Posts with tag: summer

Latest Property Activity Index shows UK lettings market uplift in summer

Published On: August 22, 2019 at 8:29 am


Categories: Lettings News

Tags: ,

Activity has increased across the UK lettings market during July this year, according to the latest data from the Agency Express Property Activity Index.

From the national month on month figures, we can see that new listings ‘To Let’ sat at 8.5% and properties ‘Let’ at 6%. Looking at previous records from the Property Activity Index, we can also see that, while lettings market activity was generally greater throughout 2018, this month’s figures have exceeded those recorded 12 months previous.

Eight of the twelve regions recorded by the Property Activity Index reported increases in new listings ‘To Let’. Ten of these regions reported increases to properties ‘Let’.

The East Midlands achieved the top spot on this month’s leader board with new listings at a healthy 46.7% and properties ‘Let’ at 23.3%. East Anglia also had a fruitful month, with new listings at 27.4% and properties ‘Let’ at 29.6%. Both regions reported record best figures for July.

Other prominent performing regions included:

Properties ‘To Let’

  • South East 16.4% 
  • Yorkshire & Humberside 16.1% 
  • South West 10.8% 
  • Wales 10.8% 

Properties ‘Let’

  • North East 17.2% 
  • Yorkshire & Humberside 7% 
  • South West 6.7% 
  • London 5.8% 
  • Wales 4.3% 
  • South East 4% 

The Property Activity Index shows that Central England saw the largest declines across the market this month. New listings fell for a second consecutive month at -0.50%. Properties ‘Let’ fell to -11%. However, over a three-month rolling period, figures were greater at 3.9% and 0.1%, with year on year activity remaining on trend.

Stephen Watson, Managing Director of Agency Express, says: “July has been an unexpected month for the UK lettings market. Usually we would see slower movement throughout the summer holidays but this month’s activity, which is somewhat reflective of an increase in our customer base has been buoyant. 

“Looking forwards, while we expect to see further increases in August, we don’t envisage a real pickup in activity until September. It will be interesting to see if the current rate of activity continues.

Garden Landscaping could Increase your Property’s Value by 77%

Published On: May 3, 2019 at 9:31 am


Categories: Property News

Tags: ,

To mark National Gardening Week, research from Post Office Money has found that property owners who have improved their homes with garden landscaping enter the market at a significantly higher value than other, similar properties.

Landlords, if you’re looking to add value to a property that you’re thinking of selling, then garden landscaping could boost your asking price by up to 77%!

Analysis based upon the median asking price of a three-bedroom, semi-detached house in the UK (£286,000) found that garden landscaping added the most value to a home, at 77% more than the local median asking price.

This compares to other home improvements, such as an extension, new kitchen and conservatory, which add less value to a property.

One in five (18%) homeowners have landscaped their gardens in the past five years, Post Office Money found, costing an average of £2,750.

One in four (28%) did so because they thought that it would be a good investment and would add value to their properties, but the most popular reason for making home improvements was to improve the look of a home (cited by 59% of respondents).

In order to fund their home improvements, three in four (74%) property owners used their savings, one in six (16%) used a personal loan or credit card, while one in sixteen (6%) used equity release or mortgages.

Post Office Money’s Chrysanthy Pispinis says: “Over the past few years, house price growth has slowed, so homeowners have turned to other options to add value to their homes – with improvements being a clear opportunity.

“Making the right changes to your home can increase its market value significantly – with garden landscaping coming out on top for the most value added. However, home improvements are not all about making changes which add value for re-sale; 63% of the homeowners we polled had no plans to move. Renovations allow homeowners to create homes that reflect their needs and tastes, with the potential added benefit of adding value in the long-term.”

If you think that garden landscaping could benefit your property, read these top tips from our sister company, Just Landlords:

Selling your Property in the Summer Market

Published On: August 17, 2018 at 8:53 am


Categories: Property News

Tags: ,,

By Steve Larkin, the Director of Development Finance at LendInvest

The housing market can be incredibly seasonal. There are lots of different external pressures that affect the levels of activity, with the seasons’ chief among them.

While interest levels are generally at their highest in the spring and the autumn, things inevitably slow down sharply in the summer. There are plenty of reasons for this, not least the fact that would-be buyers are otherwise occupied with holidays or actually enjoying the half-decent weather while they can.

Given the choice of a trip to a barbeque or a look around a property, you’re fighting an uphill battle to get them to opt for the latter.

Nonetheless, there are steps developers and vendors can take to boost interest in the property and improve their chances of securing a sale, even when the summer weather is at its very best.

Who am I selling to?

From the outset, it’s really important that you have a clear idea of precisely what type of buyer you are likely to be selling to. Are your units going to appeal to young families, older buyers, landlords or some other demographic?

Understanding your target market is crucial in informing your marketing and the way you present the property – a young family will be driven by the heart far more than a landlord, who wants to dive into the finances first and foremost.

And, by having this focus, you will ensure that would-be buyers within this demographic are more likely to want to view your property when they do opt to look around possible homes, rather than others which are not so obviously designed to meet their needs.

Think about your kerb appeal

Selling your Property in the Summer Market

Selling your Property in the Summer Market

You don’t get a second chance to make a first impression, so it’s important that you go through the buyer’s arrival in advance. What will a buyer be met with when arriving at the property?

If your property has real kerb appeal, if it has the wow factor that means that a buyer immediately feels positive about it even before going in the front door, that will make actually selling it much easier, irrespective of the time of year.

It’s what’s on the inside that counts

How your property looks on the outside is key to making a good first impression, but it’s the actual content of the property that will be the most crucial element in clinching a sale.

Working out what your vision is for how the property should look on the inside will, of course, be significantly informed by who that target market is, but, equally, it’s important that you take the time to educate yourself on interior design trends, to ensure that the property you produce feels as contemporary as possible.

If interior design isn’t your thing, that isn’t a problem in and of itself. But you cannot ignore that weakness – if you don’t have design expertise, then find someone who can provide you with it.

Winning the space race

Whether you’re selling to a first time buyer, a last time buyer or a property investor, they will all want to feel like they are getting a decent amount of space for their money.

As such, it’s crucial that you find ways to accentuate just how much space they will have to play with. That process begins outside the property itself – everything from the garden to the driveway is a selling point, and needs to be presented in that way, too.

By giving them due attention in the sales process, you will increase the appeal of the property and boost your chances of closing a deal, even in the middle of summer.

Inside the property, take your time to find the best way to arrange the furniture to show off the space at the disposal of any buyer. Avoiding clutter is crucial here.

The start of the sales process is earlier than you think

Developers/vendors really need to start thinking about how they plan to sell the property, even before the development process actually begins. It’s only by incorporating it into this early stage that you can ensure you have the budget left to give it the final push necessary to overcome any additional hurdles the summer months may throw up.

A show home can provide a huge boost in delivering the best possible sales price, but that’s something you need to think about and budget for very early on.

Similarly, you need to put some real thought into just who is going to be handling the sales process as early as possible. Having your sales team in place and an agreed strategy early on means you can hit the ground running and continue to promote the property in the right way, no matter the season.

It’s been a Slow Summer for the Property Market, Reports Agency Express

Published On: August 4, 2017 at 9:03 am


Categories: Property News

Tags: ,,,

It’s been a typically slow summer for the UK property market, according to July’s Property Activity Index from Agency Express.

It's been a Slow Summer for the Property Market, Reports Agency Express

It’s been a Slow Summer for the Property Market, Reports Agency Express

The figures show that the property market has sprung no surprises this summer, as the index reveals a slowdown in activity during July.

On a monthly basis, the number of new property listings for sale dropped by 16.6%, while the amount of properties sold fell for the second consecutive month, by 5.9%.

However, looking back over the index’s historical records, a drop in July was anticipated. Annual comparisons show that the declines seen this year are lower than those recorded 12 months ago.

Figures seen over a three-month rolling period are also performing favourably, again exceeding those recorded in 2016.

Across the country, just three of the 12 regions included in the Agency Express index bucked the seasonal trend. This month’s top performing region was the North East. Following three months of decreases, new property listings rose by 3.1%, while the number of properties sold was up by a record best 10.7%.

Other prominent performers included:

New property listings 

  • East Midlands: +4.4%
  • North East: +3.1%
  • Scotland: +2.5%

Properties sold

  • North East: +10.7%
  • South West: +4.4%
  • Wales: +0.4%

The greatest declines recorded in July’s index were in London. New property listings dropped by a huge 46.1%, while the amount of properties sold was down by 8.7%. Again, looking back at Agency Express’ historical data, this year’s figures are better than those recorded in previous years.

Stephen Watson, the Managing Director of Agency Express, comments on the latest data: “Throughout the summer holiday months, seasonal adjustments are anticipated, so we are not surprised by July’s figures and expect similar trends in August.

“This aside, the UK property market seems to have plateaued along with lending, so the usual September bounce-back may not be as robust.”

For the latest Agency Express index for the lettings market, click here: /rental-market-activity-cooled-june/


Looking After Your Home While on Holiday

Published On: August 13, 2016 at 8:32 am


Categories: Property News

Tags: ,,,,

You might have heard horror stories about people who travelled for a holiday and came back to a home in a mess. Sometimes, there is news of a break-in. Sometimes there has been a fire, flood, or other incident when away.

Holidays should be about relaxing and recharging, not experiencing unnecessary headaches on your return. If you have plans to leave town for any amount of time, adopt these simple precautions to ensure that your home is safe and you have peace of mind.

It is always a good idea to turn all plug sockets off and turn the mains water off before you travel, as this can eliminate the cause of most water and fire issues. You main not be able to turn of the mains electricity at the circuit board if you are using timed lights.

Most break-ins occur because there are tell-tale signs that no one is home. The idea is to travel without making it obvious to likely perpetrators that your home is unguarded.

Do the following:

  1. Cancel your regular deliveries and services

Don’t forget to call in the newspaper, milk or grocery company and suspend delivery for the duration of your trip. If you don’t do this, your deliveries may well pile up in front of your home, letting people know that the house is empty.

The same goes for your mail – if you are going to be unavailable for an extended period, ask the post office to hold your mail.

  1. Talk to your trusted neighbours

Looking After Your Home While on Holiday

Looking After Your Home While on Holiday

You probably have neighbours with whom you maintain a good relationship. Ask them nicely to take out your rubbish bins (or do this before you leave), hold your mail or feed your pets.

Inform them about your trip, when you will be back, and how to reach you if there is an emergency at your property.

Of course, remember to bring a little something for them from your trip.

  1. Lock down the hatches

Make sure your back and side entrances are shut and properly locked, especially all windows. Set your alarm if you own one, or think about getting a false one – they give unwanted visitors the impression that your home is secure.

Don’t leave your spare set of keys where you usually hide them (under the flower pot or door ledge).

Switch on your sensor lights and take away ladders and gardening tools or anything else that will make it easier for a burglar to get in.

Take your valuables along with you or lock them away in a bolted down safe.

  1. Give the impression you are home

Switch on the timer lights, so that they automatically come on for a limited period in the evenings. If you aren’t travelling with your car, leave it in the driveway.

Get a friend to mow your lawn or house sit on the occasional night. Some people even hang some clothes on the line, so it looks like they are still home.

  1. Halt work on your property

Try not to make a trip if you have some major renovation projects at your home.

  1. Be careful about broadcasting your travel plans

Social media is a fun place to share regular updates, however, it can also backfire. Refrain from telling everybody about the details of your trip. Don’t tell people you don’t know that you are going away – they may take the opportunity to arrange a burglary; exercise a little caution.

Finally, update your insurance to cover your home while you are away.

Then… Enjoy your trip!

Tips from The House Shop