Frustrated Marco Nardi has had to reduce his asking price for his Kensington home by £1m. What does this mean for the wider market asks the lovely Shari Vahl on You & Yours and for those renting too? Marco’s home was on the market first with Chesterton at £4.75m but is now being offered for sale by Knight Frank.
People often under-estimate just how important a good property conveyancer is to the house moving process. I’ve worked with hundreds over the years and whilst there are many who I would recommend (like Messrs Waugh & Cº) that you should steer clear of the following individuals have done sterling work for clients in the past and I would heartily recommend them. Just like agents some […]
A mortgage broker and a top financial planner can make or break a deal and whilst there seem to be more than half that are ‘below average’ there are surprisingly few that I have had first hand experience of and can heartily recommend. I beg you NEVER to use a mortgage advisor that an estate agency or developer has in-house, the potential conflicts are just […]
There’s been a lot of talk this past week of the third of all homes on the market that have had their asking price reduced at least once. Reading apparently is where this is happening the most and on the big website Zoopla you can see evidence of these reductions displayed for all to see. I maintain that the asking price is usually just an indication […]
I frequently remind people that there are no rules or laws covering what you can ask for a property. I tend to assume that what I see quoted is either an indication of the greed of the owners or a demonstration of the agents enthusiasm to get the job. A guide price isn’t a “if you offer me this then I’ll sell it” figure, it […]
After much hard work and pressure from the likes of Sebastian o’Kelly and others the scandal of leasehold houses and the abuse of the system has caught the public attention. Speeches by Peter Bottomley in the House of Commons and newspaper articles have all shown the worst excesses and there have been a lot of case studies that have come forward to highlight the issue. […]
It was a slow New Year when the FT filled a valuable space on page 3 with my musings on the state of the market that led to my first interview in January 2007 on the Today program. Through the Credit Crunch, the coalition Government, three General Elections, Autumn Statements, Budgets, changes to tax, the introduction of Help to Buy I’ve been invited to comment […]
Every month we get data from various organisations about the health of the housing market, on asking prices from Rightmove, from the ONS on sale prices, both the Halifax and Nationwide give a lenders perspective and we get data on mortgage advances from the Bank of England and the Council of Mortgage Lenders. We also get what I would describe as a ‘sentiment’ survey from […]
You may have read headlines warning that the changes to Stamp Duty in England and Wales would knacker the market and that we could expect to see a fall in SDLT revenue to the Exchequer. Headlines last year mirrored comments made on the Today program last December which I challenged at the time. HMRC has now published the latest quarterly statistics and the talk of […]
The latest statistics have been published by Rightmove, Land Registry, Hometrack and HMRC but what do they tell us about the state of the market and where next for house prices and for transaction volumes? It’s half time in the 2017 housing market, how have we coped with the Referendum, with the snap Election and what does the future hold?