Category: property market news

10 years in the housing market

153 Dataloft 2020 a new decade 01 - 10 years in the housing market

Happy new year! A new decade has begun, an ideal time to look back at the housing market over the past 10 years.

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Tips to Sell your Home this Christmas

articleimage2 s1 c0 0 600 400 o600 400 e - Tips to Sell your Home this Christmas

There are some things that the British public simply cannot believe at this time of year; how cold it is, how dark it is and, above all, that it’s nearly Christmas. Nevertheless, Christmas is indeed upon us and if you are selling your home, or thinking of selling your home, you may be under the impression that it’s not the optimum time to bag a sale. Our top tips to sell your home at Christmas will show you that not only is it possible to sell your home during the festive season, it is a doddle.

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New Year New Home

articleimage5 s1 c73 0 453 302 o600 302 e - New Year New Home

There is often speculation as to when is the best time to sell your home. Sellers often wait for certain times in the year that may be construed to be better than others. If you feel like you are ready to sell, you should seek a valuation and consider whether it is the right time for you, as it may well be right now.

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House Prices Increase by 1.3%

articleimage6 s1 c0 0 600 400 o600 401 e - House Prices Increase by 1.3%

Data released by The Office for National Statistics states that house prices in the UK have, on average, increased by 1.3%; a strong position considering the political uncertainty sweeping the UK in 2019. Scotland, Wales and Northern Ireland saw an average of 3% with England averaging at 1%, with a quick comparison to last year showing an average price rise of £3,000.

Region, Region, Region
Regionally, the strongest locations continue to be across North of England with a predicted rise amongst the South of the country over the next few years. London is still slightly behind in terms of price growth but is predicted to catch up over the coming years.

The effects of Brexit
As the year ends, it is fair to conclude that Brexit has influenced the growth of house prices, even with this noted increase. August and September saw the same growth figures reducing further, but October saw those figures start to creep up slightly again with a 0.3% rise. This positive result and the outlook for the future of UK property seems to have been supported by current levels of employment and low borrowing costs for buyers. This appears to have offset the reduced confidence in the property market and should reinforce trust for the New Year.

New Homes surge
New build houses are rising at an accelerating rate compared to the existing housing stock. This can be down to them having better features and more amenities. The current property shortfall also contributes to this with newly built homes being in high demand resulting in a higher asking price. This trend currently leaves the average price of a new build property at £316,789, with existing homes currently sitting at £245,173 according to data provided by Zoopla.

Interestingly, homes located in leave voting areas have seen an average of 9.97% overall growth since 2016, with remain voting areas growing on average of 8.13%. However, this should be viewed as a coincidence instead of a direct correlation as many other local factors contribute to this. The position of both leave and remain areas shows another positive result for price growth over these last few uncertain years.

Election season

Even with the General Election, the market’s continued success is some good news to hold onto over the festive season. Christmas time is usually associated with a slight slowdown in the buying and selling process, but this year sees the market slowly aligning to others as a busy period. More valuations and home improvements from sellers shows that people are choosing to use their time at Christmas to take hold of a great opportunity and get their house on the market. It’s a solid place on the Good List this Christmas for the property sector this year!

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Beat the Christmas Rush!

152 Dataloft Advent 2019 01 1 - Beat the Christmas Rush!

The countdown to Christmas has officially begun! 2019 saw a ho-ho-host of festive addresses sold across England and Wales and here’s just a few!

If you’re seriously thinking about selling your property in 2020, we’d highly recommend bringing your property to market now in order to beat the post-Christmas rush!

Did you know…

Online property searches double over the Christmas and New Year period.

On average, there’s a 20% increase in people searching online for their next home. 

Over 1.7 million people visit Rightmove on Boxing Day, with 9.00 pm cited as last year’s prime property-surfing time.

Over 2.3 million people visit Rightmove on the 29th December.

Over 3.3 million people visit Rightmove on the first day of the New Year.

Don’t forget the last posting date for Christmas is Wednesday 18th December for second class and Friday 20th December for first.

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How to increase your kerb appeal

Kerb Appeal  - How to increase your kerb appeal

Making a good first impression is key when presenting your home for sale. Potential buyers and renters are always extra vigilant when it comes to viewing properties, from the front gate to the back garden, meaning it’s even more important to present your home in its best light from the off. But even if you’re not looking to sell up, there’s something to be said for sprucing up the front of your home. 

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STUDENT ACCOMMODATION – A NEW MORTGAGE MARKET?

132 Dataloft inform Editors pick 1 - STUDENT ACCOMMODATION – A NEW MORTGAGE MARKET?

Buy for Uni mortgages are now offered by three Building Societies. They allow students to buy a property while at university and pay the mortgage with the rent they charge other students.

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DO HOMEOWNERS AND LANDLORDS THINK TECHNOLOGY CAN HELP?

133 Dataloft inform Editors pick - DO HOMEOWNERS AND LANDLORDS THINK TECHNOLOGY CAN HELP?

The government has announced an initiative to use proptech (property technology) to “digitally transform house-buying”, helping to speed up how we build and sell homes. However, research by KMPG suggests just 58% of real estate companies have a digital strategy in place.

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welcome gareth!

Gareth - welcome gareth!

I would like you all to join me in welcoming the newest member to my team, Gareth Budge. Gareth joins us as a Professional Viewer and I am delighted to have him on board. Welcome to the team Gareth!

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