By Andy Wade – Director Gallant Richardson Colchester Colchester Property Market Update – October 2024 The property market is showing continued signs of recovery, according to a report from the nation’s surveyors, while renters face increasing pressure due to a decline in available rental properties. The latest Royal Institution of Chartered Surveyors (RICS) Residential Market […]

By Andy Wade – Director Gallant Richardson Colchester Colchester Property Market Update – September 2024 The Royal Institute of Chartered Surveyors (RICS), the professional body of the majority of UK surveyors, confirms in its monthly survey of its members, that for the first time since October 2022, their key metric of price growth moved into […]

Colchester Property Market Update – August 2024 By Andy Wade – Director Gallant Richardson Colchester First Time Buyers Have Just Eight Months Before Stamp Duty Increases   First-time buyers have until April 2025, just 8 months away, before the current and significant savings on stamp duty will end. Until April 2025, first-time buyers do not […]

By Andy Wade – Director Gallant Richardson Colchester What can Property Buyers and Sellers Expect From a New Labour Government? As Colchester elected its first Labour MP since 1945, Pam Cox, a former Essex University Professor won a convincing victory in the 4th July General Election. In an acceptance speech, Mrs Cox said –  ‘This […]

By Andy Wade – Director Gallant Richardson Colchester Colchester Property Market Update – June 2024 Good news for both buyers and existing homeowners in Colchester as lenders announce cuts to mortgage interest rates. Three of the UK’s big mortgage lenders recently confirmed the reduction of over 100 mortgage deals after months of increases.  The HSBC, […]

Understanding the Renters Reform Bill By Tim Wade – Manager Gallant Richardson Colchester What the Renters Reform Bill plans to achieve The Renters (Reform) Bill is set out to achieve the government’s commitment to bring in a better deal for renters, this specifically includes abolishing section 21 ‘no fault’ evictions and reforming landlord possession grounds. […]

Colchester Property Market Update March 2024 By Andy Wade – Director Gallant Richardson Colchester Recent data from property portal Rightmove confirms that Thursday 28th March, the day before Good Friday, saw the largest number of property listings come to the market in any single day this year. The post also confirms that the 28th, the […]

House prices in Colchester continue to rise By Andy Wade – Director Gallant Richardson Colchester Colchester Property Market Update March 2024 The monthly average house price increased by 1.7% in February, pushing the property market ever closer to its peak in June 2022, with the average house price just £1,800 short of the top of […]

Average house prices increase for the fourth consecutive month By Andy Wade – Director Gallant Richardson Colchester Colchester Property Market Update  February 2024 Following on from our Colchester property market update last month and the positive media reporting of significant increases in buyer activity. The upbeat tone continues into February with the Halifax reporting fourth […]

Positive News for Colchester Property Market in 2024 By Andy Wade – Director Gallant Richardson Colchester Colchester’s Property Market has largely defied expectations of a crash, with property prices remaining above pre-pandemic levels. The New Year seems to have started strong with predictions of price rises and lower interest rates. What the Papers Say In […]