Last week, the Bank of England’s interest rate dropped 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 policymakers supported the move to 4.5%, a minority favoured a…
If you’re a homeowner in Lincoln 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 403…
The issue of new housebuilding in the UK stirs strong emotions. Many believe their local areas are turning into construction zones, with too many homes being built, disrupting the character of towns and villages. But is this perception grounded in reality? The Labour government, which came into power in the…
As an experienced estate agent based in Lincoln, I like to monitor the UK and Lincoln property market trends. Therefore, I will start by analysing the 2024 property market (both nationally and locally) and then give my predictions for 2025. In 2024, the UK property market recorded 1,230,136 homes sold…
Selling a home can be exciting and challenging, particularly when setting the right price. Many sellers make common mistakes that can undermine their success. From overpricing their property to ignoring market trends and not staging correctly, these errors can result in more extended listings and reduced profits. This piece covers…
When selling your home, setting the right price is key to attracting buyers and completing a sale. Comparative Market Analysis (CMA) provides a strategic method for pricing by assessing similar properties in your neighbourhood. This guide covers the essential steps for conducting a CMA, from collecting data on comparable homes…
Smaller household sizes are one of the reasons the Lincoln (and the UK) property market and house prices will continue to hold up well in the medium to long term. British households for the last 100 years have been getting smaller, and this trend will drive demand for property and…
The number of agreed UK property sales until Saturday, 22nd November 2024, is 18% higher than a year ago. Breaking those stats down even further, as of 22nd November 2024, 1,009,340 UK homes had been sold subject to contract (STC), an 18% increase from the 855,083 homes sold STC in…
Planning an open house can be challenging, but selecting the right day and time is critical to attracting more attendees and ensuring success. This article examines the best days and times for hosting your event, supported by data and expert advice. It will also cover essential factors to consider, creative…
Are you a Lincoln homeowner or landlord? Are you thinking of selling your home or property in early 2025? Then, in this article, let me show you how long it will take, on average, to find a buyer for your Lincoln home and how long solicitors will take to get…
Hello, and welcome to another Lincoln Property Blog, brought to you by Ben from Walters of Lincolnshire, following on from our earlier Social Media post on the average size of a bungalow and how it varies significantly across the UK, this week we look at The Great Lincoln Bungalow: Why…
As we are now half way through 2025, it’s certain the Lincoln housing market has been more restrained than the post pandemic 24 months of summer 2020 through to July/August of 2022, and I believe that the ‘steady as she goes’ outlook will continue into the rest of 2025 and…
In early 2023, most property forecasters anticipated a significant downturn in the UK housing market over the following two years. Halifax predicted an 8% drop in house prices, Savills went further at 10%, and Nomura Bank predicted a fall of up to 15%. While these gloomy forecasts grabbed headlines, the…