Understanding the average time it takes to sell a property in different regions can help you plan your move more effectively. Here’s a quick overview of the average length of time from putting your home on the market to agreeing a sale (Sold STC) across various UK regions: Scotland: 48 days North East: 64 days […]
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In recent years, the European residential mortgage market has experienced significant fluctuations, reflecting broader economic trends and local housing dynamics. By examining both the total mortgage lending and the average lending per capita from 2019 to 2023, we gain a deeper understanding of the property market’s impact on individual citizens and the overall economy of […]
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Selling your home during the summer can be an exciting yet challenging endeavor. The warm weather and longer days bring more potential buyers out, but with the increased activity comes the need to make your property stand out. If you’re looking to turn that “For Sale” sign into a “SOLD” sign, here are five top […]
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Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property News, Property News, Renting, Selling
Preston Property News – Preston Starter Homes 13.3% Cheaper Today Than 35 Years Ago
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 Preston first-time buyer property has surged by 401.5% since 1989 (35 years ago), reaching £127,100 in 2024. So, the title of this […]
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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 Keir Starmer leading the […]
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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property News, Property News, Selling
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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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property News, Property News, Renting, Selling
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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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property News, Property News, Renting, Selling
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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Buy to let, Buying, Chorley Property News, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property News, Property News, Selling
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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Buy to let, Buying, Forbes Estates, Investors, Landlords, Local News, Moving, Preston Property News, Property News, Renting, Selling
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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