Property news

Average homeowner could save £1,000 a year under council tax shake up, but London and South East to pay more

The latest research by Yopa has revealed that the average household across England could be set to save £1,000 per year should the government decide to scrap stamp duty and replace current council tax with an annual homeowners tax.

Yopa analysed* the current average annual council tax bill across every local authority in England, then modelled what an annual homeowner tax could look like using...

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New-build market outperforms existing by 17% in the last year

The latest research by Alliance Fund , the end to end real estate fund, has revealed that not only have new-build property values climbed by 23% in the last year, the sector has outperformed the existing property market by 17%.

Alliance Fund analysed the latest data released by the Land Registry, looking at the annual rate of house price growth seen across both the new-build and...

Estate agents reveal homeselling horrors

Homeselling horrors revealed - From insect infestations to Japanese Knotweed

Leading estate agent media provider, Giraffe360 , has revealed that 86% of UK estate agents would happily list a haunted house for sale, with a fifth also stating they would add a price premium when doing so. However, they also revealed the real life frights they’ve encountered most commonly when visiting homes across the nation.

The survey of over 500 UK estate agents asked if they...

Average buy-to-let portfolio rental return up 18% annually

Research from Ocasa , the specialist rental platform, has revealed that despite the Government’s best efforts to dampen buy-to-let profitability, the average landlord has not only increased the size of their portfolio on an annual basis, but is also enjoying a 18% increase in their estimated total rental income.

Ocasa analysed data on current gross rental incomes, the average number...

The home maintenance tasks that have climbed by £60 in cost over the last year

Research by property maintenance solution provider, Help me Fix , has revealed that as households continue to struggle with the ever increasing cost of living, some of the most common maintenance jobs have also climbed by as much as £60 in cost.

Help me Fix analysed the average cost of eight common household maintenance jobs, from painting to brickwork pointing, and how this cost has...

Rental market boom on the horizon as homebuyers continue to struggle with rising mortgage costs

The latest research by Alliance Fund , the end to end real estate fund, suggests that should the property market continue to stutter, the nation’s rental market could be in for a boom, as historic housing market trends show that a decline in property sales also leads to a boost to private rental market stock.

Alliance Fund analysed both the sales and rental markets during the...

These cities beat their commuter belts for property purchasing power

Research by estate and lettings agent, Barrows and Forrester , has revealed that when it comes to the house hunting quest for more space, homebuyers aren’t always better off buying outside of a major city when it comes to the bricks and mortar bang for buck on offer.

Barrows and Forrester analysed the current average size and cost of purchasing a property within 10 major cities...

Singapore nationals the supporting cast to Hong Kong homebuyer activity

Research by London lettings and estate agent, Benham and Reeves, has revealed that while the bonus of the BNO visa scheme has resulted in a high level of Hong Kong homebuyers making their way to the UK, it’s a supporting cast from Singapore that is also helping to drive market activity within the UK, with Singapore nationals sitting on a property portfolio to the tune of £5.8bn in London...

Industry reacts as property values cool in October

CEO of Alliance Fund, Iain Crawford, commented:

“The property market is still standing firm, but we’re now seeing concrete signs that the marathon period of double-digit price hikes spurred by the pandemic are coming to an end.

While this certainly doesn’t signal that a market collapse is on the horizon, the latest mortgage approval data From the Bank of England also shows...

Sunak stability could help boost house prices by 11.3%

The latest research by specialist property lending experts, Octane Capital , has revealed how the housing market could benefit to the tune of 11.3% where house prices are concerned, as a result of the greater stability brought on by the appointment of Rishi Sunak as prime minister.

Octane Capital analysed property market performance across the UK market going back as far as 1970 and...

Mortgage repayments hit highest point since 2010

The latest market analysis by mortgage experts, Revolution Brokers , reveals that homebuyers are now paying the most expensive monthly mortgage repayments since 2010, but that today’s costs still remain a long way off historic highs.

Official figures released by the Bank of England this week show that the number of mortgage approvals in the UK has dropped in the past month. And while...

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