Hello, and welcome to another Lincoln Property Blog, brought to you by Ben from Walters of Lincolnshire, this week we look at how to Avoid the Overpricing Trap. The property market is frequently misunderstood, especially amid dramatic news stories. Hereβs what Lincoln homeowners need to know to avoid costly traps.…
A Lincoln 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 in Lincoln have likely pondered it. So, I decided to dig into the data…
When browsing property portals (Rightmove, Zoopla or On The Market), many people wonder why some Lincoln homes linger on the market far longer than others. Itβs easy to assume thereβs something wrong – an issue with the property, an inflated asking price, or a lack of interest – but thatβs…
In an age of sensational headlines, the UK property marketβparticularly in Lincolnβoften finds itself misinterpreted. While we cannot ignore the challenges of higher mortgage rates and shifting buyer preferences, it is vital to appreciate the broader context to understand what’s happening in the Lincoln property landscape. The UK housing market…
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…
As we are now nicely into 2024, it’s certain the Lincoln housing market over the last 18 months has been a little more restrained than 2020, 2021 and early 2022, and I believe that the βsteady as she goesβ outlook will continue into the rest of 2024 and beyond. As…
There are 28.4m households in Britain, of which 17,693,200 are owned, worth a total of Β£5,127,807,837,600 (Β£5.1 trillion). When you add all the private rented homes and council houses, that figure reaches just over Β£8.5 trillion! Over the last six years, 76,669 UK properties have sold each month, meaning…
As we stand at the threshold of 2024, facing economic uncertainties and a shifting housing landscape, the significance of correct pricing in Lincoln’s property market has never been more pronounced. This comprehensive guide delves into the crucial aspects of property pricing and its profound impact on the property market transaction…
A Lincoln landlord remarked to me the other day that he felt that there were more ‘posher’ up-market properties coming up for rent in the last six months compared to a couple of years ago. I stated that this was the case, and it wasn’t all down to the recent…
According to some newspapers and pundits, the property market boom could soon be over with the increasing interest rates and inflation. In this article, I share the 3 fundamental economic reasons why things are different to the last property market crash. The insiderβs way to find out if there will…
Hello, and welcome to another Lincoln Property Blog, brought to you by Ben from Walters of Lincolnshire, this week we look at how to Avoid the Overpricing Trap. The property market is frequently misunderstood, especially amid dramatic news stories. Hereβs what Lincoln homeowners need to know to avoid costly traps.…
Many Lincoln rental problems do not start with bad landlords or difficult tenants. In Lincoln, as in many cities across the country, they usually start with good intentions and silence. Silence about rent reviews. Silence about maintenance. Silence about what happens when life changes. Let me give you a scenario…
In early 2023, property forecasters predicted a significant UK housing downturn over the next two years, citing rising interest rates following Liz Truss’s departure. Halifax expected an 8% drop, Savills predicted a 10% drop, and Nomura Bank forecast up to a 15% drop. While these gloomy forecasts successfully grabbed headlines…