While it was the hottest June since records began, the property market started its summer cool down early. Rightmove cited the new 5% interest rate as a reason for earlier-than-usual changes. Its June headline revealed the first monthly drop in asking prices in 2023.
Tenants have a duty of care to look after gardens, roof terraces, courtyards and balconies. This covers what grows outside, what is added – or taken away – and what happens in the outside space. Failure to look after the great outdoors could result in deductions from the deposit, so it’s vital to know what is expected of tenants.
Problems with Japanese knotweed are well documented, with this invasive species sometimes preventing buyers from getting a mortgage on an affected property. While home movers are busy keeping an eye out for Japanese knotweed, they may be overlooking a different horticultural threat.
Fed up of conventional flower beds? Looking for something more than a lawn? Why not try a revived garden trend – the stumpery?
According to estate agency Savills, landlords in the UK are experiencing their lowest profits in 16 years due to the rising interest rates, prompting some to consider exiting the buy-to-let sector.
When it comes to getting a property ready for sale, there is a recommended set of presentation steps to follow: declutter, depersonalise and redecorate. On the latter, it’s advised that vendors step back and look at their walls, ceilings and woodwork to see what condition they’re in.
We have already had five full months of 2023 to look at what may be happening in the Wellingborough property market, so these are my findings from the ZooplaPro data.
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