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Monthly Archives: July 2024

Preston Property Blog – Preston & UK Property Market Overview for Q2 2024

As a local estate agent, we 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 data reveals that the British and Preston […]

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The average five-year fixed rate mortgage in the UK since 2000

The graphic illustrates the average five-year fixed rate mortgage in the UK since 2000, highlighting significant fluctuations over the past two decades. Following the credit crunch, mortgage rates experienced a considerable decline, reaching historic lows in the subsequent years. However, recent economic conditions and inflationary pressures have caused a sharp rise in these rates. Despite […]

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Why Are So Many Homeowners Selling So Soon After Buying?

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 there are a lot of […]

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What does Wimbledon and a good Estate Agent have in common?

The All England Lawn Tennis Championships are now well underway at Wimbledon. Tennis reminds us of a very important aspect of estate agency work. The rallies which can go on for ages depending on how good the players are have a hint of negotiation about them. The back and forth nature of the ball whizzing […]

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Labour’s Housing and Property Market Manifesto: What Homeowners & Landlords Should Know…

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 initiatives, especially in a local […]

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Preston Property Blog – Why Hasn’t the Preston Property Market Crashed?

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 Preston) house prices have remained […]

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