Blogs
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Lincoln Tenants' Spiralling Energy Bills are About to Become Lincoln Landlords’ Problem
As gas and electric bills rocket for Lincoln tenants, Lincoln landlords who do not start to make energy efficiency upgrades face lengthy void periods and will have to discount their rents. This is irrespective of the Government’s plans to change the rules on renting properties with low Energy Performance Certificate…
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Why Aren’t Liz and Rishi Courting Lincoln’s Generation Rent?
With the cost-of-living crisis beginning to hit, the 20 and 30-somethings of Lincoln urgently need the help and support of the Government to help them get on the property ladder. For the last few weeks, we have listened to the debates and hustings of Liz and Rishi. Between them, they…
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What’s the Difference Between a Flat and an Apartment in Lincoln?
“An apartment is over £100 grand and a flat under”, said my friend. All joking aside, there is no difference, call it what you will, the humble apartment/flat has served Lincoln well over the years. The average sale price of an apartment in Lincoln in 2021 was £156,280, making it…
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Lincoln’s ‘Generation Stuck’ and Their £2,883m Tied-up Equity
The predicament of the Lincoln 20 to 30 year olds who rent and their inability to get onto the housing ladder is often discussed in the press. There are 4.43m properties in the UK that are still in the private rented sector (compared to 2.13m in 2002). This group of…
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Will the Cost-of-Living Crisis Mark the End of the Booming Lincoln Property Market?
Lincoln property prices have increased by 16.5% over the last two years. Lincoln house prices have risen on the back of several things, including changes in how people see their homes and how they live and work (i.e., working from home), a lack of properties on the market and government…
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Are Lincoln’s Millennials to Inherit £215,888 Each From Their Baby Boomer Parents?
The total value of homes owned by Baby Boomers in Lincoln alone is £2,883,700,998, and two-thirds of the Lincoln Millennials are set to inherit all that in the next few decades! Could this be the answer to the housing crisis? Could Lincoln Millennials live it up for the next few…
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Lincoln Property Prices Have Risen by 394% Since 1995
“Tell me what is happening to the Lincoln property market”, asked the friend of a friend at a recent do I went to in Lincoln (after finding out I was an agent in Lincoln). I always reply, “It depends if you are buying, selling or both”. The Lincoln property market…
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Lincoln Starter Homes are 35.4% Cheaper Today Than in 1989
Even though the average value of a Lincoln first-time buyer property has risen by 292.8% since 1989 to £180,350, the monthly payments Lincoln first-time buyers must make on their mortgages as a proportion of their take-home pay is 35.4% less today compared to 1989. Today, according to the Nationwide Building…
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31.9% of Lincoln Property Sellers Reduce Their Asking Prices as the Property Market Starts to Return to Equilibrium
The last couple of years of the Lincoln property market has seen some amazing prices being achieved with multiple offers and many properties selling for way over the asking price. Yet, as I have been writing about the Lincoln property market over the last few weeks, the tide is beginning…
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The Shifting Lincoln Property Market.
The Lincoln property market is on the verge of a ‘tipping point’. The rate of house price growth has started to ease with a reduction in the number of properties that will sell in Lincoln in the coming 12 to 18 months. Yet, rising interest rates and the cost-of-living issues…
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What Was the Average Lincoln House Price in 1952?
Well, what a weekend that was. Street parties, gatherings in the park, the bunting, egg & cress sandwiches, union jack flags, cheese & pineapple on cocktail sticks, and let’s not forget the trifle, a great Platinum Jubilee Party. And no decent party is worth its salt without a game or…
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The 6 Reasons Lincoln Rental Properties Could Inflation-Proof Your Savings
Inflation (and recessions) can be nerve racking for people and their hard-earned savings and wealth. Yet there are six reasons which make investing in private rental properties a potentially wise investment in these changeable times. This article looks at how investing in Lincoln property could help you ‘hedge’…