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Introduction The property market in the UK is going through some important changes. One key factor is interest rates set by the Bank of England. The Bank of England’s nine-strong monetary policy committee (MPC) recently voted to hold the base rate at 5.25%. Something industry experts are calling the strategy ‘Higher for longer’ with the…
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In the ever-evolving landscape of the property market, sellers are finding themselves navigating through a mix of challenges and opportunities. The recent data from property platforms like Rightmove and Zoopla unveils a pattern that can no longer be ignored: the critical role of realistic pricing in securing a swift sale. While the demand in the…
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We explore how property auctions can provide a positive alternative for sellers, offering a secure and efficient way to navigate these uncertain times.
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The property market has been facing a challenging time in the past few years, with longer time-to-sell, falling prices, and increasing costs associated with fall-throughs. However, there’s one aspect of the market that has remained resilient and continues to provide a fast and secure way of selling properties: online auctions. Here are some of the…
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It is thought that around 250,000 homes are currently considered ineligible for mortgages as lenders fear the long-term effects of spray foam polyurethane (PU). The quick insulation method is thought to provide near instant improvements to a property’s energy conservation.
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The debate has moved on from whether house prices are falling or not. The debate now surrounds how big the drop will be?
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House prices in Britain are likely already falling. But the rising rates are expected to force sellers to market causing prices to fall further.
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Annual growth has begun to slow, now running at 9.5%. Speed and Security of Sale is becoming more important for those looking to get the best price.
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Last week, The Bank of England’s Monetary Policy Committee raised the interest rates up to 2.25% to combat inflation that sits at a forty year high of 9.9%. The government’s answer are reformations to the stamp duty tax.
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The Bank of England’s Monetary Policy Committee have raised interest rates by a further 50 basis points to combat surging inflation which sits at a forty year high of 9.9%. The rates increase, which is now up to 2.25%, isn’t as bad as some had predicted.
Whoobid Property Blog
An Expert Auctioneer's take on the UK Property Market
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