In a fascinating shift within our housing landscape, a significant 32.8% of households in Britain now own their homes outright, devoid of any mortgage, marking a notable rise from 23.6% in 1991. This trend underscores a growing financial stability among homeowners, contrasting sharply with the decrease in households owning homes with a mortgage, now at […]

Discover Local Hidden Gems: Unveil the Abundance of Spacious Homes Awaiting New Memories. Dive into the heart of Preston’s property landscape with our illuminating heat map, showcasing a treasure trove of homes brimming with extra space and potential. Our meticulous analysis, drawn from the latest Census 2021 data, reveals a striking pattern of generously sized […]

Yet is it a sellers’ market in Preston and Chorley? The number of agreed UK property sales until the last Sunday of January (28th) is 8.35% higher than a year ago. Tumbling mortgage costs have encouraged buyers and sellers to return to the property market. There is a more buoyant picture for the UK property […]

A Robust Start with Implications for Preston and Chorley As an experienced local estate and letting agent, we have been closely monitoring the trends in the UK property market. As of January 11th, 2024, the market has shown a solid start, a trend worth exploring, especially in how it might mirror or differ from the […]

A few quick tips about working as a successful estate agent in the local market: Setting realistic pricing, reflective of the current economic conditions and buyer capabilities, is crucial to successful transactions Effective communication and being proactive is also crucial Develop strong listening skills to understand clients’ needs, situation and moving requirements Clearly communicate information […]

When embarking on the substantial investment of buying a home, it’s crucial to ensure that your purchase is sound and worthwhile. This is where house surveys come into play, offering a detailed inspection of the property’s condition before you commit to the purchase. In the UK, the dynamics of who organises and pays for these […]

In a recent financial turn, Preston and Chorley residents are experiencing a wave of relief as mortgage rates across the UK take a surprising dip. This reduction, led by major lenders, signals a potential opportunity for the local housing market, directly affecting homeowners, landlords and first-time buyers. Leading the charge, Halifax announced on the 2nd of […]

Can a wood burner add value to your home?   A wood burner can indeed add significant value to your house, both in terms of its market appeal and its practical benefits. As the demand for sustainable and energy-efficient homes continues to rise, the charm of a wood burner has become more prominent among homebuyers. […]

As we review the performance of the local property market in 2023, it’s evident that despite the challenges, the housing sector in the city has shown remarkable resilience. At the beginning of the year, many commentators in January 2023 suggested house prices would drop like a stone in 2023. The Halifax thought there would be […]