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News
Why December is the best month to rent a new home
December is the optimum time for renters to find a new property according to research, as the festive period creates a market slowdown which pushes down prices.
Findaproperty.com’s monthly property review found rental prices fell 1.5 per cent last month and are expected to fall again this month before rebounding in the New Year.
Rental prices reached record highs earlier in the year, peaking at £890 per month for an average property in September – equivalent to half the average household’s net earnings per month.
However, the festive period creates a small window of opportunity for those looking to find rented accommodation and wanting to secure favourable prices.
The drop in rent is caused by landlords looking to avoid vacant properties over the Christmas period and tenant activity slowing down in the run-up to the New Year.
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Now is the time to purchase your first home!
The re-introduction by the Government of the lower STAMP DUTY threshold in March 2012 will mean that First Time Buyers purchasing homes between £125,000 – £250,000 could pay up to £2,500 in Stamp Duty, in addition to other purchasing costs!
Home Information Packs
Home Information Pack duties are suspended with immediate effect from 21 May 2010. This means that homes marketed for sale on or after this date will no longer require a Home Information Pack. However, Energy Performance Certificates are still required.
