The housing market in England and Wales is displaying signs of stabilising, according to analysis of web traffic from property advice website Property Price Advice.
Valuation requests on the website have broadly returned to their four-year average, representing a significant fall from the immediate post-lockdown spike.
Property rebound predicted to continue as buyers rush to complete before stamp duty holiday ends. More than 100,000 additional house sales are expected during the first three months of 2021, as the rebound in the property market continues and buyers rush to complete their purchases before the end of the stamp duty holiday. The number of new sales being agreed remains 38% higher than it was a year ago, according to property website Zoopla. It predicts the housing market will be the busiest before Christmas then it has been for over a decade.
One in 10 landlords are now planning to buy properties and expand their portfolio, compared to just 3 per cent at the end of last year, research has found.
At the end of 2019, 82 per cent of landlords claimed that they had no plans to acquire another property in 2020, and only 3 per cent were intending to add more than a single property to their portfolio.
The London boroughs of Westminster, Kensington & Chelsea, and Camden are some of the most popular with foreign owners. Pure Property Finance analysed data from the Land Registry on overseas companies that own property in England and Wales.
Overseas buyers were the driving force behind the mortgage market in October, Legal & General Mortgage Club research shows.
L&G’s SmartrCriteria tool, which helps advisers determine which lenders would consider a particular mortgage applicant, shows that mortgages for applicants with visas was the highest searched term among advisers in October.
Now developer SevenCapital - using figures from the likes of JLL, Knight Frank and Zoopla - has come up with a list of the top 10 best places to invest in UK property. Below, Property Investor Today takes a look at their findings.
England is entering a new four-week national lockdown, and there are several things you should know about. Firstly, the government has said you can still move home during this period, which is set to last until 2nd December, as long as you follow the guidelines. In this article, we’ll explain how this second lockdown will impact the housing market, as well as how the latest restrictions may affect your home move.
- BOE: Mortgage approvals at their highest level since 2007
- London’s Foreign Buyers: surprise country heads global league table
- The Commuter Towns Beating London for Rental Yields
- London contains the best and worst places to sell
- Three-tier lockdown: what do the new coronavirus measures mean for the property market?
- Bank of Mum and Dad funds half of house purchases among under-35s
- Time to scrap stamp duty? New figures add weight to argument
- Buyer demand levels at their highest since early 2019