Purplebricks says it sells three times more homes than any other agent in the UK

Purplebricks claims to be the best-selling estate agent organization in the U.K., with more than three times more sales than any of its runners up. Purplebricks said it made £45 million in profit, and sold 81 percent of its houses in 12 months or less, and also claimed to be the market leader in converting […]

Number of Homes Sold RISES in May as Interest Rates Remain on Hold

It’s a seller’s market right now in the real estate industry when it comes to the inflation of housing prices. However, experts are now warning to keep an eye out for dips in productivity in the future. In May, we recovered from a dry spell with only .05 less in sales when compared to previous […]

Millennials more excited about investing in Bitcoin than in buying their own home, claim

The housing industry is taking quite a turn with over 57% of millennial claiming that they view investing in a home as a high risk investment to indulge in. This could be partially due to 45% of current homeowners advising millennials to continue renting instead of investing in a new home. These statistics are super […]

The mortgages more expensive than payday loans – how they end up costing so much and what you can do

A recent joint study by the University of Nottingham and Habito found that most mortgage contracts require a Year 13 reading comprehension level to understand, which often inhibits borrowers’ ability to understand their mortgages. This helps stop borrowers from realizing that the wrong mortgage can charge far more per pound borrowed than even the most […]

Remortgaging up but lending to new buyers falls, latest data shows

Although British mortgage lending remains elevated by 8.8% from this time last year, this number is driven largely by remortgaging of current properties rather than new loans for new buyers. In fact, new property approvals are actually 3.8% lower than last year. Likely reasons for these changes include the end of many fixed rate terms, […]

How the housing market has become harder since 1988

According to the Harvard Joint Center for Housing Studies’ recent 30 year retrospective, the housing market was much better for buyers in the late 1980s than it is today, especially for younger homebuyers. According to this historical data, in 1988 homes were smaller but also far more within the reach of young homebuyers. This is […]

Who’s Buying What? A Look at the Data on Montreal Homebuyers

Recently, the CMHC studied the demographics of Montreal home buyers. They learned that a whopping 80% of homebuyers resided on Montreal Island before they became home owners. The appealing areas of Ville-Marie, Le Plateau-Mont-Royal, and Île-des-Sœurs lured the majority of buyers. Most Montreal natives purchase a condo for their first home. Montréal and Laval homebuyers […]

Live where you love, buy where you can afford

Australian data tends to agree that between buying and renting, buying is the more fiscally sound decision. However, it’s not always feasible to put together the needed deposit to live where you truly want to live and getting stuck where you do not wish to live shouldn’t have to be an option. There is a […]

The 19 areas that have seen property prices rise more than 250 per cent since the turn of the century

Land registry numbers in the UK show that Southend-on-Sea, which is an Essex town designated specifically as a ‘leisure pier’ for a longer period of time than has any other spot on the globe, has seen its property values ascend nearly 300% since the turn of the century. Three other east end UK towns have […]

Thousands reclaim overpaid inheritance tax as house prices falter

A combination of British estate law and a stagnant housing market has resulted in thousands of families paying too much inheritance tax because of rules requiring the tax to be paid based on values calculated before the property is actually sold. Since 2013, Her Majesty’s Revenue and Customs has received refund petitions from 15,000 families […]