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Aspire Estate Agents

@aspirenews

SW London's leading estate agents bringing you the latest local property news and views. #smallthingsbigdifferences

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Aspire Estate Agents Reposted

Boom! Deal agreed by @RosannaPryor with @aspirenews for lovely clients in South West London & follows up with completion for other clients a mile away!


March 2023 vs November 2022

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Mortgage rates also continue to fall as interest rates soften, with some deals for first-time buyers now below 5%. It is a trend which is expected to continue and should encourage this segment of the market to become more active.Source: Dataloft, Rightmove, MoneySuperMarket

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As households across the nation dust off the age-old recipe for gingerbread houses, we’ve taken a look at what house builders have cooked up recently. Almost 200k new homes were registered in the year to end of 9/ 2022, the highest total since before the Global Financial Crisis.

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The UK's top ten mortgage lenders lent an eye-watering £260 billion in 2021, increasing their market share to 84.4%, up from 82.4% in 2019 (data released in August 2022, UK Finance).

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First-time buyers could save up to £6,250, because they will now be exempt from stamp duty on the first £425,000. The purchase price at which they can take advantage of this relief has been raised too, from £500,000 to £625,000.

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Nearly 4 million people, close to 6% of the population, participate in tennis, placing Great Britain in the top 10 of tennis nations across the globe.

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London has seen the highest increases: annual (14.2%) and monthly (1.9%). The cost-of-living crisis could put downward pressure on rental growth. Currently, the imbalance between supply and demand continues to be the force behind rent inflation

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Almost three-quarters of people are worried about the energy efficiency of their homes given the ongoing energy crisis, according to a recent survey by the Home Builders Federation (HBF).

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A net balance in demand of +64% was reported by survey participants for renter demand. The strongest result since 1999. In the sales market, participants recorded a net balance of +16% for new buyer enquiries, up from +9% in December. This is the strongest figure since May 2021.

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The number of first-time buyers grew by 35% in 2021, compared to the pandemic year of 2020, despite the ongoing uncertainty.

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Undoubtedly a result of the ‘search for space’ which has epitomized the property market this year.

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The rate of house price growth is due to slow in 2022, but remain positive, ranging from 2% (London) to 4.3% (North West).

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Rental growth forecasts for the next 12 months are slightly above 3%. Over the next five years, rents are forecast to increase by 4% per annum across the UK (RICS).

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Team GB are bringing home the medals at Tokyo 2020, but property not gold has proved the best investment proposition in recent years. The average price of residential property has increased by 46% over the last 10 years, over double that of gold.

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The number of dwellings has increased by 4.6% across England and Wales since 2016, the East of England and South West seeing proportionally far higher rises.

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Gardens are currently the most sought after property feature for buyers according to results of the latest Dataloft poll of agents. Following the UK's first lockdown over a year, 67% of buyers and 64% of renters said a garden was more important.

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Nearly half of all homemovers would consider a new build property, new build sales accounting for 1 in every 8 properties sold across the UK.

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The number of homes for sale across the UK is at a record low, a shortage of properties underpinning price growth across the market, now at its strongest since October 2014. Source: Dataloft, HMRC, UKHPI, Rightmove


With an estimated 979,500 golf players, courses reopening in England on the 29th March (joining Wales and Scotland) will be a joyous occasion for many.

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