Author Archives: Paul Forbes

ATTENTION FIRST-TIME BUYERS
- 09
- Feb
- 2025
- by Paul Forbes
- No Comments.
First Time Buyers – There’s a first time for everything, and in this 3-minute easy-read, we share advice on making your property buying debut a successful one. Do you remember when you rode a bike without support for the first time? Or when you learned to swim? And who can forget the moment when the […]
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How will the interest rate cut affect the property market?
- 06
- Feb
- 2025
- by Paul Forbes
- No Comments.
The Bank of England has reduced interest rates to 4.5%, marking its third cut in under a year. This decision follows a previous reduction in November 2024, with the rate remaining unchanged in December. While most of the Bank’s nine policymakers supported the move to 4.5%, a minority favoured a more aggressive cut to 4.25%, […]
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The Forbes UK Property Market Update
- 02
- Feb
- 2025
- by Paul Forbes
- No Comments.
The UK Property Market Update for the week, finishing Sunday, the 18th of January 2025 Listings (New properties coming on to the market) – 33.7k UK listings this week (week 2). 19% higher than wk2 in 2024 YTD. 18% higher YTD than 17/18/19 YTD · % of Resi Sales Stock being reduced (Monthly): 7.8% of Resi sales […]
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Preston Property Blog – Are We Building Too Many Homes?
- 01
- Feb
- 2025
- by Paul Forbes
The issue of new housebuilding in the UK stirs strong emotions. Many believe their local areas are turning into construction zones, with too many homes being built, disrupting the character of towns and villages. But is this perception grounded in reality? The Labour government, which came into power in the summer of 2024, has set […]
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ATT LANDLORDS – Rental Market Squeeze: Why Fewer UK Homes Are Available to Rent
- 01
- Feb
- 2025
- by Paul Forbes
Despite the overall number of rental properties in the UK remaining relatively stable—around 4.87 million in 2024 compared to 4.85 million in 2017—the availability of rental homes on the market has declined sharply in many regions. This isn’t because landlords are exiting en masse, but because fewer properties are being listed as tenants are staying […]
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What are new homes worth around the UK?
- 12
- Jan
- 2025
- by Paul Forbes
The UK property market continues to showcase the significant role new homes play, contributing to nearly one in every five house sales annually. In 2024, the average price paid for a new home across the UK was £505,978, reflecting a strong demand for modern, energy-efficient properties. Below is a breakdown of average new home prices […]
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The 2024 Preston Property Market – An analysis of last year’s property market and what will happen in 2025?
- 12
- Jan
- 2025
- by Paul Forbes
At Forbes, as experienced local estate and letting agents, we like to monitor the UK and Preston property market trends. In this article we will start by analysing the 2024 property market (both nationally and locally) and then give our predictions for 2025. In 2024, the UK property market recorded 1,230,136 homes sold subject to […]
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The Baby Boomer Housing Paradox: Wealth in Property, But Nowhere to Go…
- 12
- Jan
- 2025
- by Paul Forbes
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 retirement age, a new reality […]
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The Ageing Population Turning to Rentals: What it means for Landlords.
- 30
- Dec
- 2024
- by Paul Forbes
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 6.71% of all OAP’s that are now renting privately. Ten years ago, only 267,704 households were occupied by individuals aged 65 (and […]
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FORBES PROPERTY BLOG – 10 Most Popular Questions Home Sellers Ask…
- 28
- Dec
- 2024
- by Paul Forbes
Home buying comes with a number of different questions that you want answering by your Estate Agent. But it isn’t all about buying, sellers also have thoughts running around their head and questions they need answering before putting their home on the market. Whilst the selling and buying of homes are completely unique processes, with […]
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