Author Archives: Paul Forbes
Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting
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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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting, Selling
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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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting, Selling
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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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting, Selling
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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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting, Selling
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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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting, Selling
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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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting, Selling
Buy-to-Let is Dead – Long Live the Buy-to-Let Landlord…
- 22
- Dec
- 2024
- by Paul Forbes
- No Comments.
Future legislation and the recent Budget have stirred considerable anxiety among landlords. The Chancellor’s decision to increase the additional Stamp Duty Land Tax (SDLT) from 3% to 5% for landlords purchasing additional properties initially suggested a grim outlook for the buy-to-let sector. This move, coupled with the introduction of the Renters’ Rights Act, which proposes […]
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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting, Selling
Homebuyers Make Beating Stamp Duty Deadline a Priority This Christmas
- 19
- Dec
- 2024
- by Paul Forbes
Research indicates that most homebuyers are actively searching for properties through the Christmas period to beat the Stamp Duty relief deadline, expiring on April 1, 2025. A survey revealed 93% aim to complete their purchases by March 31, with 82% planning to continue house hunting through the holidays. Buyers are showing strong determination, from viewing […]
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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting, Selling
ALL I WANT FOR CHRISTMAS IS…
- 15
- Dec
- 2024
- by Paul Forbes
We’re a musical bunch at Forbes Estates, or some of us like to think we are. This means we love a bit of carol singing and festive songs on loop in our office. Have you got your Christmas list ready? I don’t ask Santa for much, in fact, All I Want for Christmas is (A […]
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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property Blog, Preston Property News, Property News, Renting, Selling
The Real Meaning of Christmas…
- 15
- Dec
- 2024
- by Paul Forbes
As the season of giving is just a few days away we thought to share with you lovely people some of the most expensive Christmassy things ever. The Emirates Palace Hotel in Abu Dhabi, has an enormous 13 metre, diamond-encrusted Christmas Tree which cost £7m. Mind you they probably aren’t too bothered about the electricity […]
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