Tag: Preston
-
Landlords – Where are the UK’s Property Rental Hotspots (Outside London)?
St Albans Crowned Most Expensive City to Rent, While Carlisle Offers Bargains New data from property website Rightmove has revealed a significant gap in rental prices across Britain, with St Albans emerging as the priciest city outside of London. Tenants in this Hertfordshire hotspot are now paying an eye-watering average of £2,307 per month –…
-
London Home Sellers Overpricing Houses by Average of 5%
Asking prices in the capital are consistently higher than buyers are willing to pay. Sellers in the capital beware – you are likely overpricing your property. New data from property website Upstix has revealed that homes in London are currently selling for 5% less than their listed price. This means if you are selling a…
-
Peterborough Crowned UK’s Cheapest City for First-Time Buyers
Forget battling it out in the capital, first-time buyers looking for a bargain should set their sights on Peterborough. New research has revealed that this Cambridgeshire city offers the most affordable route onto the property ladder. While Peterborough might not be known for its good looks, it seems that what it lacks in charm, it…
-
House Prices Set to Rise – But Booms Are Over
Good news – house prices are going up! But don’t expect another property price explosion… For years, buying a house felt like watching your money grow on trees. Prices were shooting up! But lately, things have been a bit more, well, normal. After a bit of a dip last year, experts reckon house prices are…
-
Grosvenor Gambles on Flexible Workspaces for a Modern Work Era
Grosvenor, the prestigious property group owned by the Duke of Westminster, is placing a significant wager on the future of work with a strategic shift towards flexible workspaces. This move aims to cater to the evolving needs of West End office tenants who are increasingly leaning towards post-Covid hybrid work models. The plan involves expanding…
-
Discover the Most Wallet-Friendly UK Cities for First-Time Home Buyers
Are you dreaming of owning your first home without breaking the bank? Recent data from Rightmove unveils the top cities where first-time buyers can make their home-owning dreams come true, all while keeping their finances in check. From affordable monthly payments to favorable renting comparisons, here’s everything you need to know about stepping onto the…
-
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…
-
2023 House Price Hotspots Defying the Downturn
The UK housing market in 2023 presents a complex picture, with a general downturn in prices but notable exceptions in certain areas. The past year has seen a significant decrease in average house values, a trend expected to continue into 2024. This dip in prices is primarily due to soaring mortgage costs, impacting both homeowners…
-
Historic Surge in Rent Prices
Rents in Great Britain have surged to unprecedented levels, recording a significant increase of 10% over the past 12 months. This has been largely attributed to a cocktail of supply shortages combined with rising mortgage rates. Let’s break down the numbers: Why Are Rent Prices Skyrocketing? One of the chief culprits behind this sharp incline…
-
The Premium For New Build Properties Rises
New data shows that the amount that people will pay for new-build houses, compared to older houses, is increasing. What does this mean for you, the potential investor? Simply put, a new-build home in the UK, on average, is worth about £425,186 and commands a premium of 52% over an existing property. This premium has…