Lincoln, with its vibrant culture and rich history, has long been an attractive place to live. However, recent concerns suggest that the whole of the UK (and thus Lincoln) may be facing a population crisis, impacting the quality of life for its residents. With 9,436 people living in every square…
It might surprise many that, despite significant inflation over the past few years, buying a house today is still more affordable as a percentage of take-home pay.The average value of a typical Lincoln first-time buyer property has surged by 296.9% since 1989 (35 years ago), reaching £159,700 in 2024. So,…
Roll the clock back to 1979, a year marked by a seismic shift in the UK government with Margaret Thatcher coming to power. This was a momentous time for the country, symbolising a new direction. Fast forward to 2024, and we could be about to experience another significant change with Sir…
The length of time it takes to sell a property is a crucial indicator of the health of the property market. This metric can provide insight into supply and demand dynamics, the efficiency of estate agencies, and overall market confidence. For Lincoln homeowners and investors alike, understanding these trends can…
Now we know Labour will be taking the reins of government and ushering in a new era of policies and promises, particularly in housing and property markets. Their manifesto outlines ambitious plans to address the chronic issues of housing affordability, renters’ rights, and homelessness. However, the practical implementation of these…
As an estate agent working in Lincoln, I believe it’s crucial to provide a comprehensive and realistic perspective on the local and national property markets. This approach aims to dispel the misconceptions often perpetuated by the media. Despite frequent reports predicting a housing market crash since September 2022, the actual…
Despite the anticipations and speculations surrounding the UK General Election, its impact on the UK and Lincoln property market has been negligible. Market trends, buyer interest, and property values have remained steady, showing no significant fluctuations attributable to the political climate. This stability suggests that factors such as economic fundamentals,…
If you’ve been thinking about moving house for some time, you’ll likely have encountered the advice to declutter and depersonalise your home before putting it on the market. This age-old recommendation has told us to paint our homes white (or magnolia, as was the colour of choice) to present a…
The UK property market has seen significant shifts in recent years, particularly during the pandemic. One of those changes discussed by the Press are the number of properties for sale where the home seller is suffering from ‘buyers regret’. In estate and letting agency online forums, the ‘feeling’ is that…
The UK property market has demonstrated remarkable resilience despite facing significant challenges over the past 18 months. Many analysts in the autumn of 2022 predicted a severe downturn in house prices, driven by economic uncertainty, a cost-of-living crisis, and rising mortgage rates. Yet, contrary to these grim forecasts, UK (and…
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…