Current Statistics ►

There are people who feel strongly about whether their home address is on a Road, Street, Crescent or Square and developers often assume that one will attract a higher price than another. To test the theory, we explored 2017 sales data to see whether we could identify any correlation between suffix and price.

  • The average price of a property sold on a "Road" to date in 2017 is £301,950, however there are premium purchase properties elsewhere. To purchase on a “Park” expect to pay a 9% premium while to purchase on a “Place”, “Hill”, or “Garden” could add thousands to your purchase price. Owning a property with no street address at all, added £10,000 to one on a “Road”.

  • At the top end of the budget, just 0.5% of all properties sold this year have been on a “Square”, where the average price is £462,895, a stunning 53% more expensive than a “Road”. But “Road” has kerb appeal for more buyers than any other address, accounting for a substantial 30.7% of all sales this year.

September 2017

After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included. 

www.heather-lay.co.uk

 

 

Natalie took part in the Cancer Research Race for Life Pretty Muddy on Sunday 3rd September. It was "pretty muddy" due to the Cornish Autumn weather, but a brilliant time was had by all and Natalie raised a fantastic total of £183.00 for Cancer Research!

August 2017

h_l_banner

Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.​

Economic News March 2016

Economic News March 2016

Videos GPEA 9th March 2016

Economic News 01 March 2016


The first two monthly meetings this year of the Bank of England’s Monetary Policy Committee saw the interest rate held at 0.5 per cent and the stock of purchased assets financed by the issuance of central bank reserves maintained at £375 billion. A majority vote in January was followed by a unanimous decision in February. 

The Bank of England’s decision on the level of interest is largely based on assessments and forecasts of economic growth, unemployment and inflation, particularly core inflation, which strips out the impact of changing food and petrol prices. In January, core inflation fell to 1.2 per cent from 1.4 per cent in December. The broader measure of Consumer Price Inflation rose to 0.3 per cent in January from 0.2 per cent in December due to fuel prices falling by less in January that they did at the same point in the previous year. Consumer Price Inflation is well below the Government’s target level of 2 per cent and analysts now believe it will stay below 1 per cent for the whole of 2016. Interest rates are now expected to stay at their historic lows well into 2017. 

Consumer prices in the Eurozone fell sharply in February to minus 0.2 per cent, driven down by an 8 per cent fall in energy prices. In response, the European Central Bank has already announced a cut to its negative bank deposit rate and further stimulus measures are anticipated.

Newly released figures on household credit from the Bank of England reveal that in January, UK consumers borrowed a further £1.6 billion, the second highest level for more than a decade. Unsecured consumer credit rose by 9.1 per cent compared to the same month a year ago. The Governor of the Bank of England, Mark Carney, has warned that the rising level of household debt is an indirect threat to Britain’s economic recovery. 

The Bank also reported that 74,581 mortgages were approved in January, the highest level since January 2014. The Council of Mortgage Lenders and the Royal Institution of Chartered Surveyors had earlier reported a surge in buy-to-let landlords purchasing property ahead of the stamp duty changes in April, exerting upward pressure on house prices.

New figures from the Department for Communities and Local Government show that 37,080 new homes were started in the last quarter of 2015, up 23 per cent over the preceding year, while completions were up by 22 per cent at 37,230. In the year up to December, 143,560 new homes were started, an increase of 6 per cent over 2014 and 91 per cent up on the slump recorded in 2009. 

The Office for National Statistics confirmed the twelfth consecutive quarter of growth for the UK economy with a figure of 0.5 per cent in the three months to the end of December. This was largely due to the buoyant services sector, which grew by 0.7 per cent. Despite the steady expansion to date, the Chancellor, George Osborne, warned about the future effects of turbulence in the global economy.

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