Current Statistics ►

An estimated third of employees spend at least some of their week working from home with high speed broadband rising up the criteria list for new house buyers. Evidence suggests that broadband speeds could affect the price that buyers end up paying for their next move.

An analysis of average house prices and broadband download speeds by local authority reveals that buyers spend, on average, 17% more for properties in areas with superfast broadband compared to areas where average speeds are less than 25 Mbps.

Some of this will be related to where broadband providers have historically focused their investment, ie, in more affluent areas, but with the major providers increasing their coverage, this effect will become more diluted. Indeed, the Government has committed to provide superfast broadband (at least 24Mbps) to at least 95% of UK premises.

There are a myriad of factors that affect local property prices but the influence of broadband speeds should not be underestimated with its importance to buyers set to continue to increase.

January 2018

December 2017

 

 

We would like to take this opportunity to thank you

for your continued support which has made 2017

such a successful year

and we look forward to working with you

in 2018 and beyond. 

 

 

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This year we have been supporting Christmas Jumper Day in aid of Save the Children UK. Every one has been getting into the swing of things with some festive cheer at both our offices in Falmouth and Penryn, raising a total of £64.70. Not bad for a small team - Well done everyone!

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

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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.​

Budget 2016: What are the implications for the property market?

Budget 2016: What are the implications for the property market?

News & Legislation The Guild of Professional Estate Agents 17th March 2016

The Guild's CEO, Marcus Whewell, offers insights on the Budget 2016 and what the announcements could mean for the UK property market.

George Osborne’s budget was forecast to be relatively predictable – and so it proved (apart from the so-called Sugar Tax).

Given his limited room for financial manoeuvre, very few commentators expected any significant giveaways. In reality, the summary was more so-called ‘sin taxes’ and proposed reductions in public sector spending (though a little short on specifics), balanced by help for small businesses and moderate gains for individual savers (via higher ISA allowances and a raising of personal tax thresholds).

With regard to the housing market, any (small) benefits will be felt indirectly. The small encouragement to savers (see above) will help buyers with regard to accumulating deposits. Also, the commitment to big transport projects such as HS3 and Crossrail may help to alleviate the severe housing congestion in certain locations by improving commuter times – all assuming the projects survive until completion.

The Chancellor confirmed his intention to raise Stamp Duty rates for the buy-to-let market, and also focused on UK taxation on domestic projects for overseas property developers – but this will have little, if any, impact on ‘middle England’. Indeed, these actions may actually drive up rents and reduce the supply of private sector rental properties, which is currently filling the gap left by the dramatic reduction in public sector housing over recent decades, and also the challenged position of housing associations.

But perhaps the most significant aspect of the budget for home movers is ‘general sentiment’ – which is an important factor in determining timing and volumes for the residential market. His ‘steady the ship in the face of growing headwinds’ approach reflects expectations of a reduction in UK growth rates, a marked slowdown in China, and uncertainty around the forthcoming European referendum. This should lead to a slight slowdown in house price rises (probably a good thing) - but will do little to encourage increased housebuilding, which is fast becoming a priority for the UK economy and its growing population.

It is, perhaps, surprising that such a key component of the economy is effectively left to the vagaries of ‘speculative market forces’. The property market represents an important source of tax revenue - it helps people move to secure new employment, it can determine allocation of school places, and also feeds other important secondary markets and businesses such as solicitors, estate agencies, and DIY / home improvement (buyers and sellers).

So, perhaps like the Sugar Tax, there were not too many sweeteners for current and aspirational homeowners!

Residential Sales
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Cornwall, TR11 3DN

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01326 374850

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Penryn, Cornwall TR10 8GU

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Penryn, Cornwall, TR10 8GU

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