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Two Bedroom, Two Bathroom Apartment Available to Let in Handleys Court, Hemel Hempstead, HP2 4FW£1,400 PCM £1,600 Deposi...
06/02/2024

Two Bedroom, Two Bathroom Apartment Available to Let in Handleys Court, Hemel Hempstead, HP2 4FW

£1,400 PCM
£1,600 Deposit

Available immediately
1 Allocated Parking Space.

Feel free to contact us for more info :)

More than a quarter of landlords who own five or more properties are planning to increase their portfolio over the next ...
24/07/2023

More than a quarter of landlords who own five or more properties are planning to increase their portfolio over the next year, while one in five who have 2–5 properties are also planning to expand (Rightmove).

Over half of landlords are planning to keep their property portfolios consistent or increase the number of properties they own. Single-property landlords are more likely to be looking to leave the sector.

Published in 2022, the English Private Landlord Survey 2021 found that 18% of landlords owned five or more properties but such landlords represented 48% of all tenancies

A Property Academy survey of close to 6,000 landlords indicated that over three-quarters of landlords owed less than half the value of their portfolio on their buy-to-let mortgages. Landlords with lower loan-to-value mortgages are less impacted by current market volatility.

Source: , Rightmove, English Private Landlord Survey 2021, Property Academy Landlord Survey 2022

Property prices have moderated and while demand remains across the market, sensible and realistic initial pricing impact...
20/07/2023

Property prices have moderated and while demand remains across the market, sensible and realistic initial pricing impacts on sales success.

Data from Rightmove indicates that properties that experience a price reduction are 10% less likely to go under offer. They are also on the market for more than double the time, before they go SSTC (Sold Subject To Contract).

After a period in which property prices have risen sharply, sellers can be overly optimistic in their expectations. Experienced and knowledgeable agents will price the property for the current market.

Latest research by Zoopla indicates that the average reduction on initial asking price at point of sale is 3.8%, although more than 40% of recent sellers have accepted offers of 5% or more below.

Source: , Rightmove, Zoopla

Renter affordability is becoming increasingly stretched as growth in private rental prices continues. On average renters...
30/06/2023

Renter affordability is becoming increasingly stretched as growth in private rental prices continues. On average renters now pay 26.8% of their gross income on rent, compared to 25.7% three years ago.

Annual rental growth in the UK was 9.8% in the year to March, based on new private tenancies (DRMA). Growth of 4.9% was recorded by the ONS, which includes pre-existing tenancies and new lets.

Rental price growth is currently stronger than wage growth, at 6.6% in December to February. Wage growth was also lower than inflation, adding additional pressure to household incomes.

The latest survey of agents by RICS indicates demand for rental properties continues to outpace available supply. However rising affordability ratios are likely to start to limit rental growth.

More than 75% of agents state that properties are selling at a reduction on the initial asking price according to the la...
29/06/2023

More than 75% of agents state that properties are selling at a reduction on the initial asking price according to the latest poll of Dataloft Inform subscribers.

With property price growth softening, realistic pricing is paramount to sales success, with many vendors seemingly overly optimistic in current market conditions.

Rightmove reported the average asking price of a newly listed property rose by 1.8% between April and May.

More than 50% of agents state that properties are, on average, selling with a price reduction of up to 5% on the initial purchase price, while 23% indicate reductions are more substantial.

Back in November, half of all agents stated properties were selling at asking price, compared to February 2022 where many were selling above asking price. Source: Poll of Inform subscribers

Recently-released statistics on planning applications show a steady decline in major residential approvals across the co...
28/06/2023

Recently-released statistics on planning applications show a steady decline in major residential approvals across the country since the peak of 6,617 back in 2017. We now sit at 4,221 major residential approvals, the lowest in 10 years.

On a more positive note, the number of new homes is at a 10-year high with over 177,000 completed in the last 12 months, indicating that we're still benefitting from the peak of residential approvals between 2017–19.

Research by Lichfields in 2020 found that developments of over 500 homes can take an average of 3 years to begin completions, with schemes of 200+ homes taking 8.4 years. This means we will still be benefitting from the 2017–19 peak in the immediate future.

Over the last 10 years average house prices have steadily risen, seemingly unaffected by the residential planning pipeline for the time being. Source: Dataloft, DLUHC (2023), Land Registry (2023), Lichfields (2020)

Official forecasts released by the Office for Budget Responsibility expect the UK to avoid recession this year.Interest ...
28/03/2023

Official forecasts released by the Office for Budget Responsibility expect the UK to avoid recession this year.

Interest rates are now expected to peak at 4.3% in the autumn (0.7% lower than had been forecast last November), while inflation is set to fall sharply to 2.9% by the end of the year.

House prices are still expected to settle below current levels. The OBR predict a 1.1% decline this year and a 5.7% drop in 2024, before average values rise by 1.1% in 2025, 3.4% in 2026 and 3.6% in 2027.

As part of the government’s Levelling Up agenda, funding was announced for 12 new investment zones across the UK, with additional monies to aid regeneration initiatives. This can be expected to support house price growth in these areas over the medium term. Source: Dataloft, Office for Budget Responsibility

44% of people continue to work from home, either full time or on a hybrid basis, according to the latest data released b...
26/03/2023

44% of people continue to work from home, either full time or on a hybrid basis, according to the latest data released by the Office for National Statistics.

Home or hybrid working is more prevalent for home owners than renters, for the self-employed and for those with dependent children.

A survey of over 12,000 renters found over half of renters would be encouraged to choose quicker or rent for longer, and one in six would be willing to pay more, if a property was furnished to support home working (Dataloft, Property Academy Renter Survey, 2022).

The move to hybrid working has been a significant societal shift as a result of the Covid-19 pandemic. Source: Dataloft, Office for National Statistcs, 2023

Mid-March marks the start of spring, long acknowledged as the best time to sell your home.Rightmove report demand levels...
24/03/2023

Mid-March marks the start of spring, long acknowledged as the best time to sell your home.

Rightmove report demand levels are currently 6% higher than in 2019, and with the Easter holidays just a few weeks away, now is a great time to get your property listed to sell.

Many home movers, seek to complete on property in the summer months. With average conveyancing times of 12–16 weeks, that equates to having offers accepted in April or May.

Properties for sale in a 'move-in' condition are currently highly sought after by buyers. More than one in three home movers are attracted by a recently-fitted kitchen and/or bathroom (Dataloft poll of subscribers, Property Academy Home Moving Trends Survey 2022).. (Dataloft poll of subscribers, Rightmove, Property Academy Home Moving Trends Survey 2022).

With price sensitivity increasingly evident in the property market, understanding local market conditions and pricing re...
16/03/2023

With price sensitivity increasingly evident in the property market, understanding local market conditions and pricing realistically are essential to achieve a sale. Zoopla report that while 59% of listings in February had no price reduction, four in ten did.

8–14 days is the optimum listing duration for agents to achieve the best possible price for your home, according to research of over 6,500 agents by HomeOwners Alliance.

A listing that is too short may not give enough time for potential buyers to discover the property and make an offer; if a property remains on the market, buyers may fear it is overpriced.

The latest survey by RICS indicates that the average sale is currently being agreed within a 5% margin of asking price. Source: Dataloft, Zoopla, HomeOwners Alliance

Nearly 200,000 new build homes were registered in the UK in 2022, the highest number since 2007 and up 26% on 2021, acco...
15/03/2023

Nearly 200,000 new build homes were registered in the UK in 2022, the highest number since 2007 and up 26% on 2021, according to the latest statistics produced by the NHBC. Registrations increased in all regions of England and Wales.

More than half of buyers would consider a new build home. The ready-to-move-in condition, reduced running costs, lack of maintenance and developer incentives are all highly attractive to prospective purchasers.

Owners of new build homes are set to save an average of £2,500 per year on energy costs after the Energy Price Guarantee increase anticipated in April, according to the Home Builders Federation (HBF).

The HBF analysed all EPCs undertaken during 2022 and found that across all property types and sizes, kWh energy usage per m² was far lower for new build than existing properties. Source: Dataloft, Home Builders Federation, 2023, Property Academy Home Moving Trends Survey 2022, NHBC, 2023

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