Tag: Somerset
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Somerset House Prices Hit Record High
The latest figures from the UK House Price Index show that the average Somerset property is now worth £293,721. That’s a jump of 1.5% since July and a considerable 2.8% increase compared to this time last year. This surge in house prices is fantastic news if you’re thinking of selling your home in Somerset. However,…
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Southern Rental Demand Grows Faster than North
New data reveals that landlords in the south of England are seeing soaring demand from renters. According to the latest figures from property experts Zero Deposit, more than a third of all rental properties in England found tenants in the third quarter of this year. This represents a 1.7% jump in just three months and…
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Mortgage Rate Cuts Spark Housing Market in Somerset
Estate agents in Somerset are reporting a rise in activity in the housing market, with buyers and sellers rushing back in response to recent interest rate cuts. One agent in Frome even described their busiest day in three years! This follows a challenging period for the housing market, with high prices and soaring mortgage rates…
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Rental Demand is On the Rise
Good news for landlords – the latest figures show that the demand for rental properties is starting to pick up! Rental demand is on the rise, especially in the south The number of tenants looking for homes has increased by 1.5% since the start of the year, according to research by Zero Deposit. This means…
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Airbnb Warning – Tax Changes & Empty Properties Could Leave Landlords Out of Pocket
Landlords, especially those running Airbnb and other short-let properties, are facing a double whammy: new tax rules and falling occupancy rates could leave them with less money in their pockets. Tax Trouble on the Horizon The government has axed tax breaks for Furnished Holiday Lettings (FHL) properties, meaning landlords will have to pay more tax…
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UK Housing Hotspots – Glasgow, Edinburgh, and Leeds Lead the Way
Certain cities have emerged as the leading lights for UK property sales recently, with Glasgow, Edinburgh, and Leeds topping the list. According to a recent analysis by Lomond, based on government data, these cities have shown the most robust performance in the property market over the past six months. Glasgow Glasgow, Scotland’s largest city, has…
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House Selling Times See Dramatic Shifts in Some Areas
Recent data indicates that the time required to sell a house nationwide has marginally decreased. Over the past year, the average duration from listing a property to completing its sale has nudged down from 241 days to 240 days—a minor reduction of 0.7%. This figure, at a glance, suggests stability in the national market. However,…
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Chard Leads the Charge in UK Property Hotspots
Chard, the quaint Somerset town, has emerged as the nation’s leading property sales hotspot. This bustling market town, with its picturesque setting in South Somerset, close to the borders with Devon and Dorset, has seen property transactions skyrocket by an astonishing 123% compared to last year. This surge has propelled Chard to the top of…
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House Hunting Heaven – More Homes on the Market Now
If you’ve been dreaming of moving or buying your first home, but felt disheartened by the scarcity of options, your moment might just have arrived. The latest figures reveal a significant increase in the number of homes listed for sale, offering a glimmer of hope and more choices for potential buyers. In an uplifting development…
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England’s Property Market Sprang Back in Late 2023
As 2023 drew to a close, the property market in England witnessed a remarkable upswing. In the final quarter of the year, the number of homes listed online and marked as ‘sold subject to contract’ (SSTC) leaped by 7%. That’s a staggering 277,115 homes changing hands, or in simpler terms, about 18,000 more eager homeowners…