Welcome to the April 2021 Property Market Comment. The government’s decision to extend both the stamp duty holiday and the furlough scheme, as well as their new guarantee for high loan-to-value mortgages, have played their part in reducing uncertainty and boosting confidence.
Add to that the easing of lockdown, world-class rollout of the vaccine, impressive
Welcome to the March 2021 Property Market Comment, following a very eagerly awaited budget. Fortunately for the property market, there was no immediate bad news at all, especially in respect of the much-publicised Stamp Duty deadline.
In a nutshell, nine months ago, the government sought to bolster the economy by helping the property market, by
As we all battle through the current lockdown in our own way, the property market is surprisingly buoyant. This is perhaps inevitable as we are still playing catch-up from the restrictions of the first lockdown when sales transaction numbers plunged by around 50%.
But current market activity remains incredibly high, despite the fact that anyone
The archetypal multi-property “professional” landlord probably only accounts for about half of all landlords. The rest come in all shapes and sizes – The “Accidental” landlord, The “Pension” landlord, The “Parent” landlord and The “Inheritance” landlord.
In this article, we consider The “Accidental” landlord:
The accidental landlord is a homeowner who would ideally have sold,
Tenant Fee Ban Benefit Legislation now prevents letting agents from charging tenants a fee to process their application to rent a property. In the past,
January 2021 Market Comment It is amazing to see that, despite the pandemic, the average UK house price ended the year 7.3% up on
When a tenant pays a deposit to a landlord or letting agent, the money must by law be “protected” against non-return at the end of the tenancy by one of two schemes –one custodial, and one insurance–based. Letting agencies and landlords choose which they prefer.
The custodial scheme is government-operated and free of charge. Funds
When a tenant pays a deposit to a landlord or letting agent, the money must by law be “protected” against non-return at the end of the tenancy by one of two schemes –one custodial, and one insurance–based. Letting agencies and landlords choose which they prefer.
The custodial scheme is government-operated and free of charge. Funds
What a month – with two major news stories within hours of each other that are likely to have a positive effect on the UK housing market: the US election result, and the discovery of a Covid-19 vaccine.
We know that stability and confidence underpin so much in the economy – jobs, inflation, interest rates, mortgage approvals,
Household emergencies generally occur during the depths of winter, but we recommend that landlords undertake a pre-winter checklist now to prevent unforeseen property headaches in the months to come. A tenant will often be less interested in preventative measures, but will of course complain if there is a problem – often too late and costly to
Some people feel that flats and houses should be able to “let themselves” and do not need to be “shown” by letting agents. Whilst this may be true of certain exceptional properties, or where achieving the optimum rent is not an issue, most properties require the skills of a well-trained letting agent if they are
Many letting agencies simply act as a broking service that matches tenants to property. However, we are acutely aware that there is far more to successful lets than this alone. Indeed, nationally, about 25% of initially agreed tenancies fail to prove satisfactory for one reason or another.
One of the main reasons is that a
The property market has historically been fuelled from below, with first time buyers paving the way for sellers to move onward and upward.
However, the dramatic rise in property prices over the past decades, followed by mortgage funding difficulties have combined to mean that there has been a decline in the number of first time
What a month – with two major news stories within hours of each other that are likely to have a positive effect on the UK housing market: the US election result, and the discovery of a Covid-19 vaccine.
We know that stability and confidence underpin so much in the economy – jobs, inflation, interest rates, mortgage approvals,
“Location, location, location” may be the cornerstone of wise property investment, yet many people are unaware of the importance of location in making the right choice of letting agent – whether as landlord or tenant.
Letting agency is an intensely local business. It is essential that letting agents are fully conversant with the issues of
If location is fundamental to a tenancy, then mapping is surely the most obvious way to highlight location.
We choose to use locational maps on our property details/website as they make it easy for tenants to identify the property in relation to its surroundings. This is particularly useful when a tenant is considering a
They say a man’s home is his castle – but when a couple is renting together, it is probably not the man who actually chooses it!
94% of letting agents polled in a recent survey confirmed that it is usually the woman in such a relationship who has the last word in choosing which home
To say estate agents are busy would be an understatement. The unprecedented uplift in buyer demand over the past three months certainly bucks any notion of pandemic paralysis. Rightmove tells us that buyer enquiries are up 14% annually and sales agreed are just 5% below this time last year – which is pretty remarkable under the
David Clarke is an award-winning independent family company established for over 50 years.
David Clarke is an award-winning independent family company established for over 50 years.
David Clarke is an award-winning independent family company established for over 50 years.
