Rental price growth is anticipated to outpace sales price growth in the UK market over the next five years.Source: Dataloft, poll of subscribers March 2023
Mid-March marks the start of spring, long acknowledged as the best time to sell your home.
Since 2011, there has been a 6% rise in households and a noticeable change in their composition and size in England and Wales.
With price sensitivity increasingly evident in the property market, understanding local market conditions and pricing realistically are essential to achieve a sale. Zoopla report that while 59% of listings in February had no price reduction, four in ten did.
Nearly 200,000 new build homes were registered in the UK in 2022, the highest number since 2007 and up 26% on 2021, according to the latest statistics produced by the NHBC. Registrations increased in all regions of England and Wales.
As part of their Net Zero Review, the government is proposing that all homes sold will need to have an Energy Performance Certificate rating of 'C' by 2033.
Across the mortgage market product choice is increasing. According to Moneyfacts there are more than 4,300 different deals available. This is the first time since August 2022 that product choice has risen above 4,000.
Zoopla House Price Index February 2023
The 2021 census reports that just over 1 million more households live in accommodation classed as being under occupied than in 2011. This is 69% of households.
During the colder months, we are battening down the hatches against the wintery chill, closing all our doors and windows tight and trying to keep warm air in. The cost of living crisis and rising energy bills have led many of us to take the matter into our own hands, trying to improve the efficiency of our homes by adding insulation into the loft spaces or wall cavities.
Buying a new property to live in is an enormous decision. Even so, we will likely spend more time deciding to buy a new sofa or car than a new home. The average property viewing takes just 20 minutes, and the average buyer will view a property only 2 or 3 times before completing the sale and moving in. With such minimal time in a property before agreeing to purchase, these viewing appointments are critical - check out these top tips to make sure you don't miss anything!
If you are considering selling your property, you're most likely hoping that the valuations will come in high. Make sure that you get the highest valuation possible with these tips.