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Demand outstrips supply as property market shows no sign of slowing down

14/07/2021

 

In the property market there is currently a huge shortage of properties available for sale, and house prices are higher than ever, which has led to demand outstripping supply.

At the moment housing market demand is up 28.6%, however available properties to buy are down 20.8% (year to date vs 2020).

Nearly 120,000 transactions completed in April 2021, which was 21% higher than the April 2014 to 2019 average. Whilst nearly 90,000 mortgages were approved in April, which is a huge 30% higher than the April 2014 to 2019 average.

Over 265,000 first-time buyers in England and Wales have benefited from the government Help-to-Buy Equity Loan schemes since they were first introduced back in April 2014 and January 2014.

Thinking about moving this summer? Why not use our instant online valuation tool to find out how much your property is worth, or use our mortgage finder to find out how much you could borrow for your next home? 

Why not speak with your local branch and book a market appraisal to get a full detailed valuation of your property. 
 

Property market continues to accelerate

11/06/2021

The property market is busier than ever at the moment, with both the sales and rental market accelerating. 

The combination of increasing property prices and low mortgage rates are meaning that properties are flying off the shelf when they come to market. We're seeing properties sell extremely quickly and according to data from Rightmove the average is now 45 days for properties to go to sold subject to contract, and many properties are taking even less time than that. 

The rental market has also seen monthly rental values increase, and the average monthly rent is now £853 which is up 6.2% on last year.
 
So if you are thinking about moving then now is the time. Think you know the value of your home? Maybe think again. Almost half of all UK homeowners actually undervalue their home by a staggering £46k. 

Why not speak with your local branch and book a market appraisal to get a full detailed valuation of your property. 
 

Belvedere House, Spring Open Day - Saturday June 5th 2021

03/06/2021

Don’t miss the chance to view these luxury apartments, wiith lockdown after lockdown, it’s been a tough few months for property buyers - but no more!

Juniper Homes are opening their doors and inviting you to a Covid-safe open day for this small private development in Lansdown, just 1.5 miles from Bath City Centre.

Booking recommended, but if you can’t book in advance, just pop in – we’ll be there for you.

Book your place today: 0117 461799 or find out more at belvederehouse.co.uk

Belvedere House, Spring Open Day - Saturday June 5th 2021

03/06/2021

Don’t miss the chance to view these luxury apartments, wiith lockdown after lockdown, it’s been a tough few months for property buyers - but no more!

Juniper Homes are opening their doors and inviting you to a Covid-safe open day for this small private development in Lansdown, just 1.5 miles from Bath City Centre.

Booking recommended, but if you can’t book in advance, just pop in – we’ll be there for you.

Book your place today: 0117 461799 or find out more at belvederehouse.co.uk

Belvedere House, Spring Open Day - Saturday June 5th 2021

21/05/2021

Don’t miss the chance to view these luxury apartments, wiith lockdown after lockdown, it’s been a tough few months for property buyers - but no more!

Juniper Homes are opening their doors and inviting you to a Covid-safe open day for this small private development in Lansdown, just 1.5 miles from Bath City Centre.

Booking recommended, but if you can’t book in advance, just pop in – we’ll be there for you.

Book your place today: 0117 461799 or find out more at belvederehouse.co.uk

Property market looks set to be busier than ever 

12/05/2021

Spring is traditionally a busy time in the property market and this year has been no different, if anything it's been busier than ever. 

The average UK property price is currently just over £230k which is up 6% on March 2020, and unsurprisingly transactions are now 49% higher than last year

There's also great news for those looking for help with purchasing a property as the new 95% mortgage scheme has been launched. This means that first time buyers and current homeowners in England will be helped to secure a mortgage with just a 5% deposit under the new government scheme.

In the lettings market tenant demand has also continued to increase, however landlord instructions are ever so slightly decreasing which means demand is continuing to out weigh supply.

Thinking about moving this summer and need to know the value of your property in just a few clicks? Tell us a bit of information about your property and our online wizard will give you an estimate for how much it may sell or let for in just a few minutes. It’s as simple as that.


Increased buyer demand fuels Spring market

08/04/2021

According to recent data there has been a 36% increase in housing market demand since the start of 2021, which means that the traditional spring market is set to be busier than ever. Have a read of our article to find out just how much demand rose in February and March this year. 

If you're thinking about taking advantage of the increase in buyer demand and putting your property on the market then you might be wondering how long it will take to actually sell and complete on your property? Well, due to the pandemic and the increase in sales due to the stamp duty holiday the average time for an agreed sale to complete has increased.

If you're planning to sell your property, it's important to get an accurate estimate of how much it could be worth. Click here to complete our online valuation form for a free, no-obligation predicted property valuation.

What does The Budget mean for the property market?

11/03/2021

Last week in The Budget it was announced that the stamp duty holiday would be extended to the end of June this year, and then would be tapered off. This extension will allow thousands more buyers to benefit from the holiday and is likely to encourage many sellers to put their property on the market as soon as possible as well.

The 'mortgage guarantee scheme' was also announced which gives hope to those who have previously struggled to get a mortgage with a 5% deposit. If you'd like to find out more about this scheme then speak to one of our Mortgage Advisers who can explain more about what this means for you and your situation. 

The property market has had a busy first quarter as property prices have increased by 8.5% with the average property price now just above a quarter of a million pounds. This January was also the busiest January for 14 years with over 120,000 transactions completed in the month

Our teams across Andrews in sales, lettings, mortgages and insurance protection are available online or on the phone. We're also able to provide virtual viewings and valuations, or follow our covid-secure guidelines to provide in person viewings and valuations where necessary. 

For more information on how we are looking after you and our staff see here.

Want to find out more about the property market in your area? Then take a look at our latest monthly insights.

 

Property market continues to make positive progress

09/02/2021

 At Andrews we understand how important buying, selling, letting or renting a property is, no matter what is happening in the world. Which is why we're continuing to review and improve our safety measures all the time. 

Our teams across Andrews in sales, lettings, mortgages and insurance protection are available online or on the phone. We're also able to provide virtual viewings and valuations, or follow our covid-secure guidelines to provide in person viewings and valuations where necessary. 

For more information on how we are looking after you and our staff see here.

Are you a buyer, or seller, wondering what's important when it comes to buying or selling? Well we've got a list of the most important things buyers look for when purchasing a property including property photos and floor plans.

It's been good news in the mortgage world as mortgage approvals have all but recovered following the forced closure of the housing market in March 2020. Looking at January to November of last year mortgage approvals were only down 0.9%, compared to the same period the year before.

Have you been managing to save some cash during lockdown, maybe to increase your house deposit? If so you're not alone. Use our instant online valuation tool to find out how much you could sell your current home for if you're thinking about taking a step up the property ladder.  

Want to find out more about the property market in your area? Then take a look at our latest monthly insights.

 

We're still open for business

21/01/2021

 

We know how important buying, selling, letting or renting a property is, and there are just somethings that can’t stop even during lockdown. That is why we are continuing and improving how to safely provide you with all our services whenever you need us.

Our teams across Andrews in sales, lettings, mortgages and insurance protection are available online, on the phone, via virtual viewings and, if necessary in person with the appropriate precautions. For more information on how we are looking after you and our staff here.

Are you thinking about moving this year and considering purchasing a new build? Well you're not alone as almost half of home movers will consider buying a new build property

Struggling to keep the kids entertained? Make sure you take a look at our Young Estate Agent Drawing Competition to keep them busy and be in with a chance of winning a Book Token gift card!

Want to find out more about the property market in your area? Then take a look at our latest monthly insights.

 

Number of property transactions return to 'pre-covid' levels

10/12/2020

As we come to the end of the year you might be turning your thoughts to your plans for 2021. If moving home is on your to do list for next year then make sure you speak to one of our property experts at your local branch who can help you get everything in place ready for a smooth move. 

The good news from the property market is that transaction levels returned to 'pre-covid' levels in September where there were nearly 100,000 transactions completed, a trend that is expected to continue throughout winter.

Looking to keep the kids busy in the lead up to Christmas? Head over to our Facebook page to enter out Kids Christmas Colouring Competition to be in with a chance of winning a £50 Kids Choice Voucher. Full details including terms and conditions can be found on our website

As the temperature drops it's probably likely your heating is on more than normal, but do you know how energy efficient your home or rental property is? Take a look to see how energy efficient rental homes generally are, and if you could benefit from the Government's Green Homes Grant which has now been extended. 

Want to find out more about the property market in your area? Then take a look at our latest monthly insights.

View our latest update and video to find out more about our Coronavirus policy. 

The property market is still open for business

10/11/2020

Although we are now in a second lockdown until early December the property market, and Andrews, are still open for business. Housing secretary Robert Jenrick has stressed that the property market can continue to operate while following Covid safety guidance.

Take a look at our latest update and video to find out what we're doing to keep everyone safe during this period. 

As we near winter are you becoming more and more concerned about the energy efficiency of your home? If so then now is the time to take action and take advantage of the Green Homes Grant from the government. 

There's been good news from the Mortgage sector as approvals have been on the increase since August, showing that the backlog is finally lifting. If you'd like to speak to a mortgage adviser about your options then be sure to check out our Mortgage website

If you're wondering how the property market has changed this year in your area then take a look at our latest monthly insights.

Property market well on way to recovery 

07/10/2020

Figures released in August and September this year have shown that the property market is well on its way to recovery, following on from the nationwide lockdown earlier this year.

The number of transactions across the UK have increased significantly as well as house prices. According to the Nationwide House Price Index annual price growth picked up 5% in September, the highest rate since September 2016. Whilst mortgage availability and approvals have also increased after being limited in April and May.

Tenant demand has also continued to increase and short term rental growth is expected. Since May this year there has been a sharp uplift in both tenant demand and landlord instructions. 

If you're wondering how the property market has changed this year in your area then take a look at our latest monthly insights.

Property market gathers momentum 

08/09/2020

Since it was announced that there would be a stamp duty holiday the property market has seen a mini boom of interest. Naturally, most of this interest has been focused on those properties that will most benefit from this change, with a huge increase in interest in properties on the market for over £300k. 

If you're selling your home, or are thinking about putting it on the market soon, then make sure you have a read of our blog on property viewing turn-offs - and how to avoid them! Also check out our tips to make sure your home is ready for viewings to make the best first impression. 

If you're a first time buyer then make sure you have a read of our guide to make sure you're clear on the whole buying process, and also take a look at our mortgage website where we have exclusive deals for first time buyers. 

If you're wondering how the property market has changed this year take a look at our latest monthly insights for your area, and sign up to receive updates straight to your inbox. 

When is the right time to move?

12/08/2020

Since it was announced that there would be a stamp duty holiday the property market has seen a mini boom of interest. In the five days after the chancellor's announcement, Rightmove reported a 35% rise in the number of sales agreed in England compared with the same period last year.

If you are thinking about taking advantage of the stamp duty holiday and you've got to sell before you purchase then make sure you leave yourself enough time. Although March 2021 may feel a long time away, the property market can be unpredictable and you never know how long it may take to sell. 

If you're a landlord looking to invest then now is also the perfect time. Taking advantage of the stamp duty holiday could help you save thousands. 

If you're wondering how the property market has changed this year take a look at our latest monthly insights for your area, and sign up to receive updates straight to your inbox. 

How is the property market adapting?

08/06/2020

The property market has been re-opened and it’s great helping people with their moves again.

We’ve made our offices as safe as possible, following the COVID secure guidelines.

We’re able to offer virtual viewings on all properties and we’ve also got precautions in place for physical viewings too, take a look below to see how these appointments now look.

Our Mortgage and Protection teams are also able to provide virtual appointments to discuss your finances and make sure you've got the right protection and mortgage in place at the moment. 

At the moment we’re currently arranging all Key Workers mortgages for free and also arranging all remortages for free, so there’s never been a better time to speak to an adviser. For more information about these offers, see here.

This month we've taken a look at how the lockdown has affected both buyers and sellers and if it's changed their plans. Our CEO, David Westgate, also discusses whether now is a good time to buy and if Coronvairus will affect property prices. 

Wondering how the property market has changed this year? Take a look at our latest monthly insights for your area, and sign up to receive updates straight to your inbox. 

The property market is back moving

18/05/2020
Whilst we’re in the middle of a nationwide lockdown now might not seem like the best time to be thinking about your next move, however that’s not necessarily the case.

The property market has been given the go ahead from the Government to start operating again and we are doing all we can to help people safely make their property moves. 

At the moment we’re currently arranging all Key Workers mortgages for free and also arranging all remortages for free. There’s never been a better time to speak to an adviser. For more information about these offers, see below.

If you're not quite ready to put your property on the market yet, there are lots of things you can be doing right now to make sure you’re organised for your future plans.

If you would like any advice on the current situation or property market in your area then speak to one of your local property experts. Our branches are now open, operating from 10:30 – 18:00 Monday to Friday and 9:30 – 13:30 on Saturday and following the Government social distancing guidelines.

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