Monthly Archives: April, 2016

THE PRICE IS RIGHT

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If you’re in the property game, you’ve probably already heard that a new index will be introduced this summer which will better reflect the true value of homes in the UK.

At the moment, the house price index – and there are many – can vary depending on who you prefer to follow and what metrics they use. For example, the Halifax may tell you the price of an average home in Britain is around the £214,000 mark, Rightmove reckons it’s around £299,000 while the Office of National Statistics (ONS) puts the figure at around £292,000. The variance is often accounted for by regional fluctuations in price and whether London and the south-east are included or not – but it’s no wonder the average seller is so often baffled when it comes to where they should pitch their property.

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SO WHO IS THE FOOL TODAY?

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If you’re a landlord, then today is a bit of a watershed. From this morning an extra 3% Stamp Duty will be imposed on anyone buying a second home or buying property to let.

The Chancellor’s reasoning appears to have been that the additional tax burden would prove a disincentive to anyone considering swapping their pension for property. That, in turn, would mean more small- to medium-sized homes coming onto the market as they wouldn’t just be snapped up by the avaricious buy-to-let set. More houses on the market would help to peg prices where they are or even prompt a modest decline. Combine that with an accelerated building programme, and suddenly you have even more ammunition to avert the risk of a fresh housing “bubble” threatening the stability of the UK economy.

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About esale

eSale  Estate Agents, founded in 2012, bringing a fresh, clear and easy approach to online estate agency in England and Wales. We are a group of professionals with years of experience in helping people sell and buy property.

We have the skills to ensure the correct price is set for your property and we can negotiate the right sale price between buyer and seller.

Additionally, we can arrange accompanied viewings and also see the sale through to completion.

Your property will feature on Rightmove , Zoopla  and Primelocation esale have a wide advertising network, come and join our approach to selling a property, no matter what your property value is.