Recent Articles in Calculating the costs of buying your first home

Latest price report - where have all the sellers gone?
Dec 17, 2019

The consistent view running through this month’s indices is that there is little supply for buyers to choose from, but for those that are selling, there are deals to be done as the NAEA point out. Rightmove report there are "fewer new sellers than in the same period a year ago… the largest year-on-year slump in any month since August 2009” and Home.co.uk suggest that “Zoopla listings’ data shows that the number of new homes listed for sale per agency branch this year is lower than over the last four years”. A tough market therefore for buyers looking to purchase and indeed for the industry - who will no doubt be hoping the election will allow some certainty on how the country will move forward, and this will result in an early uptick in activity in 2020, rather than uncertainty and a slow market. To find out more, read Kate Faulkner's latest comprehensive price report.

The impact on the property market of elections, recessions and latest forecasts
Oct 10, 2019

At the recent Property Investor Show  I made two presentations, one covering the changes to the property market during elections and recessions, and another discussing the latest forecasts for both the next twelve months and the next few years.

Create your own Grand Design
Sep 24, 2019

Up until the credit crunch, in the main, agents could make a good living from just letting and selling property that came ‘through the door’ - even if it was a digital one. The market then crashed. Prices fell by 18-20% in most areas but worst still, transactions fell by 50%, with many property businesses and jobs being lost. Although we have seen a good recovery in many places, according to the RICS, the number of properties available for sale is still at an all-time low. With Brexit, talk of a recession and possible Stamp Duty changes, the likelihood of transactions recovering anytime soon is low. And, with the Nationwide reporting just 5% of existing homes coming onto the market, without access to new build properties, it’ll be tough for agents - and you - to secure the homes you and your family need to buy and let.

Why buyers' and sellers' decisions need to be based on local expert advice
Sep 18, 2019

Whether you are ‘up north’, ‘down south’, in Scotland or Northern Ireland the market is now completely different. Pre-credit crunch, property markets tended to move in a ‘ripple effect’ but this trend appears to have stopped for now so it’s vital buyers and sellers make their decisions based on local expert advice rather than national or regional headlines.  What we do know is that across the board, since 2005, property price growth has slowed dramatically versus previous years, and now moving in line with inflation as opposed to above, impacting on those looking at investing in property for a pension or living.   

How often are we moving?
Aug 19, 2019

The Nationwide has done some fascinating analysis this month on the changes to the proportion of different movers, together with the time each take to move home. For me this kind of analysis is essential in today’s quite difficult market when we are back to so much uncertainty over the coming 12 months, as I reported last month. So how many people in your area should be moving at any one time? Is your area more or less active than the average?