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…
The autumn of 2022 saw economic and political instability with the resignation of Boris Johnson as Prime Minister and the ill-fated Liz Truss 44-day premiership. Now as we go into 2023, the economic and political turmoil has subdued, offering a greater feeling of stability in money markets. So, on the…
The number of properties available to rent in Lincoln has dropped from 1,454 to 1,175 since February 2020 (excluding student let accommodation). The average rent a tenant has had to pay in Lincoln has risen from £638 to £807 since February 2020. Many Lincoln landlords have cashed in on the…
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 Lincoln’s property market shifts and grows, sellers who’ve been on the market a while often face a tricky question: when to tweak the asking price—and by how much—to spark new interest. With the number of homes for sale in Lincoln’s LN1 to LN6 postcodes jumping from 1,595 in March…
Understanding what is really going on in the Lincoln property market is key to cutting through the noise and seeing the true picture–both locally and nationally. Despite the near constant doom and gloom headlines predicting a housing crash since September 2022, the statistics tell a very different story. The British…
In today’s Lincoln property market, the Bank of Mum and Dad remains a powerful force — and it’s only grown more influential. For many first-time buyers in Lincoln, parental help is not just a boost, it’s often the key to the front door. But is this a sign of generosity?…