Tag: Chelsea
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ONS Price Index of Private Rents (PIPR) – March 2024
The ONS published their new monthly index, the Price Index of Private Rents (PIPR) for March 2024. Here’s our summary. Overall, renters are facing a significant challenge as private rental prices continue to climb. The provisional estimate has unveiled a 9.0% increase in average UK private rents over the 12 months leading up to February 2024.…
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London Housing Market – Prices Climb in the Capital!
The London housing market has shown a robust increase, with some areas witnessing a 5.6 percent leap in asking prices. This news might leave many Londoners wondering how their borough stacks up in the latest housing price evolution. According to the newest figures from Rightmove’s house price index, the average asking price for a London…
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Dream Homes Up North – Scotland Tops Charts for First-Time Buyers
New data has shown that Scotland is the golden ticket for first-time buyers looking to plant their roots without breaking the bank. According to a study from L&C Mortgages, Scotland is the promised land for first-time buyers seeking affordability and beauty in their future homes. The study, which looks at median earnings against average first-time…
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Preston’s Property Prices Rose in December
As we wrapped up the last month of the year, Preston’s housing market showed a promising increase, contrasting with broader trends across the UK. In December, Preston witnessed a 1.8% climb in house prices, a figure that, while modest, signifies a continuous upward trajectory in the local property market. This increment pushed the average house…
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London’s Property Prices – The Highs and Lows
London’s housing market has seen its fair share of ups and downs over the past year. Yesterday’s report from the ONS has shed light on how the capital’s property prices have fared, revealing a mixed bag of results across different boroughs. On average, house prices in London have taken a dip, declining by nearly 5%…
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Wirral’s Housing Market Defies UK Downturn
Wirral’s house prices climbed by 0.6% in November. This increase might seem modest, but it’s significant in the context of the overall UK property market. The average house in Wirral now costs £216,733, according to the Land Registry. This growth isn’t just a flash in the pan; over the past year, the Wirral’s property market…
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Watford House Prices Take a Tumble
House prices in Watford have seen a drop, outpacing the average decline in the East of England. House prices fell by 1.6 percent, a figure that stands out against the broader trend in the East of England, where the decline was a mere 0.2 percent. This dip in Watford was also sharper than the overall…
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Home Sellers Get Six-Figure Profits
Homeowners in England and Wales typically reaped six-figure gains in 2023, when selling their properties, based on analysis by Hamptons. 2023’s home sellers, who had owned their properties for an average of nearly 9 years, enjoyed an average profit of £102,650 over their purchase price. This figure, though slightly lower than 2022’s £112,930 average, marked…
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The State of London’s High-End Market in 2023
In 2023, London’s residential market for properties valued over £5 million experienced a slowdown. Despite this, sales remained significantly higher than the average seen before the pandemic hit. A comprehensive market analysis by Savills revealed that there were 526 sales of both new builds and second-hand properties in this price bracket during the year. Although…
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Bag a Property Bargain at December Auctions!
As the festive season rolls in, the property market usually quiets down from the second week of December. Most are focused on the holidays, leaving room for keen buyers to snag a bargain. While the open market offers some opportunities, property auctions during this time could be an even more lucrative avenue for those seeking…