Latest Property News From Truuli
Truuli expects the market to “Spring” into action
As March arrives, longer days and brighter skies draw more home buyers out to hunt for their dream property. Spring sees a surge in home sales, with 27.1% of transactions occurring during this season – the busiest of the year. Selling benefits in spring: Preparing your home for a spring sale: Ready to sell or buy? Contact us at 0330 043 0002 Leigh Thomas – Truuli Property Expert
Rising Trend: Over 50s Stepping into Homeownership as First Time Buyers
The number of first-time buyers (FTBs) above the age of 50 has surged by over 30% in the last five years, while the proportion of those aged 30 and under is on the decline. With affordability becoming a challenge, more people are waiting until they are over 50 to purchase their first home. Interestingly, although London currently has the lowest percentage of first-time buyers above the age of 50, it
Seller asking prices rise by 1.3% in Jan 2024
The average asking price for new sellers had a significant increase of 1.3% in January, marking the highest price rise since 2020. This growth is more than double the average increase seen over the past 20 years (+0.6%). With mortgage rates decreasing and a positive economic outlook, buyer demand is on the rise. In fact, 42% of agents have reported higher buyer demand compared to the previous year. Furthermore, the
Truuli offer the quickest property sale to completion timescales
At Truuli, we pride ourselves on offering the quickest sale to completion timescales in the industry. According to the latest data compiled by Twenty EA*, we consistently outperform all other top 10 agents in this regard. We understand that receiving an offer on your property can be an exciting experience for sellers. However, we also know that the period between offer and completion can feel like an eternity as there are several
Are 100% mortgages the new bank of mum and dad?
Starting my Estate Agency career at just 21, I was constantly amazed by parents who gifted large sums of money to help their children purchase a home. Who wouldn’t want to help their kids? Working in prestigious areas of South West London, I was surprised to find that the average gifted amount was only £20,000. I thought it would be a little higher. For those without the luxury of parental
How to Achieve the Best Possible Price for Your Home in a Price Sensitive Market.
Selling your home is a major undertaking and there are many factors to consider when pricing it. With price sensitivity increasingly evident in the property market, understanding local market conditions and pricing realistically are essential if you want to achieve a sale. Zoopla reports indicate that while 59% of listings had no price reduction in February, four in ten did have reductions. Let’s take a closer look at what this
