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UK property news

David James is your source for all the latest news on the UK property industry including the latest trends, house prices and valuations, ideas to help you sell your home, and tips for landlords. Whether you're buying, selling, renting, or looking to let out your home, you'll find useful information on this page.

Established in 2004, David James Estate Agents specialise in both property sales and lettings. We are industry experts; whether you're looking to move or let out your home, let us know the questions you need help answering.

 

Latest news at David James Estate Agents in Bromley

First-time buyer purchases fell by -13% in 2020, the result of a closed housing market in spring and stricter mortgage lending. First-time buyer transactions recovered in the second half of the year, down just -2% on the same period in 2019. The average price paid by a UK first-time buyer in 2020 was £256,057, a 10% annual increase. Deposits also increased, the average first-time...
An estimated 1,041,610 residential sales completed in 2020. In spring the housing market paused for several weeks and despite this, sales were only down -11% on 2019. 129,400 homes changed hands in December 2020, 32% higher than December 2019 and a monthly increase of 13%. According to Rightmove, there were 10% more sales agreed in 2020 than in 2019. Zoopla reported a 9% annual...
Property News You May Have Missed January’s property news is filled once more with COVID-19 related information. It’s to be expected as it is the main news at the moment! What’s been interesting for those like us in the industry is that the stats back us up when we say that the property market is busy. Indeed, the data is what people are looking at, whether...
26% of tenants moved within a mile of their previous rental property in 2020, and over two thirds (69%) stayed within ten miles. As renting is more flexible than ownership, some households use it as an opportunity to get to know a new area. In fact, 27% of tenants moved more than 10 miles in 2020. The number of tenants moving more than 10 miles reduced by 6% in 2020 compared to 2019,...
The ONS (Office for national Statisitcs) reported a 1.4% annual increase in private rents in November and according to agents, tenant demand was more or less unchanged. All regions saw an increase in private rents. The South West saw the biggest annual increase, 2.3%. Scotland had the smallest annual increase, 0.6%. Near term rental growth expectations remain slightly positive, with...

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