Tag: Chestertons
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House Prices Climb as Buyers Shake Off Summer Slump
Good news for sellers as asking prices see biggest jump in years, but experts warn the ‘cost-of-living’ Budget could cool things down. The average price tag on a home has jumped by almost £3,000 this month, according to the latest figures from property website Rightmove. This 0.8% rise, pushing the average asking price to £370,759,…
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London Rental Market Booming Chestertons Reports
The London rental market is absolutely sizzling right now, with landlords set to benefit from a surge in demand from desperate tenants. Tenants are flocking to London According to the agency Chestertons, there’s been a massive 22% jump in tenants making offers on properties in July compared to the previous month. That’s on top of…
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London Renters Battling it Out as Demand Soars
Renters in London are facing a cutthroat market as competition for properties reaches boiling point. According to lettings agency Chestertons, there’s been a massive surge in tenant activity this summer. The number of offers being made on rental properties has skyrocketed by 22% compared to June. And it’s not just offers – even enquiries about…
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London House Prices Dip but Cheaper Mortgages Could Be a Game Changer!
The average asking price for a London property in July was £677,794, a 2.1% drop from June, according to property website Rightmove. That’s a cool £17,285 shaved off the average asking price. While this might seem like a big drop, it’s actually pretty normal for this time of year. Plus, across the whole year, London…
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London House Prices Still Falling – But There’s Good News for These Boroughs!
London house prices are down overall, but some areas are bucking the trend. Is it time to bag a bargain in the capital? London house prices have dropped by 0.3% compared to this time last year, according to the latest figures from property website Zoopla. That means the average London property will now set you…
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London Calling – First-Time Buyers Flock to the Capital Despite Pricey Market
They say London is impossible for first-time buyers, but new figures show a record number are taking the plunge. We reveal the hotspots they’re snapping up and how they’re making it work. It’s no secret that buying a home in London is a pricey endeavour. Yet, despite sky-high interest rates and property prices that seem…
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House Prices Hold Steady Despite Election – Rightmove
Good news for buyers and sellers – the property market is staying strong! The average asking price for a UK home is holding firm at nearly £375,000. That’s according to the latest figures from Rightmove, the UK’s largest property website. Despite the upcoming general election, it seems like people aren’t put off buying and selling.…
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London Rent Rise Grinds to a Halt
While rents in the capital are still up by 3.7% compared to this time last year, that’s a big drop from the whopping 13% increase we saw back then. In fact, over the past three months, rents have actually gone down by 0.3%. Why the sudden change? Well, it seems like soaring mortgage rates aren’t putting everyone…
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Housing Market Defies Higher Mortgage Rates with Continued Growth
Despite the rise in mortgage rates, the UK housing market continues to display remarkable resilience. According to the latest data from HM Revenue & Customs (HMRC), housing transactions have increased for the fourth consecutive month. In April 2024, transactions rose by 5%, reaching 90,430 up from 86,420 in March 2024. Remarkably, this figure is also…
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London House Prices Near Record Highs, Demand Outstrips Supply
The UK housing market is showing signs of vigor as we head deeper into 2024. According to Rightmove, the average asking price for a home across the nation now stands at £372,324, just £570 shy of the record high set in May of the previous year. This marks a significant rise, with the typical price…