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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 The percentage of home sales agreed and moved (completed) compared to those withdrawn from the market unsold has decreased relative to 2022.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…

The Future of Lincoln House Prices

In the ever-changing landscape of the Lincoln property market, predicting future house price trends can be akin to navigating a labyrinth. The past two years have witnessed unprecedented upheaval, primarily due to fluctuating interest rates that significantly impacted household finances, reminiscent of the challenges not faced since 2008. The average…

The Lincoln Property Market and the importance of realistic pricing (if you want to sell)

The UK’s property market landscape has experienced a significant shift over the last couple of years. In October 2021, there were 424,809 properties for sale in the UK. That now stands at 664,780, a rise of 56.5%. Looking at the number of property sales in the UK in October 2021,…

1 in 3.6 Lincoln Homes are in the Private Rented Sector:

As Lincoln strides into the future, the burgeoning private rented sector has continued to house many of its residents. The decade-spanning 2011 to 2021 saw a significant surge in the private rented sector, a testament to the enduring appeal and viability of the Lincoln property market. This growth has unfolded…

The Resurgence of Lincoln's Semi-Detached Houses: ...a 397% Price Surge in 28 Years

In the realm of British suburban living, the semi-detached house has often been the subject of caricature, a symbol of safe yet uninspiring domesticity, epitomised by hit TV shows and movies like the Dursleys out of Harry Potter, the BBC show Outnumbered, Birds of a Feather and the ever-awkward son…

Rental Market Dynamics: A National & Regional Overview with a Focus on Lincoln

The UK rental market has once again demonstrated its resilience and dynamic nature. Recent figures state that the average advertised rent for newly listed properties in the UK last month was £1,787 per calendar month. The average for the UK excluding Greater London is £1,211 per calendar month (and Greater London…

An in-depth analysis of where Lincoln people are moving.

The consensus among economists and the wider public is clear: the remarkable ascent of Lincoln’s property prices over the previous twelve years has reached its peak and is now starting to drift downwards. Major national publications splash headlines filled with pessimism about the UK housing market, citing issues such as…

Ignoring the Doom Monger Headlines

Navigating the property landscape, particularly in a city like Lincoln, requires more than just a reactive approach to the daily newspaper and social media headlines. As homeowners and potential investors are continuously bombarded with alarming whispers of plummeting house prices, coupled with rising interest rates and the heartache of negative…