Author Archives: swalepropertynews

In Britain, there are 27,071,500 households, of which 17,044,450 are owned and are worth a total of £3,925,865,212,950 (£3.92 trillion). Over the last 5 years, an average of 86,096 properties sell each month, meaning just over a million UK households move home per year. Therefore, the average British homeowner moves every 16 years 5 months.Continue reading “Half of Faversham Homeowners Move Again Within 7 Years and 8 Weeks – Why?”

Over the last six months, the Sittingbourne Property Market has been flourishing. As soon as an estate agents “For Sale” flag went up, neighbours would be checking out Rightmove to see the internal pictures and compare the asking price to their own home (go on … admit you do that too – every Sittingbourne homeownerContinue reading “The Busiest December for the Sittingbourne Housing Market Since 2006”

What does this mean for Sittingbourne property owners? With most Sittingbourne families home schooling their children in lockdown and the forthcoming Stamp Duty Holiday deadline on the 31st March 2021, less Sittingbourne properties have been coming onto the Sittingbourne property market since the new year. This has prompted a 6% drop in the supply of Sittingbourne homesContinue reading “6% Drop in Sittingbourne Homes “For Sale” in Last 4 Months”

Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak, (quickly followed suit by the Welsh and Scottish Governments) announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000Continue reading “Sittingbourne Property Market: Is it Time to Stamp Out Stamp Duty?”

When William the Conqueror invaded our fair shores in 1066, like all good kings, he needed to buy loyalty and raise cash to build his castles and armies. He did this by feudal law system and granted all the faithful nobles and aristocrats with land. In return, the nobles and aristocrats would give the KingContinue reading “697 Faversham Homeowners to be ‘Unchained’ from Toxic Leasehold Agreements in Biggest Shake-up of Property Law in Decades”

Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Sittingbourne home and the mortgage payments youContinue reading “How Will the Brexit Deal Affect Sittingbourne House Prices & Your Mortgage Payments?”

…and the three reasons why it will not be the catastrophic scenario some are predicting In the last few months, the Faversham (and UK) property market has resisted and flouted every economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly halfContinue reading “Will the Faversham Property Market Crash in 2021”

Looking back at the Faversham property market for 2020, it certainly can be seen as a frenetic game of two halves, albeit with a very long half time in the spring. Between the General Election in mid-December and Christmas, many Faversham agents saw an unusually higher uplift in activity in the property market just asContinue reading “The 2020 Review of the Faversham Property Market”

With the banks reducing the number of low deposit mortgages (i.e. deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of Sittingbourne first-time buyers has been decreasing quickly, meaning many of those would-be Sittingbourne buyers wanting to make the first step on the Sittingbourne property ladder will stay inContinue reading “As Sittingbourne First-Time Buyers are Being Locked Out of the Sittingbourne Property Market –Rents Have Risen by 2.8%”