First-time buyers take 30 years

It’s hard to not feel sympathy for first-time buyers. After all, house prices have been on an upward trajectory since 2008, with prices rising by 6.3% across the UK last year, and by 19.3% in London. On top of this, House of Commons research commissioned by Labour MP Tessa Jowell, has found that first-time buyers in some parts of the capital have to save for over 30 years before they can afford their own home. The data also found that somewhat unsurprisingly, Kensington and Chelsea…

Here are 5 costs vendors will have to stump up when selling a home

Selling your home can cost more than you initially realise so it’s important to be prepared. Moving home is one of the most stressful events – not least because it takes time to choose a property and sort out all of the legal stuff. And the deal can, unfortunately always fall through due the dreaded chain effect. Here are a few costs you’ll need to stump up when buying your property from Paramount Properties, an estate agents in West Hampstead: Estate agent fees These fees…

House prices ‘to drop 0.6% this year’

A new forecast has claimed that house prices in the UK will drop by 0.6% this year. The Centre for Economics and Business Research (CEBR) has said that property prices in the UK capital will fall by 3.3%. CEBR believes that indicators such as fewer new buyer enquiries, along with properties staying for longer on the market, point to falling prices. Eden Harper, an estate agent covering Brixton and Battersea mentioned values in London were up 16.8% in 2014, meaning the average house price rose…