We think it is important to keep our customers up to date with local property news as well as any developments within the lettings industry.
Burton Homeowners Move Every 13 Years. Why?
By Simon Joyce. Firstly, some juicy numbers! In Britain, there are 27,071,500 households, of which 17,044,450 are owned, and are worth a total of £3,925,865,212,950 (£3.92 trillion). Over the last 5 years, an average of 86,096 properties sell each month, meaning just over a million UK households move home per year. Therefore, the average British […]
The Busiest December for the Derby Housing Market Since 2006
By Simon Joyce. Over the last six months, the Derby Property Market has been flourishing. As soon as an estate agent’s ‘For Sale’ board went up, neighbours would be checking out Rightmove to see the internal pictures and compare the asking price to their own home (go on… admit you do that too!). Flabbergasted by […]
January Tenant Draw – and the Winner is…
Every month we have a prize draw to win a hamper! The draw is for every tenant that has moved into one of our properties in the month. The draw for January move ins was conducted by our Student Manager, Annie Cope and the winner is…. Good luck to everyone in the February Draw! […]
9% drop in Burton Homes ‘For Sale’ in Last 5 Months
By Daren Cope. With most families home schooling their children in lockdown and the forthcoming Stamp Duty Holiday deadline on the 31st March 2021, less properties have been coming onto the property market since the new year. In our local area of Burton, for example, this has prompted a 9% drop in the supply of […]
Time to Stamp Out Stamp Duty?
By Simon Joyce. Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak, quickly followed suit by the Welsh and Scottish Governments, announced last July that Stamp Duty was partially being suspended on all English property transactions […]
1503 Burton Homeowners Unchained from Toxic Leasehold Rules
By Daren Cope When William the Conqueror invaded our fair shores in 1066, like all good kings, he needed to buy loyalty and raise cash to build his castles and armies. He did this by feudal law system and granted all the faithful nobles and aristocrats with land. In return, the nobles and aristocrats would […]
Brexit, Derby House Prices and Mortgage Payments…
By Daren Cope Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Derby home and the […]
5% Unemployment and the Local Property Market
By Daren Cope 12 months ago, the unemployment rate in Derby and Burton stood at 2% of the working population, yet with Coronavirus hitting the UK, what impact will this rise in unemployment have on the local property market? As I have discussed a number of times in my articles, this summer saw the local […]
Will A ‘No Deal Brexit’ Affect Derby House Prices
By Daren Cope. I remember back in April 2020 when the major financial economists and property market commenters were sounding the alarm. The very best-case scenario was a 5% drop in property values by the end of the year, and most were in the 10% to 15% range. They forewarned the Covid-19 stimulated recession would trim […]
A 2021 Property Crash in Derby and Burton?
By Simon Joyce. All reasoning points to a property crash in 2021, right? Not at all! I’m going to give you the reasons why it will not be the catastrophic scenario some are predicting. In the last few months, both the Derby and Burton property market has resisted and flouted every economist’s prediction. With the economy a […]
