Blogs

2-Bed or 3-Bed Lincoln Homes: Which Sells the Fastest?

Understanding the nuances of property sales is essential for both homeowners and investors in the dynamic Lincoln property market. A few weeks ago, I stated that of the Lincoln properties that have sold subject to contract (stc) in the three months of Dec, Jan & Feb, it took an average…

Lincoln Q1 2024 Property Market Report

In the articles on the Lincoln property market, we like to provide an insight into the real story of what is happening in our Lincoln (and national) property market and address the misconceptions that some of the ‘doom monger’ media have been spreading. Despite almost daily reports of a housing…

Lincoln’s £1.29 Billion Inheritance from Baby Boomers Won't Save Gen X and Millennials

Many Lincoln people I talk to in their late 30s to late 40s are relying on the inheritance from their baby boomer generation parents to help them in their home buying and retirement future. It is true there is £2 trillion (£2,040,861,524,790 to be exact give or take a few…

How has the Spring Budget affected Lincoln Homeowners and Landlords?

The Spring Budget 2024 this afternoon has introduced some changes that could significantly influence your Lincoln property strategies and investment outcomes. Here’s a comprehensive mini update: Capital Gains Tax Cut: A major highlight is the reduction in the higher rate of property Capital Gains Tax from 28% to 24%. This…

Lincoln's Restless Homeowners: The 5 Year 39 Week Itch in the Lincoln Housing Market

There are 28.4m households in Britain, of which 17,693,200 are owned, worth a total of £5,127,807,837,600 (£5.1 trillion). When you add all the private rented homes and council houses, that figure reaches just over £8.5 trillion!   Over the last six years, 76,669 UK properties have sold each month, meaning…

House Sales Up 14.8% on 2023 as Mortgage Rates Fall (Yet is it a sellers’ market in Lincoln?)

The number of agreed UK property sales until the last Sunday of January (28th) is 8.35% higher than a year ago. Tumbling mortgage costs have encouraged buyers and sellers to return to the property market. There is a more buoyant picture for the UK property market in the first four…

Is 2024 a good time to sell your Lincoln home?

As a seasoned estate agent serving the Lincoln community, I’ve always prided myself on offering transparent, informed advice to local homeowners. Today, I’d like to provide a balanced perspective on the current housing market trends and what they could mean for those contemplating selling their Lincoln homes.   The housing…

The UK Property Market in 2024: A Robust Start with Implications for Lincoln

As an experienced estate and letting agent based in Lincoln, I have been closely monitoring the trends in the UK property market. As of January 11th, 2024, the market has shown a solid start, a trend worth exploring, especially in how it might mirror or differ from the local market…

In a recent financial turn, Lincoln residents are experiencing a wave of relief as mortgage rates across the UK take a surprising dip. This reduction, led by major lenders, signals a potential opportunity for the Lincoln housing market, directly affecting homeowners, landlords and first-time buyers in the city. Let’s delve…

Why didn’t Lincoln House Prices Crash in 2023?

As I review the performance of the Lincoln property market in 2023, it’s evident that despite the challenges, the housing sector in the city has shown remarkable resilience. At the beginning of the year many commentators suggested house prices would drop like a stone in 2023. The Halifax thought there…

How the 25.2% Saleability Drop in the Lincoln Property Market Might Impact Your 2024 Home Moving Plans

The Lincoln housing market, like many others, has experienced a notable shift in 2023. The percentage of home sales agreed and moved (completed) compared to those withdrawn from the market unsold has decreased relative to 2022. Looking at independent data for the Lincoln area (LN1-LN6) … In 2022, 67.0% of…

Navigating the Lincoln Property Market: The Art of Pricing Properties Right

As we stand at the threshold of 2024, facing economic uncertainties and a shifting housing landscape, the significance of correct pricing in Lincoln’s property market has never been more pronounced. This comprehensive guide delves into the crucial aspects of property pricing and its profound impact on the property market transaction…