Rush in rental properties driven by stamp duty

The rental properties peaked more than 20% in the last week before the stamp duty surcharge was introduced, according to new figures. The data covers more than 90 UK towns and cities and shows buy to let investment in recent weeks. Of the major cities, London saw new rental property listings up 19.4% between 28 March and Read More

Increase in activity as property prices in Prime London falls

Transactions in prime central London started to rise up in March due to reducing asking prices and the buy to let stamp duty surcharge. According to Knight Frank’s research, the prime London is showing signs of springtime drive, as buyers mark better value in the market. Transaction volumes rose in March compared to last year, Read More

First time buyers grows over 7%

The number of people buying their first home has grown almost 7% over the past year despite growing concerns over affordability. The total monthly volume of first time buyer transactions were above 21,000 in February, up 6.6% year on year. Adrian Gill, director of estate agents Your Move and Reeds Rains, says: “February is traditionally a quiet Read More

Buy to let landlords rushing housing market

Buy to let landlords are rushing the housing market as estate agents report an increase in the numbers trying to push sales through before stamp duty deadline. The arrival drove demand for property to a 12 year high in February, while sales to first time buyers has dropped to 5%. According to National Association of Estate Agents’ Read More

Property prices in UK increased 7.9 pc year on year

UK house prices continue to hasten increasing by 7.9% in the year to January, up from 6.7% in December taking the average price to £292,000, according to recent reports. Prices were driven by 8.6% annual growth in England, leading by the South-East at 11.7%, London at 10.8% and the East England at 9.8%. Excluding London Read More