With just days to go before the UK was expected to leave the EU, we seem no closer to a solution than when Article 50 was triggered almost two years ago. It is little wonder therefore, that uncertainty is expected to continue to impact the housing market.
However, the second biggest challenge facing the housing market at present is the lack of properties available to buy, a factor that is viewed as more significant than affordability concerns.
Agents in the latest RICS UK Residential Market Survey report that new instructions fell again in February, with the average number of properties available to buy per agent, returning to a record low.
As the spring market gets underway, buyers will be hoping that potential vendors will be able to look beyond the current uncertainty and help to get the market moving again.
One in twelve landlords is unaware of a suite of legislative changes that occurred across the lettings industry in recent years, according to the findings of the English Private Landlord Survey 2018 published in January. Over 80% of landlords were aware of the additional 3% stamp duty burden for the purchase of a second home, […]
On average 965 sales per week have been completed using Help to Buy across England and Wales during 2018 (to the end of September), according to data released by the Ministry of Housing, Communities and Local Government and the Welsh Government. Over 160 properties are purchased each week with the aid of Help to Buy […]
UK consumers spent £395 million on Easter eggs and confectionery during Easter 2018, up 5% on 2017 and it is anticipated that spend in 2019 will be even higher. Such spending equates to the equivalent of over 1,700 average priced UK homes. By property type, this would buy over 2,000 average priced terraced properties, compared […]