As millions of Brits head off on their summer holidays, 50% are expected to take a ‘staycation’, choosing to remain in the UK to take their main summer holiday and enjoying the wonderful scenery and hopefully beautiful weather. Brexit concerns, the heatwave of 2018, exchange rates and even rising levels of dog ownership, particularly among … Read moreHoliday Home Investments
When it comes to selling a house, ‘staging’ is of the utmost importance. You might spend hours upon hours dusting ceiling corners, scrubbing at the kitchen floor or rearranging the furniture. However, there are other changes you could make which you might not have thought of. Recent research carried out by Carpetright explores how our living spaces … Read moreStage your home like a pro
The rental market is about to enter its busiest time of the year. Analysis from Dataloft Rental Market Analytics reveals that, over the last three years, on average 22% of each year’s tenancies have begun during August and September. We estimate that this equates to just under 200,000 new tenancies which are set to begin … Read moreNow’s the Time To List Your Rental Property
There were 14,794 homes sold across England and Wales in the past 12 months priced at £1 million or more. This equates to just 1.7% of all sales, and just under £26 billion in value. As in previous years, the tally of properties selling at or above the £1 million threshold was greatest in London, … Read moreThe Million Pound Market
Many in the property industry have called out for the new Prime Minister, Boris Johnson, to act decisively on his previously proposed plan of possibly scrapping Stamp Duty on homes under £500,000, at the same time cutting it from 12% to 7% on properties valued at over £1.5m. The hope is the proposed changes would … Read moreCould Boris make changes to Stamp Duty in the near future?
There is one thing that all property professionals agree on, whether they work in commercial property or residential, and it’s that location is one of the most important factors to consider when buying a home. Property gurus around the world continue to emphasise the importance of location because it has such a massive bearing on … Read moreLocation, location, location: a guide to finding your next home
In today’s fast-moving technological age, new developments in tech are constantly being introduced that are having a significant impact on the property sector. The most recent is the introduction of virtual tours and virtual reality (VR). While VR is by no means a new concept, rapid advancement in augmented reality technology has meant that it … Read moreHow Virtual Reality is changing the property sector
In these days of Brexit induced uncertainty, I’m frequently asked “exactly what is happening to the Colchester property market at the moment”. According to HMRC, there were 101,780 residential property transactions recorded (on a seasonally adjusted basis) in February this year. This was the highest level since August 2017. At the time of writing, this … Read moreFirst up-tick in property transactions in over a year
Chatting to a Colchester landlord client recently we got onto the subject of how the Colchester property rental market had changed over the past 10 years or so. I was able to explain that one example of this is that the average age for first-time mums and dads is 29 and 33 respectively, while the … Read moreGeneration rent becomes generation parent.
The degree to which young Colchester people are locked out of the Colchester housing market has been revealed in new statistics. A Colchester landlord asked me recently to what effect homeownership rates in Colchester in the early to middle-aged adult age range had affected the demand for rental property since the Millennium. I knew anecdotally … Read moreHome ownership amongst Colchester’s young adults slumps to 46%