Tag: Rightmove
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House Prices Defied Predictions – The Unexpected Stability of 2023’s Housing Market
There were widespread predictions of doom and gloom for the housing market in 2023, but the actual outcome left many experts scratching their heads. Despite rising interest rates reaching heights not witnessed since the financial turmoil of 2008, the UK’s housing market demonstrated remarkable resilience. This tale of unexpected stability serves as a stark reminder…
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Rocketing Rental Arrears A Ticking Time Bomb for Landlords
A staggering 50% increase in rental arrears claims has been reported in the year leading up to December. This statistic, released by Reposit, shines a harsh light on the growing financial pressures facing tenants across the nation. As wallets thin and belts tighten, the fallout from this economic squeeze isn’t just felt by those renting…
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Green Tech, Your Ticket to a More Valuable Home?
The decision to install environmentally friendly technology in your home is becoming not just a personal virtue but a smart financial move. Recent studies have revealed that incorporating green technology such as solar panels, triple-glazed windows, and roof insulation can significantly boost your property’s value—by up to 15%, to be exact. This comes at a…
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Rent Rises – Will They Continue?
Over on the PropertyWire website, Alison Thompson, a leading expert in national lettings from the Leaders Romans Group, sheds light on the trends and predictions that could shape the future of renting in the UK. For decades, rent increases in the UK moved predictably alongside wage growth, usually keeping pace with inflation at a steady…
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Sell Your Home Without An Estate Agent
Moving home is not just a logistical and emotional challenge; it’s also a financial one. Among the myriad expenses homeowners face, estate agent fees stand out as particularly steep, often surpassing 3% of your home’s sale price. In the UK, where the average house price can result in fees around £8,550, that’s no small change.…
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6 London Areas Where House Prices Rose Last Year
Last year, London felt the brunt of the UK’s economic shifts more than any other region. A staggering 27 of its 33 local authority areas saw house prices fall, a stark contrast to the overall UK trend. On average, London homes lost 5.2% of their value, a decline that translated to nearly £27,674 off the…
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UK Housing Market Bounces Back to Life
Average asking prices have surged for the second consecutive month, signaling a robust comeback for buyers eager to dip their toes back into the real estate waters. According to the latest data from Rightmove, property prices are marching forward, with average asking prices jumping by 0.9% this month to £362,839. This isn’t a standalone event;…
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UK Housing Market Springs to Life in 2024 with Soaring Listings and Demand
The UK housing market has kicked off 2024 with a bang, showcasing significant growth in both property listings and buyer interest, according to the latest data from Rightmove. In just the first month of the new year, the number of new properties listed for sale surged by 13% compared to the same period last year,…
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UK Homeowners Rush to Sell as Property Market Springs to Life
UK estate agents are witnessing a significant surge in homeowners looking to sell their properties. This January, the number of property valuation requests reached an all-time high, signaling a potentially vibrant spring selling season ahead. A Record-Breaking Start The housing market in 2024 has kicked off with an unprecedented level of homeowner activity. According to…
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Master the Art of Property Haggling
Buying a home is no small feat, especially in the UK where the mere thought of haggling can send many of us into a state of unease. But, when it comes to purchasing your most valuable asset, securing the best deal is paramount. Do Your Due Diligence The foundation of any successful negotiation starts with…