Latest estate agency figures welcome spring market
HOUSING REPORT: Although agents’ stock is still historically low, more new properties are coming to the market bringing with them new buyers and a lift in sales being agreed.
How estate agents can utilise auctions
Agents have a range of options available to them for selling a property. Choosing the right one can have a huge impact on the price achieved, the satisfaction of buyers and sellers with the process, and the reputation of the agent.
Housing supply bounces back
HOUSING REPORT: The average number of properties listed per member agent branch has risen — from 19 in January to 23 in February, the highest it’s been for five months.
80 per cent increase in housing stock
HOUSING MARKET REPORT: Propertymark members have recorded a sharp rise in homes coming onto the market with the average number of new instructions per member branch rising from five in December to nine for January.
Estate agents report busiest December for house hunters
HOUSING MARKET REPORT: The average number of house hunters registered per member branch was the highest December on record at 461, with the average supply of properties continuing to fall to an average of just 19, 42 per cent less than in December 2020.
Welsh Budget to build stronger, fairer, greener Wales
The Welsh Government has set out revenue and capital spending for the next three years, focusing on supporting Wales’s economic recovery as it emerges from the pandemic, seeking to strengthen it in a sustainable way to deliver a greener Wales.
Buyer demand increases as available homes continues to fall
HOUSING MARKET REPORT: The number of buyers registered per Propertymark member branch has increased by 12 per cent from October and the supply of properties continues to fall to just 20 homes per branch – the lowest ever recorded and 50 per cent less than November 2020.
Property market supply and demand disparity is “unsustainable”
HOUSING MARKET REPORT: The number of available properties per branch has decreased to 21, the lowest figure on record and 46 per cent lower than October 2020.
First-time buyers make up 28 per cent of sales in August
HOUSING REPORT: With increasing demand, 37 per cent of properties sold above the original asking price, a staggering 185 per cent increase year on year, from August 2020.
FAQs: First Homes Scheme
The First Homes Scheme enables a first-time buyer purchasing their only home to take advantage of at least a thirty percent discount on the property’s market value. Buyers must purchase properties with at least a 50 per cent mortgage.
Flagship First Homes Scheme launches
Housing Minister Robert Jenrick MP has announced a new First Homes Scheme of discounted houses for local people and key workers in England. The first properties going onto the market are in Bolsover (East Midlands) as part of the first phase of an early delivery project.
First Homes adds to UK Government’s home ownership measures
Minister of State for Housing, Christopher Pincher MP has announced the UK Government’s ‘First Homes’ scheme as part of their commitment to supporting people to own their home.
Over 300,000 homes sold with Help to Buy
Sam Legg, a nineteen year old farmer from Leicestershire, has become the 300,000th homeowner to use the Help to Buy: Equity Loan Scheme since its launch in 2013 and urges others to do the same.
New 95 per cent mortgage scheme launched
The UK Government has today, 19 April, opened a Mortgage Guarantee Scheme to help first-time buyers and current owners with 5 per cent deposits buy a house up to £600,000.
Scottish First Home Fund closes its doors
The First Home Fund, a shared equity pilot scheme, was launched by the Scottish Government to provide first-time buyers with funding, however, it has closed for applications five days after it re-opened.
First-time buyers to continue receiving support in Scotland
The Scottish Government’s First Home Fund scheme will re-open on 1 April 2021, which has a budget of £60 million available for the financial year 2021-22 to provide first-time buyers with up to £25,000 to help them buy a property, which can be used for both new build or existing properties.