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Sunday 22nd March marks Mother's Day in the UK. A survey by GlobalData estimated £1.6 billion was spent celebrating this day in 2019, that's the equivalent to just over 6,800 average-priced homes.
At current prices, £1.6 billion purchases over 8,400 terraced or 4,400 detached properties. In London, this would purchase 1,723 detached houses, or in Wales 14,000 apartments.
Coincidentally, a similar sum, just over £1.6 billion, was collected from the 3% second home levy across England in 2019.
Whether it’s your mum or someone special you'll be celebrating or remembering this Sunday, here's hoping some sunshine adds some warmth to your day during these uncertain times.
We would like to thank yourself, Julie and Amanda, and everyone at Lock & Key for helping us to successfully sell our home. We were stuck in a rut with another local estate agent, with poor feedback and lack of viewings.
Our experience with Lock & Key was a positive one from the start. We appreciated the honest approach from the start, so we could sell our home as quickly as possible. Within a matter of days, we had viewings and also accepted an offer within a few weeks. We can see that you and the team are very passionate and committed to finding the right buyer and have been very good at keeping in contact and supplying any feedback or recommendations.
We would without hesitation recommend using Lock & Key to anyone in the local area looking to sell their home.
Martin & Jo Small, Cranesbill Road.
Lock and Key independent estate agents are STILL leading the way with sales in March and the latest Rightmove stats show that we have a very healthy 52.9% market share in the local area. If you are thinking of moving, get in touch with Melksham's top selling estate agent 01225 707342 because here at Lock & Key we are successfully selling! Find out more about us and get in touch here >> https://www.homesinmelksham.co.uk/
For most people, moving house is a positive experience, although there are of course stresses involved. Our job is to reduce that stress as far as possible.
One aspect of moving that is often underestimated is the need to be vigilant over security. Competent estate agents are trained to qualify and vet prospective purchasers, avoid unsuitable unaccompanied viewings, and ensure that transactions do not fall foul of our strict Anti-Money-Laundering regulations.
Rightmove report that new instructions were up 2.1% in January, the first positive rise in over a year, but how do prospective sellers choose their agent?
A survey by the Property Academy has found 'Confidence in ability' 87% was rated by more sellers than any other single quality and far outweighed the minority of sellers (16%) who based their choice of agent on fees.
71% of respondents placed 'Likeability and Trust' in their top five criteria for choosing an agent in 2019, while back in 2009 just over half (57%) chose an agent based on trust.
Building a rapport, engaging and communicating regularly with both sellers and buyers throughout the house buying process, is something we are passionate about at Lock & key. No doubt our ability to sell property plays a key role in people choice and we continue to be the number one choice in Melksham is a testament to our character and hard work.
Building on the increase in January activity we reported last month in the Melksham property market, the local market has been just as frenetic during February with intense buyer activity continuing to play “catch-up” following years of mild depression.
According to the National Association of Estate Agents, there has been a 25% year-on-year rise in the number of active buyers, with sales volumes up 33% on last month, yet the supply of available housing has not risen to meet this demand, at just 3%. Essentially, “old stock” has eventually sold but is not being replaced fast enough by new sellers.
Momentum is building across the UK housing market as spring approaches. The ONS (Office for National Statistics) report average property prices are rising in every region of the UK for the first time in nearly two years.
Property price growth is currently strongest across Yorkshire and the Humber and the East Midlands, with price growth across the capital at its strongest level since October 2017.
The Royal Institute of Chartered Surveyors (RICS) and Rightmove report there has been a notable increase in buyer demand in January with both the HMRC and Rightmove citing sales volumes are on the rise.
Both market appraisals and new instructions are on the up, according to both RICS and Rightmove although demand currently outpaces supply. Prospective vendors are well advised to contact their top selling estate agent – Lock & Key independent estate agents. 01225 707342
The average person spends about 15,000 hours commuting between home and office during their lifetime! As a consequence, over 7% (2 million) of the working population are estimated to work from home at least one day a week, thereby reducing wasted time, stress, and fuel consumption.
The universal use of laptops, email and mobile phones has made home an obvious alternative to the daily grind and homeworking can even be therapeutic enough to increase productivity. But there are some guidelines that are worth considering if you are to make the most of such a new regime:
Here are just of the properties we have sold subject to contract in Melksham in 2020 but let's look a closer look at the numbers. (Keep reading )
20 New Listings
19 Property Completions
20 Properties SOLD (subject to contract)
and over £5.3 million pounds worth of sales with many more offers pending.
When it comes to selling, you can trust Melksham's number one estate agent Lock & Key to get you moving.
Calculate the value of your property with our instant online valuation tool. It's FREE and takes less than 60 seconds >> https://platform.pro-val.
Nearly half a million (464,700) first-time buyers have benefitted from over £1.1 billion of tax duty relief since the First Time Buyers’ Relief was introduced following the Budget in November 2017, each saving on average £2,387.
Zero tax is charged to first-time buyers on property purchases between £125,000 and £300,000, which account for 77% of benefitting purchases. The standard 5% SDLT (stamp duty land tax) is charged between £300,000 and £500,000. Properties purchased under £125,000 are exempt from taxation for all purchasers.
62,800 first-time buyers benefitted from the scheme in the final quarter of 2019, the highest quarterly number since its inception, as first-time buyer numbers hit record levels in 2019.
Across Wales all purchasers purchasing a property with a value of less than £180,000 are eligible for Land Transaction Tax Relief. This will undoubtedly include the vast majority of first-time buyers, as the average price of a first-time buyer property across the country is £149,000.
The government have recently announced plans for a First Home Scheme, whereby local buyers would benefit from a 30% market price reduction on the price of their first home.