Could Boris make changes to Stamp Duty in the near future?

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?

Location, location, location: a guide to finding your next home

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

How Virtual Reality is changing the property sector

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

First up-tick in property transactions in over a year

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

Home ownership amongst Colchester’s young adults slumps to 46%

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%

home truths about property ownership

Colchester Property Ownership Home Truths or Fake News?

Today I’m going to look at several popular “home truths” about property ownership in Colchester, and the UK in general, to see whether the statistics back them up. This home truths blog post was inspired by a conversation with a retired mortgage-free Colchester homeowner concerned about the lack of opportunities for the younger generation to … Read moreColchester Property Ownership Home Truths or Fake News?

millennials versus baby boomers

Millennials Versus Baby Boomers in Colchester (Part 2 of 2)

Last week, in part 1, Colchester Baby Boomers £6 Billion+ Windfall Unfair? we explored Louise’s contention that Millennials (people born after ~1985) were suffering at the hands of the older generation in Colchester who had benefited from the cumulative increase in the value of Colchester properties over the last 25 to 30 years. In addition, … Read moreMillennials Versus Baby Boomers in Colchester (Part 2 of 2)

baby boomers windfall

Colchester Baby Boomers £6 Billion+ Windfall Unfair? (Part 1 of 2)

I was recently chatting to fellow baby boomers at a family get-together. We hadn’t met since we were teenagers so there were partners, pets and grown up children which makes you realise how fast time flies. I was reminiscing about the “good old days” of 20% inflation, the 3 day week, 15% interest rates and the … Read moreColchester Baby Boomers £6 Billion+ Windfall Unfair? (Part 1 of 2)

Thanks for Reading!

Subscribe to our newsletter so you don’t miss important Colchester property news.