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…
Being a Lincoln landlord is undoubtedly a challenge. The glory years of making money from ‘any old property’ are certainly in the past. With increased legislation and taxation from Government and the cost-of-living crisis (which will result in some Lincoln tenants struggling to pay their rent), times are challenging for…
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…
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…
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…