Latest Property News From Truuli
New Home Building is on the Rise
According to recent reports, 193,658 new build homes have been registered this year alone. This is the highest total of new builds since before the Global Financial Crisis. In light of this news, let’s take a look at why new build homes have become so popular and what benefits they offer to home movers. The Benefits of a New Build HomeWhen it comes to buying a home, energy efficiency is
75% of home movers rate local community as important…
One of the things I have enjoyed the most about working in Thornton Heath is that the area has always had a very strong community feel about it. It’s one of the main reasons I still live and work in the area. The local community always gets involved with local and major societal causes such as when the Olympic torch passed through the area coming down the popular Brigstock Road.
Stamp duty cuts offers fresh savings.
Stamp Duty has been abolished on the first £250,000 of any property purchase, (up from £125,000), making an immediate saving of up to £2,500 for home buyers. Close to half (47%) of all sales in England over the past year were under £250,000. First-time buyers could save up to £6,250, because they will now be exempt from stamp duty on the first £425,000. The purchase price at which they can
Are homes near Woodlands more popular?
94% of households within England and Wales are within one mile of an accessible woodland, despite the loss of almost half our ancient woodlands in the last 80 years. Access to woodlands isn’t just limited to the countryside. Across built-up areas there are, on average, 5.4 woodlands accessible from each household. Households in major towns and cities such as Milton Keynes and Harlow enjoy excellent access, with an average of
What is the most popular search criteria…
‘Bills included’ is the most popular search term for renters seeking to find a new place to call home. Renters are keen to have certainty on their monthly outgoings as the cost-of-living squeeze continues. While in 6th position in 2021, ‘bills included’ has now overtaken those prioritising pet-friendly properties or those looking for outside space, either a balcony or garden. A survey of over 12,000 renters by HomeLet and Dataloft
Is Autumn a popular time to move?
Traditionally, the perception is that the housing market is more active spring and summer. Sales and mortgage approvals data reveals a more even spread of activity throughout the year. In the 5 years pre-pandemic, summer (27%) and autumn (26%) recorded the highest proportion of sale completions. The lag between exchange and completion suggests peak in market activity would have been spring / summer. Autumn (26%) and winter (22%) are certainly
