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The property market in 2017

Posted on January 12, 2017 by Shaun Vallance
The property market in 2017

There’s no doubt that 2016 was a year of immense change and unrest. The political landscape alone was dramatically rearranged both here and abroad and it seemed, too, as if everyone’s favourite celebrities/artists/musicians/notables were dropping like flies. But what of the future? And what about the property market, both in Dorset and beyond? What do the twelve months ahead of us hold in store? Let’s take a look.

The outlook isn’t immediately sparkling. Predictions are for UK prices to rise merely two per cent and notoriously expensive central London prices to drop by five per cent. And yes, you guessed it, the cause is widely thought to be the bewildering uncertainty left in the wake of Brexit. So although UK-wide prices will keep on rising (for the seventh year in a row), local markets could experience deterioration. In addition to Brexit (sorry – the dreaded ‘B’ word again), the other significant influence on the market last year were the Stamp Duty changes introduced two years ago. The upfront cost of buying a home increased as a result. Then there were the introduction of higher rates of duty on second homes, brought in in April.

Right now, the average asking-price of a UK home is approximately £299,000, but before December 2016, it was £6000 higher. It’s not hugely alarming yet, because this figure is still considerably higher than the December 2015 figure. What concerns some forecasters is that the December 2016 dip was a result of the referendum result. What, they wonder reasonably enough, will happen when the referendum is actually implemented? What effect will the invoking of Article 50 have on the property market?

Fortunately, high demand for homes in the low/middle part of the market is keeping things ticking over. Since owners are not inclined to move at the moment, this is maintaining house prices because fewer homes are for sale, which exacerbates demand.

The good news is that although central London properties (e.g. in Westminster) are expected to lose tens of thousands from their value over the coming months, average house prices in places like Dorset are in all likelihood

How to avoid house-moving mistakes

Posted on October 28, 2016 by Shaun Vallance
UK Removals

Because we’ve been helping people move for such a long time, we’ve seen the mistakes people make. In fact, we’ve often been instrumental in helping them unpick the bad decisions and get their moves back on track. There are few moving problems we haven’t encountered and in particular we’ve seen the ones that crop up and recur time and again. Here are the main errors of judgment we’ve known people to make. By flagging them up here, it is our hope that no one need every make these mistakes again.

  1. Not researching removals companies sufficiently. Too often, people choose their moving company quickly and blithely, with barely any research or hard questions. Consequently, they end up in the hands of fly-by-night, rip-off merchants who are uninsured. Their precious belongings are damaged in transit, time-keeping is shockingly poor, there are hidden extras that only become apparent when it’s time to settle up, and the poor client feels, quite rightly, exploited and fooled. When you’re looking for your removal company, don’t work on the basis of simply accepting the cheapest offer. Spend a little more time doing research, reading reviews and seeing if the companies belong to an organisation like the BAR (British Association of Removers).
  1. Excessive amounts of packing. You might be taken with the idea of bringing everything you’ve ever owned to your new home. Not a good idea. Moving house is the perfect time for decluttering and it’s a missed opportunity if you don’t. Without foresight, you may get to your new home only to discover that some of your old furniture doesn’t fit or work in the environment. It’s so much better to give this proper thought before your move. You’ll also shave off some of the expense of your move if you take less stuff because it’ll reduce the packing/unpacking, loading/unloading times.
  1. Doing it all on your own. As your move approaches, you may be gripped by the notion that you can do the whole thing alone or with just a little help from a friend or two. It’s worth remembering that moving house is taxing. Carrying bulky furniture up and down stairs and hiring vans are just a fraction of the tasks you’ll be facing.