In 1981, 37.5% of properties in Lincoln were council houses. Today, that figure stands at 18.5%, a proportional drop of 51%. Why has the number of council houses dropped so much in those 40 years? How has that changed the dynamics of the Lincoln property market in those 40 years?…
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…
2,784 homes in the Lincoln area are empty, which represents 1 in 17 homes. 491 of those have been empty for more than six months and are worth £86million. Why are those properties standing empty and deteriorating and why could that become an issue for the whole of…
The energy bills of every Lincoln resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity. So, what…
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…
The Government’s scheduled publication of their White Paper for the Renter’s Reform Bill, which incorporates proposals to forbid Section 21 evictions and introduce ‘Lifetime Deposits’, has been suspended until 2022. The additional time is required to give a chance to create a level playing field to reforms for both landlords…
The ‘Buy-To-Let’ (BTL) mortgage is celebrating its Silver Anniversary (25 years) this autumn. Isn’t it fascinating that a decision between a group of letting agents and bankers all that time ago to offer BTL mortgages has changed the face of the Lincoln (and national) property market? But has it been…
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…