Blogs
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50% of Lincoln house sellers in 2022 had only been in their old home on average 3 years and 14 weeks
The share of Brits moving each year has been declining since the late 1980s (when at one stage, people moved every eight years), yet since the pandemic’s beginning, something has appeared to upset that trend. Newspaper stories and social media posts painted a picture of homeowners moving from the city centres…
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Is Buy-to-Let in Lincoln Still Worth the Risk?
Over the last five years, life has become a little trickier for Lincoln landlords, with changes to their taxation status, mortgage interest relief and an additional 3% stamp duty for a buy-to-let property and has made lots of Lincoln landlords ask themselves: ‘Is buy-to-let in Lincoln still worth the risk?’ Regarding…
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Lincoln Property Market Update: February 2023
With the Bank of England raising interest rates and inflation high, what is happening in the Lincoln property market? Are properties selling in Lincoln? And if so, what is selling? What will happen to the value of your Lincoln home? Read the article to find out what is happening to…
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LINCOLN BABY BOOMERS AND THEIR 684 SPARE “SPARE” BEDROOMS
An additional 2,050 spare bedrooms have been locked out of the Lincoln housing market since 2011 as Britain’s ageing population means the country’s stock of homes is being used more unproductively. The number of spare bedrooms in Lincoln between 2011 and 2021 increased from 39,577 to 41,627. The number of Lincoln households…
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Is Mrs Thatcher’s Dream of Home Ownership Still Possible?
In her first conference speech as the Tory’s new leader in 1975, the grocer’s daughter from Grantham, Margaret Thatcher, asserted her conviction in a ‘property-owning democracy’. Although Thatcher didn’t conceive the saying – (that credit belonged to Conservative MP Noel Skelton in 1923), it encapsulated what she thought Britain should…
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Lincoln Property Market Holding Up Despite Doom and Gloom in the Newspapers
The Lincoln housing market over the last three months is now becoming more ‘normal’ after the last couple of years of insane demand when the lockdowns started a race for space! Even with the blackening economic doom-mongers forecasting a harsh slowdown in the British property market, the number of people…
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What Will Happen to the Lincoln Property Market in 2023?
The autumn of 2022 saw economic and political instability with the resignation of Boris Johnson as Prime Minister and the ill-fated Liz Truss 44-day premiership. Now as we go into 2023, the economic and political turmoil has subdued, offering a greater feeling of stability in money markets. So, on the…
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57% More Lincoln Homes are on the Market Today Than a Year Ago
More Lincoln homes are now coming up for sale. This is excellent news for Lincoln homebuyers and landlords because as properties are no longer flying off the shelf as they did last year, the number of properties available to buy is beginning to return to long-term averages. This means there…
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Inflation - Every Lincoln Landlords’ Saviour?
Some of you reading this will be old enough to remember the 1970s – the bell-bottom trousers, the huge collars, frayed jeans, disco glitter balls, maxi dresses, midi skirts but above everything else – HYPER-INFLATION. With inflation currently standing at 11.1%, many of us envy the last few years…
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Falling Lincoln House Prices - The Winners & Losers
The doom and gloom of the national newspaper headlines regarding the UK property market would make you think Armageddon has arrived – this being the second most interesting topic to the Brits (the first being the weather!). So, what is happening in the British property market? As with most things…
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Lincoln tenants face further rent hikes, as the number of available rental homes drops by 19%
The number of properties available to rent in Lincoln has dropped from 1,454 to 1,175 since February 2020 (excluding student let accommodation). The average rent a tenant has had to pay in Lincoln has risen from £638 to £807 since February 2020. Many Lincoln landlords have cashed in on the…
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Is Now a Good Time to Buy a Lincoln Home?
This is the question many people are asking right now, and the answer depends on your circumstances. I pride myself on my ability to provide objective, fact-based information on the Lincoln property market so potential Lincoln house sellers, landlords and buyers can make the best decision for themselves. My role is…