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Category Archives: Local News

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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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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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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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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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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Preston Property Blog – Why Hasn’t the Preston Property Market Crashed?

The UK property market has demonstrated remarkable resilience despite facing significant challenges over the past 18 months. Many analysts in the autumn of 2022 predicted a severe downturn in house prices, driven by economic uncertainty, a cost-of-living crisis, and rising mortgage rates. Yet, contrary to these grim forecasts, UK (and Preston) house prices have remained […]

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Preston Property Blog – Making Sense of the Preston Property Market’s £207 per Square Foot Value

Preston, a vibrant city with a diverse property market, offers countless opportunities for homeowners seeking their next home. However, navigating this landscape requires a strategic approach to avoid common pitfalls. If you’re a current homeowner weighing up your options for a potential move, this guide will shed light on some key factors to consider. The […]

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Preston & Chorley Property Blog – Miss the 7th of June 2024 Deadline and You Might Miss Christmas in Your New Home.

Attention Homeowners: Miss the 7th of June 2024 Deadline and You Might Miss Christmas in Your New Home. As May comes into view, with the anticipation of the warm summer months ahead of us, with sun-drenched hot beaches and cold ice cream, the thoughts and contemplations of Christmas seem a million miles away. Yet many […]

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Do bedrooms effect the saleability of your home?

As a trusted local estate agent, analysing the trends and patterns of the property market is crucial for providing valuable insights to homeowners, home buyers, and landlords. The recent data presented in the graphic illustrates a fascinating trend: the number of bedrooms in a home significantly impacts its saleability. From the data, we see that […]

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WHICH MONTH TOPS THE CHARTS FOR UK PROPERTY SALES?

As we move through April, it’s the perfect opportunity for those considering entering the property market to appreciate an important insight. Our comprehensive analysis of 5,654,563 home sales since April 2019 shows that while there are peak months, the difference in the number of properties sold each month—excluding January and December—is relatively marginal (no more […]

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