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Category Archives: Investors

Preston & Chorley Property Market – The 44% ‘New Build Premium’

A landlord recently asked me why the brand new property she was considering was noticeably more expensive than a similar second-hand home in the same location. It’s a common question, and many homeowners and landlords have likely pondered it. So, I decided to dig into the data to uncover the truth behind the ‘new build […]

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Landlords – Why Are So Many Pensioners Renting?

It might surprise you to learn that between 1 in 16 and 1 in 10 pensioners across the UK now privately rent their home from a buy-to-let landlord. That’s right – not from the council or a housing association, but from the private rental sector. This isn’t just a London or city-based trend either. Scotland […]

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What Are Bungalows Worth Across the UK?

Bungalows remain one of the most sought-after property types in the UK, particularly among homeowners looking to downsize, retirees wanting single-level living, and families seeking homes with bigger plots. With so many people moving to be closer to family—whether that’s relocating for care, support, or just to be near grandchildren—it’s crucial to understand how bungalow […]

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Preston and Chorley Property Blog – Why Does It Take 115 Days to Move Into a Local Home?

Buying or selling a home is often one of the most significant transactions people make, yet the process in England and Wales remains frustratingly slow. You find the home of your dreams, you make an offer, it is negotiated, and a price is agreed. Yet once a sale is agreed, it takes an average of […]

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Preston Property Market Blog: Why 2025 is Set to Be a Strong Year

The UK housing market has always been subject to government policy announcements, outside forces of economics, and consumer confidence fluctuations. After a turbulent 2024, there is evidence that 2025 will provide more stability and growth—particularly in areas such as Preston, where affordability, high demand, and improved financial situations are coming together to create a helpful […]

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Preston Property Blog – Powered by Forbes – How Long Does It Take to Sell a Home?

If you’re a homeowner thinking of selling your property, you have probably wondered how long it will take to find a buyer. The timeline for selling a home varies depending on factors such as property type, price, and market conditions. Fortunately, we’ve compiled the latest statistics for 651 local homes that have sold stc in […]

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Chorley Property Blog, Powered by Forbes – Only 42.6% of Chorley Households are Eco-friendly

Improving the energy efficiency of Britain’s 27.2 million homes, which are responsible for more than a quarter of the country’s CO2 and other greenhouse gas emissions, is seen as key to tackling the issues of climate change, fuel poverty and our country’s energy security. This is particularly important as in June the Government announced they […]

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ATTENTION FIRST-TIME BUYERS

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?

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

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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