{"id":134010,"date":"2023-01-21T23:00:11","date_gmt":"2023-01-21T16:00:11","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upsize-downsize-why-the-covid-property-race-for-space-went-sour-for-homebuyers\/"},"modified":"2023-01-21T23:08:48","modified_gmt":"2023-01-21T16:08:48","slug":"upsize-downsize-why-the-covid-property-race-for-space-went-sour-for-homebuyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upsize-downsize-why-the-covid-property-race-for-space-went-sour-for-homebuyers\/","title":{"rendered":"Upsize, downsize? Why the Covid property race for space went sour for homebuyers"},"content":{"rendered":"


\nUltra-low rates and a desire for more room during lockdown drove UK house prices to new heights. But now many of those who moved are sufferingIn the summer of 2020, when British society emerged from months of Covid lockdown, the UK housing market reopened and began booming, amid fierce demand for larger homes as buyers sought more space, better home working environments or a garden.Fuelled by ultra-low interest rates and then-chancellor Rishi Sunak\u2019s stamp duty holiday, the numbers of homeowners moving to new properties began to rise sharply from June 2020, and by August mortgage approvals had jumped to their highest level since October 2007. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Upsize, downsize? Why the Covid property race for space went sour for homebuyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ultra-low rates and a desire for more room during lockdown drove UK house prices to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-134010","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yRs","jetpack-related-posts":[{"id":124016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-shoot-up-in-uk-towns-as-race-for-space-continues-apace\/","url_meta":{"origin":134010,"position":0},"title":"House prices shoot up in UK towns as \u2018race for space\u2019 continues apace","date":"December 30, 2021","format":false,"excerpt":"\r Taunton, Somerset, records biggest average price hike as homeworking buyers spend lockdown savingsThe \u201crace for space\u201d between homebuyers has pushed up prices in some UK towns by about a fifth this year, with Taunton topping a list of areas with the biggest increases.The average price paid for a property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148657,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meet-the-young-families-stuck-in-their-starter-homes-thanks-to-the-uk-housing-crisis-kirsty-major\/","url_meta":{"origin":134010,"position":1},"title":"Meet the young families stuck in their starter homes thanks to the UK housing crisis | Kirsty Major","date":"January 3, 2025","format":false,"excerpt":"\r The arrival of a child is a good a reason as any to upsize, but this is no longer an option for many \u2018second steppers\u2019When Ronan and his wife lived as property guardians in Walthamstow, east London, owning a place of their own seemed out of their reach. But\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/seacoast-royale-extends-brisk-sale-for-a-fourth-weekend-as-hong-kong-buyers-snap-up-homes-amid-low-rates-and-easing-covid-19\/","url_meta":{"origin":134010,"position":2},"title":"Seacoast Royale extends brisk sale for a fourth weekend as Hong Kong buyers snap up homes amid low rates and easing Covid-19","date":"August 29, 2020","format":false,"excerpt":"\r The Seacoast Royale apartment complex in Tuen Mun extended its brisk sales for the fourth weekend, as decreasing cases of coronavirus in Hong Kong spurred more homebuyers to venture out of lockdown to take advantage of low borrowing rates amid a flood of liquidity.Buyers snapped up 29 of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-offered-40-year-fixed-rate-mortgage-by-uk-lender\/","url_meta":{"origin":134010,"position":3},"title":"Homebuyers offered 40-year fixed-rate mortgage by UK lender","date":"November 27, 2021","format":false,"excerpt":"\r Launch by Kensington Mortgages comes amid expectations that era of ultra-low interest rates will endA mortgage offering fixed monthly payments for 40 years was launched this week \u2013 and it could mean that some homebuyers will be able to borrow more money than with a standard deal. The Flexi\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-demand-for-mortgages-slumps-as-interest-rates-deter-buyers\/","url_meta":{"origin":134010,"position":4},"title":"UK demand for mortgages slumps as interest rates deter buyers","date":"January 31, 2023","format":false,"excerpt":"\r Bank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising interest rates, the latest official figures show.The Bank of England\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-sales-rise-since-the-covid-19-boom-as-lower-mortgage-rates-spur-activity\/","url_meta":{"origin":134010,"position":5},"title":"UK house sales rise since the Covid-19 boom as lower mortgage rates spur activity","date":"October 3, 2024","format":false,"excerpt":"\r Lower mortgage rates are sparking an uptick in the U.K. housing market, with home sales rising last month at the fastest pace since the post-lockdown boom, new data shows.\r \r Source : cnbc.com\r Read more...UK house sales rise since the Covid-19 boom as lower mortgage rates spur activity","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/134010"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=134010"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/134010\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=134010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=134010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=134010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}