ‘post-Referendum’ with transaction volumes for September – deals that would have been agreed in July following the vote on 23rd June. We also had asking price data from Rightmove so we can see the gap between […]

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How to make an offer they can’t refuse.

How to make an offer they can’t refuse.

It would be a crime if this fantastic article in the ‘Ham & High’ should be restricted to just north London when it could be helpful to buyers everywhere so with a link to the original piece I thought I would share my ramblings on how to make an offer that the papers superb property editor Prudence Ivey has taken and turned them into an indispensable guide […]

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Rightmove reports on asking prices

Rightmove reports on asking prices

The first of this years monthly housing reports and Rightmove kick off with their figures for average ASKING prices. This is my summary;-

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House prices are slipping

House prices are slipping

Each month we get updates on the state of the housing market. This morning we get to see what’s happening to asking prices from Rightmove who report that in some areas they are slipping back. As always, there are wide variations but it can be helpful to watch the national trend. The asking price is either an indication of the sellers greed or the agents enthusiasm […]

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Crystal balls!

Crystal balls!

It’s that time of year again when people who should know better challenge for the Roger Bootle house price prediction cup and set themselves up for a fall in 12 months time. Last year I predicted sales of 1.2m (which looks like it will be about right) and house price growth of 2%. It is a struggle to find an index that would support this […]

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Property experts

Property experts

Whether you share Michael Gove’s suspicions of ‘experts’ the housing market and wider property industry is a complicated and often confusing place and it can be very helpful to have a professional guide to help interpret and understand what might be going on and where things may be heading. Broadcasters, journalists, content editors, blogs & brands are always looking for the best & the most authoritative and […]

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