News

SALES NEWS:- Exeter boosted by almost 650 Help To Buy house purchasers

24/09/18

It’s been revealed that over the first five years of Help to Buy in Exeter, 649 buyers have used the government scheme to help purchase their home. The figures show: Over two thirds of the purchasers have been first time buyers; Almost all were those using Help To Buy were already living within Exeter; Over 20 developers building in Exeter offer Help To Buy. Help to Buy…

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Sales News:- Revealed – the premiums for homes close to good schools

30/08/18

We have long-known that buying a home in the catchment area of a popular school carries a premium, but now for the first time research has tried to show exactly how much. According to a survey from the Santander finance company: – homes near a top state primary school have an 8% premium; – being near an exception secondary can add up to 42%; – around 60%…

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LETTINGS NEWS:- Buy to let market still rock solid as demand surges

30/08/18

Demand from tenants wanting to rent properties is now at the highest it has been for a year – with no drop expected in the near future. One of the best-respected market surveys, from the Association of Residential Lettings Agents, shows that: – a typical agent had 79 new tenants this month, up from 71 a month ago; – this is 13% higher than a year ago;…

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SALES NEWS: More expansion for Exeter as city attracts more jobs and residents

13/08/18

A further expansion of Cranbrook new town has been agreed, with planners giving the go-ahead because of high demand from newcomers to live in or near to Exeter. The proposal is for another 180 new homes with planners saying: Exeter is the most sought-after Devon location for people to live; the city’s population grew almost 2% in 2016-17; Cranbrook will ultimately have 6,550 homes by 2027. Cranbrook…

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LETTINGS NEWS:- South West to see strongest rental market over next five years

13/08/18

The south west is likely to see the country’s strongest rental market over the next five years according to the widely-respected Royal Institution of Chartered Surveyors. In its latest snapshot about the lettings sector it says: south west rents will grow around 2% by the end of 2018; they will grow by “well above 15%” by 2023; this is because demand for rental property exceeds supply. RICS…

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SALES NEWS:- House prices are still rising – but at a very modest rate

27/07/18

House prices are growing two per cent per year according to the Nationwide. Each index gives a slightly different perspective on the market and we strongly advise you speak with estate agents ‘on the ground’ to get a more detailed local picture. The Nationwide says: the current rate of house price growth is the lowest since 2013; the average price of a UK home is now £215,444…

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LETTINGS NEWS:- New report shows continuing large-scale growth of private rental sector

27/07/18

A new report shows exactly how the private rental sector has grown in the past two decades – and why it is still a strong investment choice. The report, by a finance company called The Mortgage Lender, shows that: 20% of households – that’s around 4.7m – rent privately; almost half of 25- to 34-year-olds are private tenants; 29% of single 35- to 44-year-olds rent privately now.…

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SALES NEWS:- Property still the favourite investment for those nearing retirement

20/07/18

Buying and renting out property is still the top choice when it comes to long-term investment to fund retirement, according to findings from a survey of 1,000 people in their 50s. The research, by a chartered accountancy firm, shows: 35% believed property was best-placed to provide retirement income; this was more than favoured pensions, ISAs and savings; one in 12 predicted that rent would be their main…

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It keeps on coming – more good news about Exeter’s economy

13/07/18

Good news stories about Exeter’s economy just keep on coming – and they directly lead to a stronger and more dynamic housing market in the city and nearby areas of Devon as people want to live here. Latest figures from economic consultancies and government show. Exeter is the UK’s second fastest growing jobs market, up 1.2% residents are the highest paid in Devon and Cornwall, at £537…

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SALES NEWS:- Housing market latest – it’s steady as she goes over the summer

13/07/18

The housing market is holding steady over the summer according to the latest two price indices. They come from the Halifax and the Nationwide, which produce both measures based on the mortgage lending they undertake to customers. The figures show: the average price of a UK home is £225,654 says the Halifax; this is 0.3% up over the month to July, and 1.8% up on the year;…

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