The last couple of years of the Lincoln property market has seen some amazing prices being achieved with multiple offers and many properties selling for way over the asking price. Yet, as I have been writing about the Lincoln property market over the last few weeks, the tide is beginning…
The Lincoln property market is on the verge of a ‘tipping point’. The rate of house price growth has started to ease with a reduction in the number of properties that will sell in Lincoln in the coming 12 to 18 months. Yet, rising interest rates and the cost-of-living issues…
Well, what a weekend that was. Street parties, gatherings in the park, the bunting, egg & cress sandwiches, union jack flags, cheese & pineapple on cocktail sticks, and let’s not forget the trifle, a great Platinum Jubilee Party. And no decent party is worth its salt without a game or…
Inflation (and recessions) can be nerve racking for people and their hard-earned savings and wealth. Yet there are six reasons which make investing in private rental properties a potentially wise investment in these changeable times. This article looks at how investing in Lincoln property could help you ‘hedge’…
Should you buy now or wait for the bargains? Many commentators believe we have seen the peak of the Lincoln property market. So, should savvy bargain hunters wait for Lincoln house prices to fall? Or could postponing your house buying for any anticipated Lincoln house price drop be a costly…
2,504 properties have sold in the Lincoln area in the last 12 months. It only takes 55 days to sell a Lincoln home, so why does it take 114 days from the sold board going up to the buyer getting the keys? With a shortage of solicitors and a sub-standard…
The average time to find a buyer for a Lincoln property reduced from 86 days in 2020 to 56 days in 2021. Yet still, just under 1 in 4 Lincoln homeowners are on the market after 12 weeks. Why are so many Lincoln homes still on the market after all…
The UK is currently experiencing its highest inflation rate since the early 1990s. This increase in prices has primally come about by the combination of an increase in demand for goods and services from consumers following lockdown last year together with global supply chain disruptions. Most economists weren’t too…
There are 406 properties for sale today in Lincoln; roll the clock back exactly a year, and the figure was 686 – there’s been a drop of 41%. This drop is being dubbed ‘for sale board crunch’. The ‘for sale board crunch’ has left many prospective Lincoln home buyers stressing…
Since 2001, UK average house prices have risen by an astonishing 187.2% across the UK, while in London the figure is 247.6%. Looking back at the people that bought in those first few years of the new Millennium, few of those buying or selling property in 2001 could have forecast…
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…