Lincoln OAP retirees must make tough choices with the onset of the cost-of-living crisis. Growing inflation, unpredictable financial markets and the prohibitive cost of living mean many former retired Lincoln people are returning to work in what has been dubbed the ‘great unretirement’. Some are even bringing forward their downsizing…
As gas and electric bills rocket for Lincoln tenants, Lincoln landlords who do not start to make energy efficiency upgrades face lengthy void periods and will have to discount their rents. This is irrespective of the Government’s plans to change the rules on renting properties with low Energy Performance Certificate…
With the cost-of-living crisis beginning to hit, the 20 and 30-somethings of Lincoln urgently need the help and support of the Government to help them get on the property ladder. For the last few weeks, we have listened to the debates and hustings of Liz and Rishi. Between them, they…
“An apartment is over £100 grand and a flat under”, said my friend. All joking aside, there is no difference, call it what you will, the humble apartment/flat has served Lincoln well over the years. The average sale price of an apartment in Lincoln in 2021 was £156,280, making it…
The predicament of the Lincoln 20 to 30 year olds who rent and their inability to get onto the housing ladder is often discussed in the press. There are 4.43m properties in the UK that are still in the private rented sector (compared to 2.13m in 2002). This group of…
Lincoln property prices have increased by 16.5% over the last two years. Lincoln house prices have risen on the back of several things, including changes in how people see their homes and how they live and work (i.e., working from home), a lack of properties on the market and government…
The total value of homes owned by Baby Boomers in Lincoln alone is £2,883,700,998, and two-thirds of the Lincoln Millennials are set to inherit all that in the next few decades! Could this be the answer to the housing crisis? Could Lincoln Millennials live it up for the next few…
“Tell me what is happening to the Lincoln property market”, asked the friend of a friend at a recent do I went to in Lincoln (after finding out I was an agent in Lincoln). I always reply, “It depends if you are buying, selling or both”. The Lincoln property market…
Even though the average value of a Lincoln first-time buyer property has risen by 292.8% since 1989 to £180,350, the monthly payments Lincoln first-time buyers must make on their mortgages as a proportion of their take-home pay is 35.4% less today compared to 1989. Today, according to the Nationwide Building…
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…
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…