
How to know what your home is really worth in today’s market
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In Property News this week:
- Interest-Only Mortgages Crash: Are borrowers losing interest—or are lenders pulling the plug?
- Non-Doms Flee: Changes to the non-domicile tax regime cost the government £401 million in lost stamp duty, according to estate agents, Knight Frank.
- Land Banks Unlocked: Developers finally dip into their hoarded land plots—600,000 of them worth £200 billion.
This week's guest: Charlie Lamdin – Founder, Best Agent
Russell challenges property expert Charlie Lamdin, who offers uncomfortable truths for both sellers and buyers:
- The Housing Market Doesn’t Exist: Charlie dismantles the myth of “a” housing market, revealing tens of thousands of micro-markets, often split not just by region, but by street.
- Overpricing Epidemic: Estate agents are often overvaluing homes to win instructions, distorting prices and clogging the market.
- First-Time Buyers Rule the Market: A record-breaking 54% of 2024 transactions were from first-time buyers with mortgages.
Got a question about your own buying or selling journey? Email HomeFront@radionewshub.com and it could be answered on a future episode.
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