Fill out our survey and Win!

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We’d like to take 2 minutes of your time to complete our online survey to help us understand our users and build a better site.

To make it worth your while, we will automatically enter you into our competition for a chance to win a £100 or £50 IKEA voucher.

Terms & Conditions:

– The prize is a prize of a £100 IKEA Gift Card for the best entry and a £50 IKEA Gift Card for the runner-up.
– Entrants must be a resident of the UK.
– Entrants must be at least 18 years of age to enter.
– One entry is allowed per person.
– Only the winning entrant can be a recipient of the voucher.
– The winners will be selected from all valid survey entries, tweets and Facebook comments.

– The competition will run from 9/09/2014 until 31/10/2014 and the winner will be announced on 04/11/2014
– If a winner does not respond within 7 days of the winner announcement, the prize will be allocated to another entrant.
– This competition is not open to employees of Placebuzz or any associated companies or their immediate families.
– This competition is run independently by Placebuzz on their chosen social networking platforms and is not endorsed by, associated with or sponsored by Twitter, Facebook or IKEA.
– Placebuzz reserves the right to close the competition early.
– Placebuzz can duplicate any entries into the competition on any of their hosting platforms i.e. website or social media accounts.

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#PointlessPropertyPurchase Competition: Win a £100 or £50 IKEA Gift Card

PointlessPropertyPurchase_Competition

Move over summer, it’s Back to School time! Students will be flocking to the UK from all over the world, going on manic shopping sprees to find various items for their new digs; be it cutlery, crockery, bed linen or even a poster or two…

What we’d like to know is whether you’ve ever bought something for a new place with loads of ideas for what you’re going to do with it…

And then when you finally move in… NOTHING comes of it. It could be that smoothie maker  you dreamed of getting your 5-a-day with or that bedside cabinet you thought would really improve the feng shui. We like to call this a #PointlessPropertyPurchase.

We’re so intrigued by your Pointless Property Purchases, in fact, that we’re offering a prize for the best ones in a competition; we have a first prize of a £100 IKEA Gift Card up for grabs and a runner-up prize of a £50 IKEA Gift Card to make up for that pointless purchase of yours!

There are two ways to enter:

Twitter:

1. Follow us on Twitter (@placebuzz)
2. Tweet us your #PointlessPropertyPurchase, making sure you include the hashtag (and a photo if possible!)

Facebook:

1. ‘Like’ us on Facebook at https://www.facebook.com/placebuzz
2. ‘Like’ the competition post and comment with your #PointlessPropertyPurchase
(and a photo if possible!)

We’re looking forward to reading (and seeing) them!

Terms & Conditions:

– The prize is a prize of a £100 IKEA Gift Card for the best entry and a £50 IKEA Gift Card for the runner-up.
– Entrants must be a resident of the UK.
– Entrants must be at least 18 years of age to enter.
– One entry is allowed per person.
– Only the winning entrant can be a recipient of the voucher.
– The winners will be selected from all valid tweets and Facebook comments.

– The competition will run from 9/09/2014 until 17/10/2014 and the winner will be announced on 20/10/2014
– If a winner does not respond within 7 days of the winner announcement, the prize will be allocated to another entrant.
– This competition is not open to employees of Placebuzz or any associated companies or their immediate families.
– This competition is run independently by Placebuzz on their chosen social networking platforms and is not endorsed by, associated with or sponsored by Twitter, Facebook or IKEA.
– Placebuzz reserves the right to close the competition early & to change the T&C’s at any point during the competition.
– Placebuzz can duplicate any entries into the competition on any of their hosting platforms i.e. website or social media accounts.

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Swansea is most affordable place in the UK for second steppers looking to buy first family house

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  • Edinburgh is least affordable for second steppers, with average price difference of 124.7% between flat and first house
  • London – price difference between flat and first house for second steppers is £463,580
  • Four Scottish cities; Edinburgh, Dundee, Aberdeen and Glasgow, appear in list of least affordable places for second steppers
  • Two east England locations; Norwich and Ipswich, rank in the top three most affordable locations to be a second stepper

London, 20th August, 2014 — Swansea is the most affordable place in the UK for second stepper couples looking to buy their first family home, with the average price of a house only 9.6% more than the average price of a flat, according to research carried out by property search engine, Placebuzz.com.

Figures show that homeowners on the first rung of the property ladder in Swansea have the smallest percentage jump to the second rung. The average price of a one to two bedroom flat in Swansea is £133,561, compared to £146,448 for a terraced or semi-detached house. That’s a price difference of just £12,887, which is around 57% of the average annual salary in Swansea, which stands at £22,829
The problem of second stepping has forced couples across the UK to stay in their first properties, which are often flats, much longer than they would like. Placebuzz.com figures reveal towns and cities around the UK where the second step, from flat to a terraced or semi-detached house, is the largest and smallest. Only major towns and cities have been considered for this research.

The east of England came out as the most affordable region of the country for second stepper couples, with Norwich and Ipswich featuring in the top three places for most affordable second stepper towns or cities. The average percentage price difference between a terraced/semi-detached house compared to a flat in Norwich and Ipswich is 18.4% and 19.5% respectively.

This compares with Edinburgh, which came out as being the least affordable place in the UK for second steppers based on the percentage difference between the price of a house versus a flat. Couples in Edinburgh looking to buy their first family home face a mammoth 124.7% extra or £180,285 more to purchase an average terraced/semi-detached house (£324,874), compared to a one to two bedroom flat (£144,589). With the average salary in Edinburgh around £31,040, that extra cost to step up is 581% more than the average wage.

Predictably, London is the least affordable city when you look at the actual amount of money required to jump from the first rung to the second rung of the ladder, with couples facing the prospect of having to find an extra £463,580 to move from a flat to their first house. That’s a staggering 1079% of the annual central London salary of £42,970, which explains why many couples have to move out of the capital to second step.

Placebuzz.com figures reveal that Scotland actually has the two least affordable places for second steppers, with Edinburgh closely followed by Dundee, where couples looking to buy their first family home are looking at an average additional cost of £79,089 to do so. Aberdeen and Glasgow also feature high up on the list, with average second steps of £101,718 and £53,040 respectively.
The following table shows the most affordable towns or cities for second steppers looking at the price difference of an average 1-2 bedroom flat compared to a terraced or semi-detached house:

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The following table shows the least affordable towns or cities for second steppers, looking at the price difference of an average 1-2 bedroom flat compared to a terraced or semi-detached house:

Screen Shot 2014-09-03 at 12.30.41

Andy Hatoum, co-founder of Placebuzz.com, comments: “These figures show that the gap between the first and second rung of the property ladder in many areas of the UK remains too wide for many couples to consider buying their first family house.

“The second step is the often the hardest step to take on the property ladder. But it’s also the most important for many couples, as this is the property they stay in for years to raise a family. It’s not just the price differential between a flat and a house, there’s also the additional costs of purchase such as stamp duty, extra mortgage and furnishing costs that need to be met.

“Many couples have to put off moving, and accept they might to have to raise a family in cramped conditions and in areas not necessarily suited to bringing up children. Inevitably, relocation becomes a topic of conversation around the dinner table, but this is not always an option if work or family commitments mean they have to stay local or face horrendous commuter journeys.”

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