The Government has taken a significant step towards abolishing leasehold properties in England and Wales, introducing a white paper that proposes making commonhold the default tenure for flats and apartments. The reforms, which aim to phase out leasehold for the 4,006,038 English & Welsh leasehold homes, have been described as…
The UK housing market has always been subject to government policy announcements, outside forces of economics, and consumer confidence fluctuations. After a turbulent 2024, there is evidence that 2025 will provide more stability and growth—particularly in areas such as Lincoln, where affordability, high demand, and improved financial situations are coming…
Last week, the Bank of England’s interest rate dropped to 4.5%, marking its third cut in under a year. This decision follows a previous reduction in November 2024, with the rate remaining unchanged in December. While most of the Bank’s policymakers supported the move to 4.5%, a minority favoured a…
If you’re a homeowner in Lincoln thinking of selling your property, you have probably wondered how long it will take to find a buyer. The timeline for selling a home varies depending on factors such as property type, price, and market conditions. Fortunately, we’ve compiled the latest statistics for 403…
The issue of new housebuilding in the UK stirs strong emotions. Many believe their local areas are turning into construction zones, with too many homes being built, disrupting the character of towns and villages. But is this perception grounded in reality? The Labour government, which came into power in the…
As an experienced estate agent based in Lincoln, I like to monitor the UK and Lincoln property market trends. Therefore, I will start by analysing the 2024 property market (both nationally and locally) and then give my predictions for 2025. In 2024, the UK property market recorded 1,230,136 homes sold…
Smaller household sizes are one of the reasons the Lincoln (and the UK) property market and house prices will continue to hold up well in the medium to long term. British households for the last 100 years have been getting smaller, and this trend will drive demand for property and…
For decades, baby boomers in the UK have been the quiet beneficiaries of a housing market that has worked in their favour. Rising property prices and a growing housing shortage have pushed home values sky-high, giving this generation substantial equity in their homes. However, as more and more boomers enter…
The number of agreed UK property sales until Saturday, 22nd November 2024, is 18% higher than a year ago. Breaking those stats down even further, as of 22nd November 2024, 1,009,340 UK homes had been sold subject to contract (STC), an 18% increase from the 855,083 homes sold STC in…
Are you a homeowner in Lincoln? Perhaps you’re planning to move/sell/buy within the next six to twelve months, or maybe you’re on the lookout for your next dream home and have no timescales. Whether you’re buying or selling, having a clear understanding of the current state of the property market…
A Lincoln landlord recently asked me why the brand new property she was considering was noticeably more expensive than a similar second-hand home in the same location. It’s a common question, and many homeowners and landlords in Lincoln have likely pondered it. So, I decided to dig into the data…
Setting up your home correctly can help attract genuine buyers, especially in a tough market like Lincoln. Here are the top 10 staging tips to make your home more attractive, helping it sell quicker and for more money. Try these effective methods to tidy up, improve the outside look, and…
Transforming your front garden into an inviting oasis doesn’t have to break the bank. You can improve your outdoor area without spending too much on creative ideas and careful planning. This article offers ten simple and budget-friendly gardening tips specifically for homeowners in Lincoln. Find out how to create a…