Tag: property market
Drop in rates of property sales falling through
Estate agency marketing firm Spectre has published a report showing that fewer property sales are falling through than in recent years. The Spectre Q2 Market Report compared figures from 2022 and 2021 along with an average figure for the past five years. Although there was a spike in property sales falling through after the mini-budget...
Property market improves for buyers as sellers forced to cut £14,000 from prices
Following a period of high prices, the property market has cooled, leaving those wishing to sell having to cut their asking prices by an average of £14,100 to secure an offer, according to online property portal Zoopla. Zoopla’s House Price Index, released on 28 February 2023, found that house price inflation had dropped from 8.5%...
The effect of holiday letting on the property market
Short-term lets, such as those offered by Airbnb and other holiday lettings agencies, are increasingly affecting the property market, in particular in coastal and other popular tourist areas. Airbnb gives property owners the opportunity to let out their home or rental property to holiday makers and those looking for somewhere to stay in a city....
More property information to be disclosed upfront in sales listings
A project implemented by the National Trading Standards Estate and Letting Agency Team requires more material information to be provided when a property is listed for sale or rent. National Trading Standards wants the provision of material information to be compulsory when an agent enters details on a property portal or otherwise provides them to...
Tips for successful home buying in a seller’s market
The property market is exceptionally strong at present, with continuing price rises and reported tussles for properties in some locations. We take a look at how to give yourself the best chance of success as a buyer in a seller’s market. House prices have risen almost 9 per cent during the year ending April 2021,...
