Liverpool Property News
-
First-time buyers benefit from Help-to-Buy
Over 265,000 first-time buyers (FTBs) in England and Wales have benefitted from government Help-to-Buy Equity Loan schemes since they were introduced in April 2013 and January 2014 respectively.
82% of all HTB equity loan property purchases between April 2013 and December 2020 have been to ...
-
High value homes soar
Data from the HMRC and the Welsh Revenues Authority indicate high value sales rocketed in the final three months of 2020 and into 2021, buyers saving money thanks to the Stamp Duty Holiday.
Over 54,000 homes sold in England with a price tag in excess ...
-
Consumer confidence bounces back
The PwC consumer confidence index is at its highest level since the index started in 2008. The first quarter of 2021 marks the first time the index has been in positive territory since pre-pandemic.
The index stands at +8, higher than the previous record of ...
-
Constructions and completions levels
Private new home starts across England rose 17% year on year in the final quarter of 2020, completions up 11% and the highest number ever recorded, according to new data released by the government.
This is positive news for the sector which saw activity fall ...
-
Stamp Duty Holiday Extension
The Chancellor announced a stamp duty holiday extension, offering buyers in England and Northern Ireland a discount of up to £15,000 until 30th June 2021, and £2,500 up to 30th September 2021.
In Wales, no land transaction tax will be due on the first £250,000 ...
-
St David's Day
St David's Day, which was on Monday 1st March, celebrates the patron Saint of Wales, Wales home to over 3 million people, 4.7% of the UK population (ONS).
Dragons, daffodils and leeks are the symbols most closely associated with Wales, over 800 property transactions recorded ...
-
National Parks premiums
The UK is home to 15 National Parks and the government has recently announced plans to create new National Parks as part of the Environmental Plan.
National Parks not only protect the country’s rich wildlife and biodiversity, they also provide desirable places to live. A ...
-
Homes changing hands increase
An estimated 1,041,610 residential sales completed in 2020. In spring the housing market paused for several weeks and despite this, sales were only down -11% on 2019.
129,400 homes changed hands in December 2020, 32% higher than December 2019 and a monthly increase of 13%....
-
Lockdown savings
The pandemic reduced spending for many households and government policies have helped support incomes. This has led to 28% of households saving more during the pandemic.
42% of high-income employed households saved more during the pandemic compared with 22% of low-income employed households. Retirees also ...
-
What's ahead for 2021?
What will the New Year bring? Dataloft consensus house price forecast, based on the average from five leading commentators, expects 0.9% growth 2021.
Published forecasts for 2021 range from mildly negative to strongly positive. Rightmove forecast a 4% rise in 2021, Zoopla 1%, Knight Frank ...
-
Dataloft Days of Christmas - Day 7
According to Zoopla, ‘Garden’ was the most popular search term throughout 2020 for both buyers and renters. The Property Academy Home Moving Trends Surveys 2020, analysed by Dataloft, found that priorities had changed since the start of the pandemic, and a garden had become more ...
-
Home movers tempted by new build property
Almost half of home movers will consider buying a new build property according to the Property Academy Home Moving Trends Survey 2020, analysed by Dataloft.
Energy efficiency is the main reason why home movers would purchase a new build. Respondents aged 55+ felt even stronger, ...
-
Housing market adds to the economy
For every residential property resale, an average of £9,559 is added to the UK economy. That is an estimated £6bn added to the UK economy so far this year.
On average £5,400 is spent on renovations and new household goods, £3,100 on estate agency and ...
-
Ideal length of lease varies
There is a substantial mismatch between current lease lengths and ideal lease lengths. However, there is more to it than that. Opinions on ideal lease length vary with age and household types.For renters aged over 45, the ideal lease length for most is 24 ...
-
Best Letting Agent in L3
Congrats to our Liverpool Branch Manager Gill for receiving the gold 'Best Letting Agent in L3' award from allAgents!
Call us on 0151 214 3480 to discuss your property today! -
Deadline closes in on stamp duty holiday
With the stamp duty holiday set to end on 31st March 2021, buyers should get a move on if they want to take advantage of stamp duty savings of up to £15,000.
In normal market conditions most sales agreed before the new year will complete ...
-
How energy efficient are rented homes?
The government has proposed to increase the minimum energy efficient standards for the private rented sector to EPC Band C by 2030. Consultation is underway and finishes at the end of the year.
Around 5 million households across England and Wales live in the private ...
-
The recovery of mortgage approvals
Mortgage approvals in August saw a 29% annual increase. The lockdown backlog is clearing and increased buyer demand, generated by the stamp duty holiday and lifestyle changes, has boosted figures.
190,902 mortgages have been approved in the last 3 months, -4% below the same time ...
-
Migration season for students
During university, 29% of students live in the private rental sector and following graduation, 47% plan to live in the private rental sector.
With nearly 1.9 million students attending university full time in the UK, a potential 551,000 students will move into a private rental ...
-
Challenges of a first-time buyer
While attention is focused on equity-rich buyers making lifestyle changes, it’s easy to overlook the first-time buyer for whom buying has become a little more tricky – and avocado on toast is not to blame.First-time buyer property prices have risen from £142,473 in 2010 ...
About The Blog
This Blog looks at what is happening in Liverpool, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Gill Bell - Editor
T: 0161 707 4745
E: [email protected]