Recent data released by Zoopla has shown that 2020 has started in supreme fashion for the property market; with buyer demand up 26% when compared to the same period in 2018 and 2019. With such an influx of buyers, those thinking of selling their property have timed it well.  

Hometrack, the data research arm of Zoopla, have demonstrated just how much of an effect the general election and the promise of political stability have had on the property market; with demand increasing by over a quarter and house price growth across the major UK cities also hitting nearly 4%, the highest in two years.

2019 was a year of recovering rental values following the drop observed in 2018. The DPS (Deposit Protection Service) reports a 1.4% increase in rents in 2019 (Q42018 to Q42019).

Average monthly rent in the UK is now £773, or £672 excluding London.

London continues to be the most expensive region to rent with average monthly rents of £1,345. The North East is the cheapest region to rent with monthly rents of £518.

Strongest annual growth in average monthly rents was seen in London, a 4.3% increase followed by the South West region at 3.3%.

Buying a home is like falling in love, you can expect to go through the same ups and downs, emotional tugs and pulls, and even similar stages.

The one that got away, don’t panic, there are plenty more fish in the sea! An estimated 1.2 million residential properties were sold in 2019 (HMRC).

Broken heart? Don’t worry it’s not just you! One in four (24.42%) of house sales in England and Wales fell through before completion in 2019 (Independent Home Buyer Quick Move Now).

Hopelessly devoted to that home? Don’t be a fool in love, never settle for what doesn’t feel right! 34% of people said moving to a new house is more nerve-wracking than getting divorced (Real Homes)!

Make sure you fall in love with the right home! According to the English Housing Survey an owner occupier spends on average 18.1 years in their home, so pick well as you are in it for the long haul!

Plans have now been approved for The Light Cinema to create a 6 lane bowling alley within the vacant unit next to their cinema at Redrock.

Let’s hope they create something as equally different and fantastic to their cinema offering!

Now that we are in 2020, looking back at the previous decade can help to shine a light on what we are to expect next in the property market. New research from Proportunity – a new equity loan startup firm – has shone a light on which properties have increased the most in value from 2010 to 2020.