First-time buyer surge
A record 45,965 Help-to-Buy equity loans were issued to first-time buyers in the year to the end of March 2021, as appetite from first-time buyers (FTBs) continues. Over one third of property purchased by FTBs has been priced £200,000 or less, with over half of those benefitting having a household income of less than £50,000. […]
Housing demand
The Dataloft Demand Index shows housing demand is currently 22% higher than a year ago, as housing market momentum continues to be bouyant. Demand fell 7% following the SDLT and Land Transaction Tax deadline on 30th June, but remains higher than a year ago. Buyers in England are still able to make a saving until […]
1 in 8 plan to move within 5 years
One in every eight home movers across the UK expects to be in their new home for less than 5 years, over one third for a decade or less. Over half of home buyers aged up to 34 expect to move again within a decade, 18% only expecting to be in their next home for […]
+One million new dwellings
Over 1.3 million new dwellings have been added to the housing stock across England and Wales over the past 5 years, according to data released this week by the MHCLG and Stats Wales. The majority of new dwellings, over 1.1 million are in the private sector, either in owner occupation or privately rented. The number […]
As demand outstrips supply, list your property now
Now is a great time to sell your home as there is a huge shortage of properties available for sale, and house prices are higher than ever. Housing market demand is up 28.6% yet available properties to buy are down 20.8% (YTD vs 2020, Zoopla). This is putting upward pressure on house prices, with Nationwide […]
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 first-time buyers. Over half (58%) of FTBs in England purchase […]
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 of £500,000 in the first three months of 2021, more […]
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 +5 in December 2015, and 34 points higher than at […]
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 to lows not seen since the global financial crisis during […]
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 of any primary residential property until 30th June 2021. In […]