There are lots of icebergs bobbing about in the property ocean just at the moment, uncertainty is all around and as everyone knows, like all markets the property market hates uncertainty. We’ve got; The prospect of a new Prime Minister, a more certain Brexit date of the end of October with even the threat of crashing out. We have the prospects of a General Election […]
Buying a home is expensive, things can go wrong so I always recommend to clients that they consider Homebuyer Protection Insurance. 30% of agreed sales fall apart – gazumping for instance is making an unwelcome return. There are a range of benefits which you may find reassuring from £45. There are a number of providers but one of the easiest is via HomeOwners Alliance. If […]
One possible solution to the housing crisis? My comments on a scheme devised by a house builder in Essex that provides ‘Almshouses for the young’. Affordable rents for nice homes plus enforced saving towards a deposit. Something that Community Right To Build could help other communities to do – if they wanted to.
Sales agreed this week for two clients confirms that there is a market and that you can buy and sell if both parties want to. On Tuesday terms were agreed with Knight Frank in Cobham for the purchase of an off-market home that my clients had waited four months for. Agreed below the £2.35m asking price we’re now waiting for the bank to pull their […]
To Osterley to Sky News to update Stephen Dixon and Gillian Joseph on the housing market on what is usually the busiest weekend of the year for estate agents.
Since 2000 in London on average 10,300 properties have sold every month according to ONS data. In July 2002 18,000 sold. In Feb 2009 just 3,251. Last month (November) 6,800 changed hands. Meanwhile, across the whole country.. Since 2005 across the UK on average 86,000 properties have sold every month according to ONS. In June 2006 153,000 sold. In Jan 2009 just 33,000. Last month […]
Whilst there is considerable turmoil in Westminster & lots of talk in the press of people putting off buying or selling because of Brexit the past three months has been busy with new clients retaining me, properties to see, offers being made and deals being agreed. I’ve exchanged and completed on three bigger homes for example worth over £15m between them. Don’t get me wrong, […]
I called the data guru Neal Hudson to get some help looking at records of the 640,000 homes that were sold last year and that are so far registered with HM Land Registry. A third of those who sold had acquired their homes before 1995 when the Land Registry records were not public so what they paid for them is unknown. Of those who sold […]
First announced at the Tory party conference last September foreign buyers who speculate or just buy a property in the UK could be forced to pay a higher stamp duty rate of 1% under government proposals. Theresa May will launch a consultation this week on an extra level of tax for non-UK residents and companies who buy homes in Britain. As has been the case […]
Hugo Cox has written a piece in the Financial Times about the best ways to negotiate a deal when buying a house including suggestions from me and Property Vision. Buyers can bargain for a discount — no matter what their budget Securing big discounts on property is not only for the super-rich looking to swoop on a troubled market. Although the sale of mega mansions […]