With the delays on building new homes during the pandemic, the Government have confirmed an extension of the Help to Buy scheme. Extending the equity loan scheme beyond December 2020 will go a considerable way to help support the housing market. We take a look at the scheme as it was before, and the plans to extend it.
When lockdown was enforced back in March, it was a worrying time for all business and industry sectors. Not least the property market. For new build homes especially, 2020 had started out a strong year. The last time new homes sales started the year as high, was back in 2016. But, what would the impact of lockdown have on new build home sales? Well, over six weeks on and analysis from Zoopla shows it has been more positive than we might have thought. Here’s how, and why…
Some might argue the effectiveness and popularity of Government schemes to assist those buying property. However, new research from Zoopla, UK’s online property search provider reveals how Help to Buy has been a success and where in the country it’s been the most effective.
What better way to start a new chapter in your life than in a new home, with new neighbours, in a new village! When it comes to new villages, they offer a new start for everyone, not just you. There is plenty of potential for building fresh community spirit together. And of course, to take advantage of new spaces and amenities. Find out more about the benefit of buying property within a new village and take a look at a popular one which is in development in Chester.
Last week, it was confirmed that a new Government scheme has been proposed to help more first-time buyers purchase properties in their local area. The First Homes Scheme will see new-build properties reduced by at least 30% of the market price. They will be prioritised for first-time buyers, serving members and veterans of the Armed Forces, as well as key workers, such as nurses, police and teachers.
Essex sees huge property price growth Looking at the country as a whole, statistics show that Essex has experienced some of the largest property price rises on average, in recent years. Recent data from Rightmove dug a little deeper to show those regions of Essex where house prices have rocketed in the last five years. And, it might surprise you to know that Basildon tops the list!
At the end of June, Prime Minister Boris Johnson shared plans to build more new homes and overhaul the planning system. His pledge was a simple one – to ‘build, build, build’. The aim is to make it easier to build homes in areas where people want to live. This requires radical changes to the country’s planning system, the likes of which haven’t been since the Second World War. Here’s more about the plans…
New figures were published last week showing significant positivity in the housing market. This comes by way of an unprecedented rise in the average asking price of properties. Since the General Election in December it would appear confidence has returned to the market, leading to a new record in property asking prices. But, is an increase in house prices a good thing?
After all the waiting and whispers, Chancellor Rishi Sunak has confirmed stamp duty changes to take place with immediate effect. The change has been introduced to revive the property market and help kick-start the economy. Billed as a stamp duty ‘holiday’ as it will last until 31st March 2021, it sees the threshold for stamp duty tax raised to £500,000. Here’s more…
For obvious reasons such as Brexit and political uncertainty, house price growth last year was a little stagnant. In fact, figures shared by Post Office Money, found by analysing ONS data, shows there was an increase of only 0.9% across the UK. This saw the average home in 2019 cost £282,713. But the figures also reveal a couple of regions across the country where growth outstripped the national average and reached double figures. We look at some of these areas and the new build homes you can find there…
