Are you familiar with the new Renters’ Rights Bill?
Reported – Marc Da Silva The Negotiator Section 21 evictions will be banned, and renters will receive greater protections and security from eviction thanks to historic legislation announced by the government. The Renters’ Rights Bill, introduced to Parliament yesterday, will ban Section 21 evictions for new and existing tenancies, extend Awaab’s Law into the private […]
Rising buyer confidence drives up annual house prices by 4.3%
The Halifax says house prices are rising by 4.3% a year, the strongest rate for nearly two years making the average house price £292,505. It says this is, in part, due to rising confidence among home buyers thanks to easing interest rates, which in turn is increasing competition for homes and therefore higher final prices. […]
What’s happening in the Cirencester property market?
In September 2024, the Cirencester property market is showing signs of recovery, with buyer confidence returning after the recent election and a well-received interest rate cut. The combination of political stability and lower borrowing costs has started to encourage more potential buyers, especially those who had been hesitant during the uncertain months leading up to […]
EX-rental homes for sale hits record high ahead of capital gains tax changes
New data published today by Rightmove suggests that the number of former rental properties up for sale is now at its highest level on record. The property portal points to the Autumn Statement on 30 October as one potential driver of the increase, as it is mooted to include an increase to capital gains tax, […]
The Property Market in Fairford: 2024 Trends and 2025 Outlook
Fairford, a picturesque town in Gloucestershire, has become an increasingly popular destination for homebuyers seeking a blend of rural charm and modern convenience. Known for its historic architecture, scenic surroundings, and strong community spirit, Fairford has seen notable changes in its property market in 2024, with property prices rising steadily. 2024 Property Market Overview Rising […]
Interest rate cut fuels immediate upturn in UK property market
Figures from Rightmove show inquiries to estate agents since 1 August up 19% compared with a year ago Impact of the Interest Rate Cut The first Bank of England rate cut in four years has triggered an immediate upturn in the UK property market, as cheaper mortgages prompt interest among buyers and drive up house prices. Figures […]
Tetbury Property Market Report: Post-BOE Interest Rate Cut.
Market Overview The Tetbury property market has shown signs of improvement following the recent interest rate cut by the Bank of England (BOE). The reduction in rates has provided a much-needed boost to buyer confidence, particularly among first-time buyers and those looking to upgrade their current homes. This renewed interest is gradually translating into increased […]
Malmesbury Market Update.
As of August 2024, the property market in Malmesbury, Wiltshire, is navigating through a period of uncertainty, reflecting broader national trends. Like many areas, Malmesbury has seen a slowdown in sales activity, with fewer transactions occurring compared to the same time last year. Property prices have been under pressure, with many sellers opting to reduce […]
Cirencester Market Update.
The property market in Cirencester during August 2024 is undeniably challenging, even with the recent Bank of England interest rate cut. The market seems to be working against sellers across the board, with most properties struggling to sell. A recent search on Rightmove showed 30 properties listed between £280,000 and £325,000, within 1 mile of […]
UK house prices ‘to rise through rest of year’ after jump in July.
UK house prices rose by 0.8% in July, and ongoing reductions in mortgage rates are likely to support continued growth throughout the rest of the year, according to Halifax. The average house price in the UK in July was £291,268, up from £289,042 in June. This increase follows three months of minimal growth, with price […]