The new year has started with some bright news from the mortgage lending market. Rates attached to home loans have been steadily falling and in January, some of the most substantial rate cuts were made by leading banks and building societies.
The end of a calendar year gave us a chance to look back at property trends and analyse data to see how the market fared during the last 12 months. December is traditionally a quiet month as people focus on festivities rather than moving home. As such, there was little to report on house prices.
On the outside, selecting a good tenant may feel as simple as accepting the person who makes the highest offer, especially if the most recent news is to be believed. A survey undertaken for the New Economics Foundation found tenants were willing to go to extreme financial lengths to secure a rental property. As a result, landlords have had the luxury of waiting for the ‘highest bidder’ to emerge.
Christmas is nearly upon us and we have almost a full calendar year of Wellingborough property data to look back on. The average asking price of properties for sale in November was £271,826. This is £2,001 (0.7%) lower than November 2022, but £20,807 (8.3%) higher than November 2021.
Although we are almost at the end of 2023, the news keeps coming. November saw the Chancellor deliver his Autumn Statement. Although there were no major changes for home movers, there were some peripheral announcements to note.
If you are looking to redecorate, why not consider Sweet Embrace™? Here are some ideas of how to use the current Dulux Colour of the Year.
The safety of tenants has become of paramount importance in the private rental sector, and rightly so. One of the areas that has been improved immeasurably is electrical safety and now new guidelines have been issued to provide greater consistency when it comes to checks.
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