Homes News

Karen Chui, from Nockolds' residential property team based in Bishop's Stortford, has advice on how to ensure moving home goes as smoothly as possible

Bishop's Stortford estate agent Savills welcomes Chancellor Rishi Sunak's Budget property market measures.

Kooky bought two of the five blocks next to Stortford station as part of plans to acquire a portfolio of properties in key locations around London.

At 4.7% of the district's housing stock, it is the eighth highest concentration of £1m-plus homes of any local authority in the region.

"Many elderly and retired people who want to downsize are prevented from doing so because of the eye-watering high tax bill they will face."

The half-acre plot, with planning permission for two four-bedroom houses, is expected to be sold at auction for at least £500,000.

News that development work is to begin on land off West Road has sparked concerns among residents.

Affluent buyers looking for more space and change of lifestyle are behind the boom, according to North Street estate agent Savills.

Savills says 456 agreed house sales in the district were recorded in the four weeks to mid-August – more than double the 2019 figure.

The rented and shared ownership homes were made available to those on the council's housing register and people struggling to buy on the open market.

Chancellor Rishi Sunak has raised the threshold from £125,000 to £500,000 until March 31 next year.

Savills' Justin Godfrey said: "In the 33 years I've been working in property it's one of the busiest periods I've known."

The party argued for the definition of affordable homes to be linked to local people's average earnings, not market rents in the area.

For potential buyers, Perspex screens and marker guides have been installed for social distancing.

William Wells of Mullucks says the experience of coronavirus lockdown could encourage city dwellers to seek a healthier lifestyle with more space.

The team at Bishop's Stortford financial life planners Enable Independent offer mortgage advice to help get you through the coronavirus crisis

Little Hadham-based estate agents David Lee has pulled together five things to do to get your home ready for the property market while in lockdown

Conservative peer Lord Ghadia and GlaxoSmithKline chairman Sir Jonathan Symonds told the Government it should be one of the first sectors to resume.

Lee O'Brien, a director at Little Hadham-based estate agent David Lee, says we should be ready for a post-lockdown buzz in the property market

Bishop's Stortford estate agent predicts property market could bounce back from the Covid-19 pandemic by mid-2021.