Market Trends

What the Spring Budget Means for London Home Owners & Seekers

The Chancellor Jeremy Hunt announced his Spring Budget for the UK this week. It featured cuts to National Insurance, tinkering with capital gains, increases to child benefit thresholds and ISA changes. But what about property-related finances? Well, the truth is, there’s not very much to update. But here goes. The chancellor announced that capital gains tax will be reduced from 28% to 24%....

What’s Driving a Resurgence in Demand in the London Property Market?

Good news: the latest data on buyer demand shows that the number of property hunters out in force is up by 14%*. So, what’s driving this increased demand? And what does it mean if you plan to buy or sell in 2024? Let’s take a look. Interest rates For a good chunk of 2023, interest rates were high (relative to recent years), and the possibility loomed that they could go even higher. Many...

Generation Guppie: The Rise of Long-Term Renters in London’s Property Market

Ever heard of Guppies in the property sector? No, we're not talking about the fish. 'Guppies' is a catchy term for a significant demographic in the rental market. It refers to tenants aged 18-39 who are embracing long-term renting, a group people have termed 'Generation Guppie.' Why Guppies? The nickname stems from 'Given Up on Property.' This generation often sees property ownership as a distant dream,...

Top Interior Design Trends to Look Out for in 2024

Is your London home ripe for a refresh?   Are you itching to ditch dated décor and breathe new life into your property?   If so, take inspiration from these top interior design trends.  Texture   Don’t just think about how your home looks; consider how it feels. Bobbly cushions, plush rugs and fluffy throws help create a cosy atmosphere. Bouclé, velvet and leather are just some of the...

Lettings Trends: What Can London Landlords Expect in 2024?

There’s no doubt that 2023 was challenging for the private rental sector, but looking ahead, landlords have plenty of reasons to be cheerful.  While no one knows precisely what will happen in 2024, economists believe interest rates and inflation have peaked, and that the economy will continue to rally.   Here’s an idea of what forecasters predict for the next 12 months*.  Demand  The...

Key Findings from the Renters Reform Bill Second Reading

The UK property landscape is evolving, and with the Renters Reform Bill having its second reading, it's crucial for landlords to stay informed. The bill aims to balance the scales, providing security for renters and assurance for landlords. Here's what you need to know: Key Changes Proposed by the Bill End of 'No Fault' Evictions: The bill proposes to abolish Section 21, ending 'no fault' evictions...

Five Property-Hunting Tips for London Homebuyers 

Buying a home is a huge decision – possibly one of the biggest you’ll make in your lifetime (no pressure then).  And to ensure you make a wise choice that suits your needs now and into the future, it pays to give the process a bit of thought before you start arranging viewings.  Here are five property-hunting tips that could save you time and money.   1. Do your homework  Once you’ve...

Why Autumn is the Season to Sell Your London Home 

If you’re considering listing your property for sale, we have some good news.    Traditionally, there’s a surge in serious buyers coming to the market in autumn after the summer lull – so you’ve timed your move wisely.   But what’s the psychology driving property hunters at this time of year? And how can you, as a seller, capitalise on buyers’ motivations to ensure you secure the...

How Government Plans May Be Good News for London Landlords 

Over the last few years, landlords have faced many changes. Tax reforms, rental reforms and energy efficiency measures have meant renting out properties is more complex (and expensive) than ever. But with changes to Government plans announced last Wednesday, is good news on the horizon?   Last week, controversial (and costly plans) for improved EPC targets by 2025 were scrapped by Prime Minister Rishi...

Should You List Your Home before Hunting for a New One? 

If your dreams of buying a new home rely on the sale of your existing property, then there’s one fundamental question you need to answer.  Are you going to look for a new home first and then list your property – or do things the other way around?  While both scenarios can work out in the end, we think one option is far more favourable – and that’s getting your current property on the market...

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