So what’s happening in Camden property prices? We’ve seen value rise very slightly in the last three months at just under 3% - a sign of optimism among buyers, many of whom will hope to benefit from the stamp duty holiday extended to 30 June 2021.
Average property prices continue to rise across the UK, with London being the only region to record the lowest price growth for four months in a row. But the capital city remains home to the most expensive properties in the country, with house prices averaging at £500,000 in March 2021.
Some analysts estimate property demand and prices will start to taper off later in the year when the furlough scheme ends in September and stamp duty thresholds return to normal levels from October.
Do it: Get on the Property Ladder
With so many incentives and support for first time buyers out there at the moment, there’s never been a better time to be a homeowner. Check out this friendly guide from the award-winning mortgage broker London & Country Mortgages, for a comprehensive overview of the various schemes and eligibility requirements.
Love it: The Most Desired Area for Movers after Lockdown
Rightmove recently revealed the 10 most sought-after areas among home buyers using its property alert sign-up data. Manchester and six other Northern towns dominated the list, signaling a clear shift in homeowners’ preference for space and quality as home working is fast becoming the new normal. Garden office, anyone?
Spotlight on… How do I find the best mortgage rates?
According to financial data and services firm Moneyfacts’ latest research, the lowest mortgage rate on a two-year fixed-term deal is currently 2.89% for first-time buyers and 1.06% for home movers. But a low rate doesn’t always mean the best rate for the property you have in mind, so don’t hesitate to get in touch with a broker for some expert advice.
Within Your Reach
THE AVERAGE CAMDEN PROPERTY VALUE IS £815,882 — WHICH GETS YOU…
“An incredible, Modernist 4-bedroom detached home in a rural location — with river frontage and mooring for your boat. Roydon village in Essex has its own train station that takes you to Liverpool Street on a 32-minute direct train, leaving you with plenty of time to feed the ducks with the kids when you get home...”
Guide Price £850,000
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