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Latest news at David James Estate Agents in Bromley
August 2020 Property Market Update
Well, it’s been an interesting few weeks for the UK property market with, unsurprisingly, the coronavirus pandemic dominating the sector.
But don’t think it’s all bad news, because it really isn’t. We at David James have seen a lot of activity in the Bromley area just recently, with asking prices and sold prices at a good level...
The July Sentiment Survey by Royal Institution of Chartered Surveyors, gauging the mood of agents, showed a significant pick-up in the housing market.
The stamp duty holiday has increased demand in July, agents report a significant increase in new buyer enquiries and new instructions. Agreed sales have also risen, indicating recovery in transaction levels.
Agents expect sales to...
A fall in construction between April and June means fewer new builds will be coming to the market in the short term. With Covid-19 disrupting house building, Boris Johnson has made construction a priority.
Energy Performance Certificate registrations are a good indicator for net additional dwellings. The latest data shows 37,588 fewer new build registrations in England in Q2 2020 than Q2...
Transactions have increased, mortgage approvals are up and house price growth looks strong. With the stamp duty holiday creating increased demand, we expect this positive trend to continue.
Nationwide house price index showed an annual increase of 1.5% in July. This follows some cautious June figures, -0.1% annual increase.
40,010 mortgages were approved in June. That’s 331%...
The stamp duty holiday has led to a 14% surge in calls and emails to agents. Properties priced between £400–£500k have seen the biggest increase in interest, 49%. In 2019 they only represented 8% of sales, therefore we may see a shift in the distribution of transactions in 2020.
Properties priced between £500–£750k have also seen a surge in interest,...