The Lincoln property market has undergone significant changes over the past few years, as depicted in the two graphs provided. These visualisations capture the trends in the number of properties available for sale and the number of properties sold subject to contract (SSTC) from January 2019 to July 2024. By…
In a significant move to address the UK’s housing shortage, Lloyds Banking Group and Barratt Developments have joined forces with Homes England, the government’s housing agency. Their goal is to initiate large-scale housing projects, with each entity contributing an initial £50 million to establish the Made Partnership. This new venture…
The Lincoln property market has experienced a rollercoaster ride since 2019, reflecting the unprecedented challenges and opportunities that have shaped the landscape of home buying and selling in the area. The accompanying graph vividly illustrates these dramatic fluctuations, comparing Lincoln’s monthly house sales, expressed as a percentage of the six-year…
The UK property market has undergone significant shifts since the summer of 2020, driven primarily by the post lockdown race between the summer of 2020 and late 2021, and then a rapid series of interest rate hikes aimed at curbing inflation in 2022 and 2023. These changes have had far-reaching…
The rental property market is on the brink of a significant shift, one that will undoubtedly cause concern among landlords across the UK. The new Labour government has made clear its intention to raise the minimum energy performance standards for rental properties, a move that could have far-reaching implications for…
Are you a Lincoln homeowner? Are you thinking of moving home in the next six to twelve months?Whether you’re aiming to buy your dream Lincoln home or sell a beloved property, grasping the current market dynamics is crucial. You might be a Lincoln buy-to-let landlord, looking at selling or buying…
Lincoln, with its vibrant culture and rich history, has long been an attractive place to live. However, recent concerns suggest that the whole of the UK (and thus Lincoln) may be facing a population crisis, impacting the quality of life for its residents. With 9,436 people living in every square…
It might surprise many that, despite significant inflation over the past few years, buying a house today is still more affordable as a percentage of take-home pay.The average value of a typical Lincoln first-time buyer property has surged by 296.9% since 1989 (35 years ago), reaching £159,700 in 2024. So,…
Roll the clock back to 1979, a year marked by a seismic shift in the UK government with Margaret Thatcher coming to power. This was a momentous time for the country, symbolising a new direction. Fast forward to 2024, and we could be about to experience another significant change with Sir…
The length of time it takes to sell a property is a crucial indicator of the health of the property market. This metric can provide insight into supply and demand dynamics, the efficiency of estate agencies, and overall market confidence. For Lincoln homeowners and investors alike, understanding these trends can…
Now that I have had time to reflect, this week we look at what the Autumn Budget will mean for Lincoln homeowners and landlords. The Chancellor’s Autumn Budget: What Does It Mean for Lincoln? After months of rumour, leaked ideas and speculation, the Chancellor’s Autumn Budget has finally arrived. Many…
If you listened to the doom merchants, you would think first-time buyers (FTB) in Lincoln had no chance at all. According to the loudest voices, buying a first home is impossible, the ladder has been pulled up, and the only people who buy their first homes today are lottery winners…
The Autumn Budget delivered the expected changes to housing and taxation, although the impact will be felt more in sentiment than in immediate cost. The centrepiece was the new annual levy on homes worth more than £2m, due from 2028. Owners of £2m plus homes will pay more and the…