Archive for September, 2016

First home prices rise to record high

First home prices rise to record high

According to the latest report from estate agent Your Move & Reeds Rains, first-time buyers are paying record amounts for their first home purchase, despite the market’s weakening in anticipation of the EU referendum.

The report shows that average first-time buyer house price increased by more than £23,000 in the last twelve months, making current average prices the highest ever recorded. May saw a 15% year on year increase in average house price for first-time buyers to £173,282, from £149,645 ...

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Understanding Property Valuation

Understanding Property Valuation

If you are selling your property, getting to estimate its worth can be quite complex and confusing. However, the truth is that property valuation is a concept that is easy to understand what property valuation entails and why it is important to both the buyer and the seller.

For starters, property valuation is a general assessment of a property to determine its monetary worth. Thus, the valuation figure is arrived at after taking into account various assumptions, factors that have an ...

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Hidden Factors That Can Affect House Prices

Hidden Factors That Can Affect House Prices

There are a number of clear factors that determine house prices, such as age, size and location. However, there are also hidden factors that may affect the value of your house, which aren’t as obvious.

Using free tools available online, such as Rightmove’s House Price Index and Zoopla’s House Price Estimator, you can track fluctuations in the housing market in your local area. This will give you a good indication of how prices are changing locally, but should only ...

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Does the future of the UK’s rental market lie in the hands of the Build-to-Rent sector?

Does the future of the UK’s rental market lie in the hands of the Build-to-Rent sector?

As the UK government addresses the housing crisis, there have been calls for the current state of the rental sector to be addressed.

According to ResPublica, in 2015, the private rental sector (PRS) accounted for 22% of all UK households.

This number is expected to grow, with the experts at PwC predicting that around 59% of 24 to 30 year olds in England will rent private accommodation by 2025.

The cutting shortage of housing in the UK is very clear.

Since 2004, house building ...

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