Tidal Properties

11/09/2021

📈 North East England Overtakes North West for BTL Investment 📈

📊 According to the website propertyforecaster.co.uk, Washington in Tyne and Wear top the latest Property Market Forecast.

📍 Hartlepool, Newcastle and Sunderland also feature in the top ten – ranked 4th, 5th and 10th respectively.

🤖 Property Forecaster's AI algorithm forecasts 'Diamond' properties which are most likely to have higher ROI in the near future.

❓ What are YOUR thoughts on this? ❓

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https://www.propertyforecaster.co.uk/report/forecast/index.php?id=25

14/07/2021

❗Half of pandemic homebuyers fear they overpaid for their property❗
(Source: Mortgage Solutions)

🔎 Aviva study suggests half of UK homebuyers who bought during pandemic regret the price paid on their property

📊 Almost all pandemic purchasers felt rushed into buying their home, meaning they missed problems during viewing.

🔔 94% of buyers felt they were under pressure to purchase a property quickly

📈 People made the decision to buy their property after ~40 minutes of viewing their property; this rose to ~46 minutes during the pandemic.

Half of UK homebuyers who bought during the Covid pandemic regret how much they paid for their property, research suggests.

12/07/2021

🔹 London property prices suffer biggest monthly fall after stamp duty holiday ends

▪️ Average price of a home in London dropped 2.01% to £491,687, lowering value by average of £10,000

📈 Annual rate of increase is just 3.3%, having fallen from 5.7% in November

❓What does this mean for property investors? Will there be more properties in negative equity❓

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The Londonproperty market suffered its biggest monthly fall in a decade in April as the mini-boom that followed the end of the first pandemic lockdown juddered to a halt.

13/06/2021

📈 Will house prices rise or fall when the stamp duty holiday ends? 📈

🔸 Demand for property has risen sky-high in recent months; likely to continue after the tax holiday ends. 🔸

📊 Experts say property prices are likely to rise after the stamp duty holiday ends (end of June)

▪️ The Treasury waived the stamp duty tax last July to give property buyers a break, and keep the property market going amid the coronavirus pandemic.

💷 More mortgages are being taken out; Bank of England reports a 4% increase in mortgage approvals between April and May 2021

📈 Estate agents are also seeing an increase in house sales – they are selling the highest proportion of homes they have, since 2002

❓ However, house buyers are worried that house prices will fall, leaving them in negative equity❓

👇🏽 What do you think? Like, share and comment below 👇🏽

(Credits The Mirror)

Demand for homes has sky-rocketed in recent months, and it's likely to continue well after the tax-free holiday ends

13/06/2021

🔥 UK housing market is on fire, warns Bank of England economist 🔥

🔸 Chief economist for the Bank of England, Andy Haldane, said the housing market is "on fire" thanks to the extension of government tax breaks and increased market demand. 🔸

▪️ Alongside the Bank of England's ultra-low interest rates, Haldane commented on these factors that the property market was likely to continue running hot

🗯️ "As things stand, the housing market in the UK is on fire" – Andy Haldane

▪️ “There’s a significant imbalance between incipient demand and available supply of houses, and because the laws of economic gravity have not been suspended, the result is pretty punchy rises in house prices.”

(Credits The Guardian)
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https://www.theguardian.com/business/2021/jun/08/uk-housing-market-is-on-fire-warns-bank-of-england-chief-economist

29/05/2021

🔹 Moneyfacts – No. of mortgage deals increases between April and May 🔹

▪️The number of mortgage deals in the UK available to home buyers has increased by 85 between April and May this year, according to Moneyfacts.

▪️According to Moneyfacts, which has just released its report on mortgage trends, the number of deals available rose from 3,842 in April to 3,927.

▪️Most of these new mortgage deals are for buyers with a 5% deposit. Comparatively, those with a 10% deposit increased between April and May, as well.

❓Is this a sign of a property boom? ❓

👇🏽 Please like, comment below and share! 👇🏽

The number of mortgage deals available to consumers increased by 85 between April and May, according to new data from Moneyfacts. According to the organisation, which has just released its Moneyfacts UK Mortgage Trends Treasury Report, the number of deals available rose from 3,842 in April to 3,927....

21/05/2021

🔹 UK property market 'has no understanding of economic logic', says property finder CEO

🗞️ (Credits Property Industry Eye) 🗞️

▪️Residential property prices have grown at the fastest pace in March, since just before the financial crisis hit in 2017

▪️Many rushed to take advantage of the government's stamp duty holiday

📈 Average price of a home in the UK increased by 10.2% in the year up to March, up from 9.2% in February.

📊 This is the highest annual growth rate the UK has seen since August 2017.

💬 "More than 12 months of on-off lockdowns has “completely unshackled the property market from the wider economy”"
(Jonathan Hopper, CEO of Garrington Property Finders)

https://propertyindustryeye.com/the-uk-housing-market-has-no-understanding-of-economic-logic/

18/05/2021

🔹 Average UK property price increases to a third of a million pounds 🔹

▪️According to figures by Rightmove, the average asking price has increased by 1.8% (£5,767) over the past month to £333,564

▪️"Unexpected mini-boom" started last year, continued into 2021

📈 Property market buoyed up by stamp duty holiday

📊 Demand for large homes has led for a race for space

❓ Is this a property bubble? Or an actual boom?

👇🏽 Comment below 👇🏽
(Source: Hilary Osborne, Guardian)
(17/05/2021)

Prices have increased most in Wales and the north-west of England and least in London, says Rightmove