PR of the Week

Tragedy as agent and senior company figure dies aged just 44 – International Estate Agent Today

Stamp duty holiday extension fuels sharp rise in demand for homes loans – Property Industry Eye

The property market pockets driving price growth in each county – Show House

Which areas of England have seen the biggest property price rises since the start of the stamp duty holiday? – Property Reporter

Tragedy as estate agent dies aged 44 – Property Industry Eye

The UK Locations Where House Prices are Rising Fastest – PropertyWire.com

Fund-raiser for family launched after estate agent dies tragically young – The Negotiator

The property market pockets driving price growth in each county – West Wales Chronicle

Two West Midlands towns where house prices rose nearly 20% last year – Birmingham Mail

Average house price in Exeter leaps to £300k after stamp duty holiday surge – The Mid Devon Gazette

The property market pockets driving price growth in each county – London Loves Property

The property market pockets driving price growth in each county – Manchester TV

The property market pockets driving price growth in each county – CCR Magazine

Chelsea take the property market Champions League on bricks and mortar performance – The Property Daily 

House prices: 2021 set to be the busiest year for the property market since the financial crash – The Times

Please like, comment on, and share the coverage. Property is always newsworthy, and now Keller Williams UK is newsworthy.

Stat of the Week

Britains top cities for first-time buyers.

The advent of coronavirus and the following waves of lockdowns has caused a widespread rewiring of the way we think about our homes. The subsequent revelations about how we interact with our living space have caused many fortunate buyers to flock to countryside and coastal areas searching for larger houses in more peaceful settings. Many city centres have seen a downturn in prices following the exodus of buyers to more rural locations.

With restrictions are coming to a gradual end and as more retail and leisure spaces reopen, demand for homes in the city is rising once again. This dip in prices is the ideal time to buy a home in the city, and with the governments 95% mortgage guarantee scheme, more and more buyers are flooding the market in hopes of landing their dream home at a reasonable price.

Rightmove have gathered information on which cities across Britain have dropped in house prices since January 2021, with Leeds and Sheffields city centres leading the pack in affordability. Both cities dropped -4% in asking price since January, followed closely by Nottingham City Centre at -3%. Cardiff comes in at fourth place with depreciation of -1% in asking prices since January, with fifth place tied between Liverpool, Birmingham and Norwich. Unsurprisingly, there has been little, if any, recorded change in prices for London and Manchester City Centres, joined by Hull and Newcastle as the only cities with no change in asking prices.

So, if you are dealing with first-time buyers looking to capitalise on the current dip in prices, their best bets for a deal are in Leeds and Sheffield. You can see Rightmoves entire breakdown of the best cities for first-time buyers below.

City Centre Average asking price April 2021 Average asking price Janurary 2021 % change
Leeds City Centre £159,972 £166,760 -4%
Sheffield City Centre £124,097 £128,606 -4%
Nottingham City Centre £178,390 £183,542 -3%
Cardiff City Centre £209,130 £212,521 -2%
Southampton City Centre £206,637 £209,586 -1%
Liverpool City Centre £161,860 £163,900 -1%
Birmingham City Centre £215,604 £217,524 -1%
Norwich City Centre £226,354 £228,258 -1%
Manchester City Centre £230,796 £231,766 0%
Newcastle City Centre £170,512 £170,148 0%
Hull City Centre £127,208 £126,776 0%
London (first-time buyer prices) £477,001 £474,950 0%