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…
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…
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…
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…
👂Audio Version – www.walters-move.me/Audio In an age of soundbites and sensationalism, the UK property market—particularly here in Lincoln—often finds itself misconstrued by general narratives. While we cannot ignore the challenges of increasing mortgage rates and shifting buyer preferences, it is vital to appreciate the broader context to understand what’s happening…
👂Audio Version – www.walters-move.me/Audio The Lincoln property market experienced a boom between the summer of 2020 and late summer of 2022, fuelled mainly by pandemic-induced trends such as the stamp duty stimulus, low mortgage rates, the race for space, and the rise of remote working. 2023 has presented a different story…
The average time to sell a house in the UK from start to finish is 170 days, equivalent to 24.3 weeks or 5.6 months from the first day of marketing to legal completion, whilst in Lincoln it’s 185 days. The actual time can vary depending on market conditions, location, property…
As a Lincoln estate agent, I have witnessed first-hand how the Lincoln property market operates and the various factors that influence property sales. One intriguing aspect is the difference in saleability across different price ranges. In this article, we will delve into the dynamics of selling properties in relation to…
A Comprehensive Guide for Lincoln Homeowners In the ever-changing world of Lincoln property, the terms ‘buyers’ market’ and ‘sellers’ market’ are phrases bandied about. These property market conditions can significantly impact your ability to buy or sell a Lincoln property, regardless of which side of the fence you find yourself…
There aren’t enough homes in Lincoln. The answer is clearly to build more properties – but that, unfortunately for those badly seeking to buy or rent a home in Lincoln, takes a lot of time and massive amounts of money. So, what other solutions are there? Whilst I am an…
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…
Recent figures from the Office for National Statistics reveal that across the UK, 486,795 households are occupied by individuals aged 65 (and over) who live in a private rental sector home. This represents that 6.71% of all OAP’s now renting privately. Ten years ago, only 267,704 households were occupied by…