Many Lincoln people I talk to in their late 30s to late 40s are relying on the inheritance from their baby boomer generation parents to help them in their home buying and retirement future. It is true there is £2 trillion (£2,040,861,524,790 to be exact give or take a few…
There are 28.4m households in Britain, of which 17,693,200 are owned, worth a total of £5,127,807,837,600 (£5.1 trillion). When you add all the private rented homes and council houses, that figure reaches just over £8.5 trillion! Over the last six years, 76,669 UK properties have sold each month, meaning…
The number of agreed UK property sales until the last Sunday of January (28th) is 8.35% higher than a year ago. Tumbling mortgage costs have encouraged buyers and sellers to return to the property market. There is a more buoyant picture for the UK property market in the first four…
As a seasoned estate agent serving the Lincoln community, I’ve always prided myself on offering transparent, informed advice to local homeowners. Today, I’d like to provide a balanced perspective on the current housing market trends and what they could mean for those contemplating selling their Lincoln homes. The housing…
As an experienced estate and letting agent based in Lincoln, I have been closely monitoring the trends in the UK property market. As of January 11th, 2024, the market has shown a solid start, a trend worth exploring, especially in how it might mirror or differ from the local market…
In a recent financial turn, Lincoln residents are experiencing a wave of relief as mortgage rates across the UK take a surprising dip. This reduction, led by major lenders, signals a potential opportunity for the Lincoln housing market, directly affecting homeowners, landlords and first-time buyers in the city. Let’s delve…
As I review the performance of the Lincoln property market in 2023, it’s evident that despite the challenges, the housing sector in the city has shown remarkable resilience. At the beginning of the year many commentators suggested house prices would drop like a stone in 2023. The Halifax thought there…
The Lincoln housing market, like many others, has experienced a notable shift in 2023. The percentage of home sales agreed and moved (completed) compared to those withdrawn from the market unsold has decreased relative to 2022. Looking at independent data for the Lincoln area (LN1-LN6) … In 2022, 67.0% of…
The UK’s property market landscape has experienced a significant shift over the last couple of years. In October 2021, there were 424,809 properties for sale in the UK. That now stands at 664,780, a rise of 56.5%. Looking at the number of property sales in the UK in October 2021,…
As Lincoln strides into the future, the burgeoning private rented sector has continued to house many of its residents. The decade-spanning 2011 to 2021 saw a significant surge in the private rented sector, a testament to the enduring appeal and viability of the Lincoln property market. This growth has unfolded…
A Lincoln landlord recently asked me why the brand new property she was considering was noticeably more expensive than a similar second-hand home in the same location. It’s a common question, and many homeowners and landlords in Lincoln have likely pondered it. So, I decided to dig into the data…
Setting up your home correctly can help attract genuine buyers, especially in a tough market like Lincoln. Here are the top 10 staging tips to make your home more attractive, helping it sell quicker and for more money. Try these effective methods to tidy up, improve the outside look, and…
Transforming your front garden into an inviting oasis doesn’t have to break the bank. You can improve your outdoor area without spending too much on creative ideas and careful planning. This article offers ten simple and budget-friendly gardening tips specifically for homeowners in Lincoln. Find out how to create a…