Posts with tag: homes for sale

Supply of Homes for Sale at Lowest Level since Records Began

Published On: April 27, 2017 at 9:47 am


Categories: Property News

Tags: ,,,,,

The supply of homes for sale in March was at the lowest level for the month since records began, shows the March Housing Report from NAEA Propertymark.

Supply of homes for sale 

The number of homes for sale on estate agents’ books dropped to an average of 39 in March, from 44 in February.

This is the lowest figure recorded for March since records began 16 years ago, in September 2002.

Supply of Homes for Sale at Lowest Level since Records Began

Supply of Homes for Sale at Lowest Level since Records Began

Annually, the supply of homes for sale dropped by 28%, as agents had an average of 54 properties on their books last March.

Demand for properties

The number of homebuyers registered per NAEA member branch dropped in March as well. Estate agents had an average of 397 prospective buyers on their books last month, compared with 425 in February.

In March last year, there were 417 prospective buyers registered per branch, marking a 5% year-on-year decrease.

Sales to first time buyers 

The proportion of sales agreed to first time buyers increased to 25% in March, up from 22% in February.

The total number of sales to first time buyers dropped significantly from 30% in January to 22% in February, so this increase is a step in the right direction, notes NAEA Propertymark.

Sales agreed

The average number of sales agreed dropped in March, to ten per branch. In February, 11 sales were agreed per branch – the highest number recorded since September 2007.

In March, one in every 20 (5%) properties sold achieved more than the original asking price. This figure has continued to rise since the low of 12% recorded in November 2016.

Stamp Duty reforms

A year on since the higher rates of Stamp Duty for additional properties were introduced, two thirds (64%) of estate agents have seen demand from buy-to-let investors drop.

Just under two fifths (37%) of agents have seen house prices rise as a direct result of the Stamp Duty reforms.

The Chief Executive of NAEA Propertymark, Mark Hayward, comments: “There are currently ten house-hunters chasing each available property, and with supply at the lowest level for March since records began, building more homes to satisfy demand needs to be a priority.

“In line with this, while sales to first time buyers rose slightly in March, they’re still much lower than the levels seen in the last three months of 2016, which is cause for concern. The upcoming General Election is a good opportunity for each party to outline their plans for tackling the housing crisis – we hope to see it prioritised so we can make the market a better place once and for all.”

Homes Near the Best Christmas Markets

Published On: December 16, 2015 at 3:55 pm


Categories: Property News

Tags: ,,,,

One of the best ways to get into the festive spirit is a trip to one of the UK’s many Christmas markets. Even better, imagine having one of these merry delights on your doorstep!

Here, we take a look at some properties currently for sale near some of the country’s best Christmas fairs.


The Southbank’s Winter Market runs from 20th November to 24th December this year. Set along the picturesque riverbank of the Thames, its wooden chalets are full of Christmas food, drinks and gifts.

Valentine Place in SE1 is just a short walk from the market. Choose from one, two and three-bedroom apartments or mews houses in this brand new development, set around a former bakery. Prices start at £735,000, with

Homes Near the Best Christmas Markets

Homes Near the Best Christmas Markets

more details at Crest Nicholson:


Lincoln’s Christmas Market began in 1982, making it the oldest of this type of winter fair in the UK. It has grown from hosting just 11 stalls to 250 traders this year. The market can be found on the cobbled square between the cathedral and the castle.

The Quays on Burton Waters is a modern, three-bedroom family house close to the cathedral. Wrap up warm and head over to the market with your family and friends. The mews house is on the market for £435,000 through Mundys:


Last year, the Christmas market on Exeter’s cathedral green won the National Association of British Market Authorities’ best specialities award. It offers unique, handmade gifts and decorations, alongside wintery foods.

If you’d like to bring some Victoriana Christmas spirit home, why not look at this old-meets-new, two-bedroom cottage? The quirky property would make any festive season truly special. It is up for sale at £210,000 by Your Move:


Birmingham is home to the UK’s largest Christmas market and has been transforming the city at this time of year for a decade. The fair celebrates all things local, with musicians and schools participating to create a community feel.

No.10 Clement Street is a unique development of six large, contemporary apartments within an original Victorian redbrick building. Spread the festive spirit by inviting friends and family to your new pad. A two-bedroom apartment is £395,000 through Wolf’s:

Krakow, Poland 

Do you fancy a visit to an overseas Christmas market? Or maybe you’d like to move there! The ancient market square of Krakow becomes a winter wonderland at this time of year – enjoy some traditional Polish treats by heading out before the fair ends (sometimes it can last until January 6th, the Epiphany).

This two-bedroom apartment is within the Old Town, where the market is held. With exposed beams and plenty of light, this home makes the perfect Polish property purchase for anyone venturing abroad. It is on the market for £92,786 through Hamilton May:,5910.html

Perfect Quiz for All Property Lovers

Published On: November 14, 2015 at 2:19 pm


Categories: Property News

Tags: ,,,

Would you call yourself a property expert? Or maybe you’re just interested in British homes?

Either way, this quiz is perfect for you. With just a picture and a few details about the home – how many bedrooms it has, the style of property, where it is and its price – you’ll have to decide when the house was built.

Think it’ll be easy? Give it a go here:

Perfect Quiz for All Property Lovers

Perfect Quiz for All Property Lovers

The Grandest Gothic Homes on the Market This Halloween

Published On: October 30, 2015 at 2:07 pm


Categories: Property News

Tags: ,,,,

Halloween may be a time of pumpkins and fancy dress for most, but for us, it’s the perfect opportunity to uncover some of the grandest, historic homes with spooky twists.

Many of the country’s Gothic churches and manor houses have been converted into beautiful – if not slightly mysterious – homes.

This grand architectural style has created some of the most beautiful properties on the market – we take a look.

St John’s Church, Hertfordshire – £2.35m

This church conversion has won awards for its blend of period features and 21st century technology – it includes concealed televisions, under-floor heating and a Bose sound system in the living and dining rooms.

The home is spread over three floors and the main reception area is within the original church nave, with a stunning vaulted ceiling.

Fitzhugh Grove, SW18 – £1.1m

This Brothers Grimm-style Gothic building is set on Wandsworth Common, and you can buy a three-bedroom home within the striking property for just over £1m.

The three-bed slice of the house has multiple mezzanine levels and a rooftop terrace.

Cliffe Park Hall, Chesham, Buckinghamshire – £600,000

This peculiar Grade II listed castle was built in 1811, with Gothic windows, doors and arches, Tudor-style arch heads, a stone-covered entrance and vaulted roof. Can you picture yourself entering through this arch everyday?

Hever Gardens, Kent – £800,000

A former hunting lodge, this Grade II listed home dates back to 1851. Built in the prime of the Victorian era, it boasts grand Gothic architecture, including high ceilings, a pitched roof balcony, beautiful fireplaces and a spiral staircase that leads to a turret.

Wyfold Court, Oxfordshire – £2.35m

You can buy a wing of this Grand II listed mansion for £2.35m. The large, four-bedroom apartment is set over three floors. It includes original period details, including fireplaces and a decorative drawing room ceiling.

The Old Rectory, Witham, Essex – £2.35m

This intricate, early Victorian Gothic country house has a stunning walled garden. The entrance hall has a galleried landing above and the French-polished, oak-carved staircase has elaborate balustrades and finials.

Plas yn Cwm, Denbighshire – £1,395,000

If you’re looking for something a little larger, this country home in Wales has nine bedrooms and a turret with a spire, stone-mullioned windows and beautiful stained glass. The main reception rooms have views over the park and the house has been modernised throughout.


OnTheMarket Reports Another Record-Breaking Month

OnTheMarket Reports Another Record-Breaking Month

OnTheMarket Reports Another Record-Breaking Month

OnTheMarket has reported that traffic on its website rose again in September, making it another record-breaking month.

During September, the site achieved 5.6m visits, compared with 5.4m in August.

This activity included over 2.7m unique visitors, up from 2.5m in August.

Last month was also a record month for the amount of leads to agents, according to the portal.

Chief Executive of OnTheMarket, Ian Springett, comments: “We are delighted to see such a significant increase in our traffic yet again.

“Consumers are increasingly becoming aware of our new and exclusive properties, which are uploaded to OnTheMarket 24 hours or more ahead of any other portal and they know that to get ahead of the game, they should search there.

“Alongside our strong uptake in traffic, support among estate and letting agents for OnTheMarket to succeed continues to increase daily.”

He adds: “We believe it is only a matter of time before we overtake Zoopla as the number two portal in terms of available UK property listings, and provide agents and consumers alike with a credible alternative to the current duopoly of Rightmove and Zoopla.”1

The portal uses Google Analytics to measure its traffic.


















Vendors Can’t Find Homes So Aren’t Selling

Published On: August 13, 2015 at 1:57 pm


Categories: Landlord News

Tags: ,,,,

A shortage of homes on the market is causing would-be vendors to avoid selling their house, as they cannot find a new property to move to, claims the latest report by the Royal Institution of Chartered Surveyors (RICS).

New vendor instructions fell for the sixth consecutive month, with 22% of RICS residential market survey contributors reporting a drop.

Nine of the 12 parts of the country that the RICS monitors experienced a decrease, with a particularly sharp fall in East Anglia. Northern Ireland and the North East of England were the only areas to report a rise in vendor listings.

Vendors Can't Find Homes So Aren't Selling

Vendors Can’t Find Homes So Aren’t Selling

The lettings market is similar to the property market, states RICS, as tenant demand is continuing to rise, but landlord instructions are not keeping pace.

The RICS believes that this will cause an increase in rent prices around the UK, with members in the West Midlands, South East, East Anglia and London expecting the highest rent rises over the next year.

The report states: “Respondents in all areas agree that the lack of property for sale is causing somewhat of a vicious cycle, as the limited choice on offer at present is deterring would-be movers, and therefore further restricting new instructions.

“Meanwhile, new buyer enquiries rose for the fourth month in succession at the national level. The vast majority of areas reported some degree of growth, with the South East region the sole exception.”

Partner and joint head of residential at Halls in Worcester, Alan Metcalfe, says: “A lack of stock is allowing agents to push appraisal values up, with some achieving unrealistically high figures and some sticking.”1

Jan Hytch, of Arnolds in Norwich, adds: “Prices are still strong. However, demand is outstripping supply. Any recent properties are going within hours.”1

The study also found that respondents expect prices to increase during the next 12 months. It predicts that in a year, all parts of the UK will see “sizeable house price growth.”1

Chief Economist at RICS, Simon Rubinsohn, explains the findings: “A renewed acceleration in house price inflation allied to a fairly flat trend in sales activity highlights the very real challenge being presented by the housing market.

“More worrying still is the suspicion that the imbalance between supply and demand will lead to even stronger price gains over the next 12 months.

“This is also visible in the firmer pattern in the buyer enquiries series, which has now risen for four months in succession, reflecting, in part, a further modest easing in credit conditions.

“This trend could be brought to a halt when base rates do eventually begin to rise, but the dovish tone to the latest Bank of England inflation report suggests the first move will come a little later than previously thought likely, and that subsequent increases will be very gradual indeed.”1 

Research by property search engine Home also indicates that the amount of homes for sale in England and Wales is 11% lower than this time last year and 39% lower than in August 2007.

It reports that in the southern regions, buyers only have half the choice that was available to them eight years ago.

Home reveals that prices have risen by 0.6% in England and Wales in the past month, and by 1.5% in London.