Welcome to the Basingstoke Property Blog

In May last year, George Osborne published an official HM Treasury analysis stating UK house prices would be lower by at least 10% (and up to 18%) by the middle of 2018 compared with what would have been expected if the UK remained in the European Union. So, eight months on from the Referendum, are we beginning to show signs of that prophecy? The simple answer is yes and no.   Good barometers of the housing market are the share prices of the big UK builders. Much was made of Barratt’s share price dropping by 42.5% in the two weeks after Brexit, along with Taylor Wimpey’s equally eye watering drop in the same two weeks by 37.9%. Looking at the most recent set of data from the Land Registry, property values in Basingstoke are 1.55% down month on month (and the month before that, they weren’t much better with a decrease of 0.04%) – so is this the time to panic and run for the hills?   Well, it’s certainly not the Doom and Gloom it may appear. As we have men...

As we start the new year, there have been a number of reports published regarding the property market in 2017, with some conflicting news about the market.   Rightmove Rental Trends Tracker Rightmove, the largest property sales and lettings portal in the UK, released their latest figures for the rental market in 2017. Rightmove are forecasting that rents will rise by 4% nationally outside London, although the market in London is expected to see a decline of 4.4%. This rise is largely being driven by a lack of available stock for prospective tenants.   This needs to be taken in context however. Certain properties are more in demand than others (1 and 2 bed properties being most in demand), as are the location of properties and their proximity to town centres, railway stations, major travel routes, popular schools and so on. So, don't expect rents to increase by 4% for every property in every location. This is consistent with previous articles...

Martin & Co Basingstoke are proud to sponsor the Hook Fun Run in 2017. There are two Martin & Co races for you to join this year. 2017 Martin & Co 2.5 Mile Hook Fun Run or 2017 Martin & Co Hook 10 Mile We hope everyone can enter an event or at least watch and cheer everyone on.

The article below, provided courtesy of London & Country Mortgage Brokers, covers the basics of how the various different forms of tax may affect your rental property. You can download their guide as a free pdf to keep here . Do you pay Stamp Duty tax on a buy to let property? Yes. Stamp duty (or Stamp Duty Land Tax (SDLT) to give it its full name) is payable on a buy to let property. The amount varies depending on the price of the property. The current rates of stamp duty from 1st April 2016 for buy to let properties are; • 3% tax on the first £125,000 • 5% on the portion up to £250,000 • 8% on the portion up to £925,000 • 13% on the portion up to £1.5 million • 15% on everything over that Anyone buying a second property that isn’t their main residence will be charged these new rates. This will include holiday lets and buying a property for children if the parents leave their name on the title deeds. Stamp duty has to be paid within 30 days ...

  Martin & Co in Basingstoke are delighted to be able to offer a number of one and two bedroom apartments, currently being offered to the market, off plan, by the developer. This is the next phase release of ground and first floor properties.   One Bedroom A range of apartments currently being released are on the ground floor, and floors 2, 6, 7 and 11, and they range in size from 420sq ft to 560sq ft, and they range in price from £164,950 to £209,950. Potential rental values will start from approximately from £850 per month delivering a yield in excess of 6.0%.   Parking is also available at an additional cost of £10,000.   Two Bedroom A range of apartments currently being released are on the ground floor, and floors 2, and 6, and the...

House price predictions for 2017 Courtesy of BBC News As we start 2017, I wanted to start the year by taking a slightly different approach. By way of a benchmark, I have reproduced the article below, courtesy of the BBC , which outlines some of the expert views of the national housing market and their predictions for 2017. We will track this is future articles to see how Basingstoke to performing relative to the national average, and to see how accurate some of these predictions actually become. There are also a number of links in the article leading to sources for much of the data from the Nationwide Building Society and the ONS if you want more detail. You can link directly to the BBC article here . Buyers of a four-bedroom family home in London need deep pockets - but perhaps not as cavernous as a year ago. Asking prices in the capital for these top-of-the-ladder properties fell by 8.7% over the past year, according to search site Rightmove. House prices ...