With the Bank of England raising interest rates and inflation high, what is happening in the Lincoln property market? Are properties selling in Lincoln? And if so, what is selling? What will happen to the value of your Lincoln home? Read the article to find out what is happening to…
An additional 2,050 spare bedrooms have been locked out of the Lincoln housing market since 2011 as Britain’s ageing population means the country’s stock of homes is being used more unproductively. The number of spare bedrooms in Lincoln between 2011 and 2021 increased from 39,577 to 41,627. The number of Lincoln households…
The autumn of 2022 saw economic and political instability with the resignation of Boris Johnson as Prime Minister and the ill-fated Liz Truss 44-day premiership. Now as we go into 2023, the economic and political turmoil has subdued, offering a greater feeling of stability in money markets. So, on the…
The number of properties available to rent in Lincoln has dropped from 1,454 to 1,175 since February 2020 (excluding student let accommodation). The average rent a tenant has had to pay in Lincoln has risen from £638 to £807 since February 2020. Many Lincoln landlords have cashed in on the…
This is the question many people are asking right now, and the answer depends on your circumstances. I pride myself on my ability to provide objective, fact-based information on the Lincoln property market so potential Lincoln house sellers, landlords and buyers can make the best decision for themselves. My role is…
I often get asked what is going to happen to Lincoln house prices. Many things affect house prices, and it comes down to simple supply and demand. On the supply side of the equation, in the short-term, the number of people wanting to sell their property at any one time…
Most Lincoln homeowners born before 1960 have been in their homes for more than 25 years. Yet of all the properties sold in the UK since the first lockdown in the summer of 2020, 50% of those property owners had only been in their homes for six years and four…
Doom and gloom in the British property market or clickbait doom-mongers? Newspapers and clickbait 24-7 news websites, desperate for clicks, are peddling a story of a doomsday time for the economy, particularly the property market, as interest rates and inflation create the perfect storm for the UK property market. So,…
Last week the Bank of England increased interest rates to 2.25% and they are expected to be 3.25% by early next year. This increase will make the monthly mortgage payments more expensive for first-time buyers, an issue dubbed by some as the ‘property affordability crunch.’ It will also damage the…
Looking at the newspapers with their doom and gloom headlines, you would think that the Lincoln property market (and the British property market) would be on its knees. Yet ring some Lincoln estate agents for a viewing or free valuation, and if you can get an appointment within a week…
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…
This question was posed by one of my nephews, when they dropped over for a family quiz over the Christmas break (doesn’t that seem an age away now?). I didn’t know the answer off the top of my head, yet I promised I would find out. So, over the Christmas…
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…