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Blog

The stamp duty holiday has led to a 14% surge in calls and emails to agents. Properties priced between £400–£500k have seen the biggest increase in interest, 49%. In 2019 they only represented 8% of sales, therefore we may see a shift in the distribution of transactions in 2020. Properties priced between £500–£750k have also seen a surge in interest,...
With just over 35 weeks of the stamp duty holiday left, and with the average property taking 18 weeks to sell, vendors have 17 weeks to list their properties if they want to make the most of the stamp duty holiday. According to The Advisory, the average time to sell a property, from first day of marketing to completion, is between 16 and 25 weeks. In a hot market, it can take on average...
Climate change was high up the agenda before Covid-19 – most forecasters predicted climate change as the big theme for the property market in 2020. Recently the Chancellor put it back on the agenda. Energy efficiency of houses in England has improved over the last decade. The announcement of the Green Home Grant will help cut energy emissions further, which is important to many...
Whether it’s due to financial uncertainty or the lockdown, the COVID-19 pandemic has affected many home movers in Bromley who were previously buying or selling a home. But, over the course of the last few weeks, we’ve seen some significantly more positive news about the state of the UK property market. Things are picking up and there’s a lot for homebuyers in particular to be...
The June Housing Market Survey by the Royal Institute of Chartered Surveyors showed a marked improvement in enquiries, agreed sales and instructions even before the stamp duty holiday announcement. Meanwhile, the Office for Budget Responsibility has published revised forecasts. Their central scenario estimates 750,000 homes will sell this year. Given that over 330,000 sold in the five...

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