Lincoln house prices rose by 1.4% last month, according to the Land Registry. This means the annual rate of house price growth in Lincoln has increased to 7.1%. Looking at the national figures, many people were concerned the UK property market was overheating as spring saw annual growth of 9.9%, the highest…
All the signs are that the Lincoln housing market is sat on good foundations, yet one key hazard could still scupper the market. ‘UK Property Prices Rising at Record Levels’ is the headline of many newspapers. In the last few weeks, the Halifax reported they had grown by 6.5% in…
As 1 in 6 Lincoln homes are selling within a fortnight of coming to market. One of the most astounding things that has happened in the last 12 months was something that did not happen. Even after the country saw the deepest recession since the Great Freeze of 1709 with…
Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak (quickly followed suit by the Welsh and Scottish Governments), announced last July that Stamp Duty was partially being suspended on all English property…
“In this article on the Lincoln property market, we review what has happened to Lincoln house prices and what is likely to happen in 2021″. Looking back at the Lincoln property market for 2020, it can certainly be seen as a frenetic game of two halves, albeit with an awfully…
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…