UK: Property industry reacts as interest rates rise
From James Lockett ProperPR Director of Henry Dannell, Geoff Garrett, commented: “There’s a whole generation of homebuyers who have never known anything other than a sub one per cent base rate and so a second increase in such quick succession…
UK: Estate agents lose out on £998m in fees in 2021 as more transactions fall through
From James Lockett ProperPR Property purchasing specialist, HBB Solutions, has revealed the eye-watering sums of money that estate agents are losing out on in a single year due to the number of sales that fall through before completion. The research shows…
UK: Selling a probate property following a bereavement
From James Lockett ProperPR lthough the nation’s homesellers have enjoyed a pandemic price boom spurred by pent up demand and the removal of stamp duty on purchases, there is, of course, those who will have been forced into the market…
UK: Build-to-rent market rebounds from pandemic decline in project completions
By James Lockett, ProperPR Market analysis by real estate debt advisory specialists, Sirius Property Finance, has shown that the build-to-rent sector (BTR) has gone from strength to strength in the last year, rebounding from a decline in completions caused by the…
Industry reaction to today’s UK House Price Index
By James Lockett ProperPR Please read below industry reaction below to the latest Gov.uk UK House Price Index. The latest index shows that in November, house prices climbed 1.2% on the previous month and posted yet another double digit performance on…
Industry reaction to the Rightmove House Price Index
From James Lockett ProperPR The latest index shows that: – The average price of property coming to market jumps by 0.3% this month (+£852) to £341,019, which is 7.6% higher than in January 2021, the highest annual rate of price…
UK: Rental market takes a step back as demand falls -15% in Q4
By James Lockett From ProperPR Research by estate and lettings agent, Barrows and Forrester, reveals that the UK rental market has taken a step backwards due to Omicron, as rental demand has declined in the vast majority of major UK cities…
£200bn worth of empty homes sat vacant across Britain’s property market
From James Lockett Research by Barrows and Forrester has found that despite a house price boom driven by heightened buyer demand and a lack of available stock, there is an estimated £200bn worth of property sat vacant across Britain’s housing…
UK: Housebuilder profits down 49% during the pandemic
From James Lockett ProperPR Sirius Property Finance has revealed how the pandemic halved the profits taken by the nation’s biggest housebuilders and while positive signs have been seen since, the industry is yet to completely recover. The research shows that: – …
UK: First-time buyers borrowing more and for longer
From James Lockett, Proper PR The latest research by Birmingham estate and lettings agent, Barrows and Forrester, has revealed that while first-time buyers face the biggest financial hurdle to homeownership causing them to borrow more, it’s existing homebuyers that are now…
