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4.6 million households now live in the private rented sector, and their property is increasingly home for longer. Data from the recently-released English Housing Survey indicates the average number of years a private sector tenant has been in their current home is 4.4 years, up from 3.7 years back in 2010/11. Over half (56%) of renters plan to purchase a property in the future,...
After a decade of decline, the proportion of 25–34 year olds in owner occupation is now equal to the proportion in the private rented sector across England. 727,000 first-time buyers acquired keys to their first home in the year to March 2019. The average age of a first-time buyer is 32 years outside of London and 37 years in the capital. On par with a year ago, 45% of all...
Estate agents’ fees for selling a property can vary wildly. I’ve even seen agents advertising fees of £99. There is no way in my opinion, any agent doing their job properly can charge £99 and make money. To do so they would have to cut more corners than a Grand Prix driver in several key areas just to break even or reduce their losses. For a property to achieve...
There have been 1.3 million new buyer enquiries in the month since the election (13th December to 15th January), a 15% increase year-on-year according to Rightmove. A 2.3% monthly increase in the price of properties coming to the market was also reported, the biggest monthly surge ever recorded for this time of year. There certainly seems to be more optimism in the market. Provisional...
According to the National House Building Council just 44,361 new homes were registered to be built in the UK in the three months to November, far short of the Government’s target of 300,000 new homes per year by the mid-2020s. Across the UK the number of new homes registered to be built was up just 2% year on year, although the West Midlands, London and East of England all saw...

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