After the Gold Rush

Tim Russ of Tim Russ & Company takes a look at the property market now the rush to avoid a higher stamp duty is over. It happens after every major budget change where extra tax costs are involved when buying a home. There is a stampede to complete purchases before...

Stamp duty surcharge and the property market

So, it is April and the dust has started to settle from a very busy time in the rush to get property transactions completed by the end of March, before the introduction of George Osbourne’s controversial 3% stamp duty surcharge that started on April 1.  The last two...

Not in the National Interest

Tim Russ of Tim Russ & Company goes beyond the hype and looks at what is really important in buying and selling a property this spring. The property market is never static. But it is perhaps now at a unique juncture. It is hard to think of a time when the market...

Reaction to the Budget 2016 – what does it mean for housing?

The Chancellor’s summer Budget and Autumn Statement last year gave those in the property industry plenty to ponder and get enraged about, but his latest Budget last week – the eighth since Osborne moved into No 11 in 2010 – was a lot less focused on property. Of...

Tim Russ’s Market Update

I look forward to March.  We all look forward to spring, warmer weather, are gardens and the countryside coming to life.  Easter is early this year, and we have already had a taste of a few warmer days – balanced by colder days, but I feel it is just around the...

Love thy neighbour (it seems not always!)

According to the latest research, for 18 million Brits, their neighbours have become a nuisance. 51% of those who have encountered a nuisance neighbour feel stressed or depressed as a result, 24% want to move to a new area, 20% no longer sleep well and a similar...

CML: Lowest mortgage arrears in a decade

2015 saw the lowest arrears rates in more than a decade, figures from the Council of Mortgage Lenders show. In 2015 just 0.92% of mortgages were in arrears, with homeowner arrears standing at 1.03% and buy-to-let at 0.31%. Paul Smee, CML Director General, said: “Of...

Over a third of private tenants are not saving to

A report appears to show that well over a third of British tenants are not saving to buy. A poll of 2,986 tenants shows 62% saving to buy and 38% not doing so; of the latter category, almost half say they cannot afford to save money in addition to paying their rent...

First time buyers spend £52,900 on rent before buy

First time buyers typically spend £52,900 on rent before getting on the housing ladder, the Association of Residential Letting Agents (ARLA) Cost of Renting report claims. For people who start renting now that figure will increase by 22% to £64,400. The average...

Halifax: Average house prices now at over £212,000

Average house prices in January stood at £212,430 say the Halifax. The ‘seasonally adjusted’ average was 9.7% above that of January 2015 and was a 1.7% rise on December. Economist Martin Ellis said: “The imbalance between supply and demand continues to exert...