2 July 2021

Property News Update

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It’s time to take another look at the property news hitting the headlines in Derby and across the nation!

We like to keep our finger on the pulse and bring updates from across the media straight to your finger tips!

This week we have reports from Derbyshire Live, Rightmove and of course BBC News along with another reminder of the changes to the Stamp Duty Land Tax that are now in effect.

Kicking off the news this week, Derbyshire Live have a couple of very interesting reports which highlight just why Derby is such a great place to buy a home!

Firstly, Erewash has been identified as the Derbyshire district where house prices have soared the most, increasing by an incredible 64% over the last 10 years! You can read the full report here: – https://www.derbytelegraph.co.uk/…/derbyshire-district…

Derbyshire Live also feature an interesting article which ranks Derby as the number 1 ranked most affordable city in the UK. A recent study undertaken by Currys PC World and Ring Security, comparing affordability, green space and safety of more than 50 towns and cities in the UK rated Derby as top of the list, another great reason to purchase a property in the area! You can view the full article here: – https://www.derbytelegraph.co.uk/…/derby-ranked-most…

We’ve also taken a look at two recent reports from BBC News, which suggest that house prices have risen at their highest level for 17 years https://www.bbc.co.uk/news/business-57648935 and an interest article from BBC Wales with hints and tips about how to make sure your home is a green as it can be, you can take a look here: – https://www.bbc.co.uk/news/uk-wales-57226425

Our friends over at Rightmove ask the question ‘Why do house prices keep rising?’ and take a look at the number of buyers in the marketplace compared to available stock levels, you can take a look here: – https://www.rightmove.co.uk/…/why-do-house-prices…/…

And last but not least, we are here to give you a timely reminder of the changes to Stamp Duty that are now in effect, with the reduction of the nil rate from £500,000 to £250,000. You can take a look at all you need to know in our recent news update, just by clicking here: – https://hannells.co.uk/changes-to-the-stamp-duty-land-tax/

So that about wraps it up for this week! The market, from our point of view, is still hugely busy, with properties selling at a very fast pace and no signs of buyer interest dwindling just yet. As always we will be on hand to keep you up to date!

If you are thinking of making a move, make sure you contact the local experts, just click here – https://hannells.co.uk/valuations/