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The NAEA perhaps have some of the most startling facts this month from the indices, especially considering we had our second lockdown in England during November and with price rises for the year recorded of over 5% for most of the indices, Hometrack capture the reason succinctly. Read Kate Faulkner's property price report for January to find out what's really happening.
Each month we’ve been following property prices since the market opened in May and we’ve seen house price rises increase more and more each month. And it appears any fears of the second lockdown holding back the market are unwarranted, with Rightmove saying that “first six days of the second lockdown seeing demand up by 49% on this time last year”. Read Kate Faulkner's latest comprehensive property price report here.
When buying a leasehold property, leaseholders need to be confident that they are aware of what is and what is not included in their lease and understand any changes they may face during the lifespan of their lease. This guide looks at key points and practicalities to consider before making a purchase.
We all know that the market is ‘booming’ at this moment in time, but it is important to appreciate this is more of a boom in transactions rather than a boom in house prices. There is one surprise though and that’s despite this huge uplift in volumes, property prices, although rising potentially ahead of a recession, are not doing so at the pace we would normally have seen in the past. Read the full article to find out what's happening in your area.
I must admit, before the forecasts came out I was expecting to see falls, perhaps anything between 5-10%, but remarkably the property price forecasters are incredibly optimistic versus a few months ago. 2021 is also going to be a tough year to predict and get right – we don’t know if the ‘stamp duty’ cliff edge will be retained, the Help to Buy Scheme is being restricted, will home movers have ‘burned’ themselves out for the next few years, or are there plenty of home movers left to keep the market going at least for the first half of the year? Read my article here.