he stock of Build to Rent (BTR) homes in the UK is forecast to increase five-fold over the next 10 years from 76,800 today, to 380,000 in 2032, according to the British Property Federation (BPF).
Just 11% of sellers include ‘lowest fee’ in their top five reasons for choosing their agent, and only 6% of vendors choose their agent solely for this reason.
The attention focused on energy bills and the cost of living crisis might be influencing more people to consider buying a new home.
As widely reported, the Chancellor's mini-budget spooked markets and resulted in the value of the pound sliding and interest rate expectations jumping up.
84% of home movers seek financial advice at some point during the buying process. The majority (64%) do this prior to purchasing.
A survey of over 10,000 home movers by Property Academy in June 2022 has revealed that having space to work from home has increased in importance as a property requirement over the last few years.
Stamp Duty has been abolished on the first £250,000 of any property purchase, (up from £125,000), making an immediate saving of up to £2,500 for home buyers. Close to half (47%) of all sales in England over the past year were under £250,000.
In the September meeting, the Bank of England increased its bank rate to 2.25%. Its seventh consecutive rise and again increasing the rate by a significant amount (+0.5 percentage points).
If you haven't ever bought a home of your own, it can seem like a very mysterious process. What are you supposed to do? And in what order? How do you know if you can buy a property or not? It's like a big secret. So, in this article, we will shed some light on the process and show how you go about buying your own home.
There's not much more catastrophic than losing your family home. Whether a natural disaster, flooding or a fire, there is never an occasion where this will be 'ok'. - of course, providing that your family are safe and well, it can be heartbreaking to see your home and all your belongings disappear before your eyes.
Looking at estate agents' office windows or their websites, you may have noticed that they proudly state their membership in various governing bodies. But, they often don't explain those governing bodies or why you, as the customer, should care.
For many of us, it's a goal in life to own our own home. But that is not how the Millennials and Gen Z do it. There is far less convention and structure in the path of life for these younger generations. So is it imperative to get on the housing ladder? Why are there so many ladders that we must climb to be successful in life?