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Estate & Letting Agents, Leicester
- Jan 31st 2023
First-Time Buyer Numbers Hit Second Highest Level in 14 Years!
In 2022, over half of all homes purchased with a mortgage were bought by first-time buyers. The number of first-time buyers was the second highest in the past 14 years, reaching an estimated 370,000 people. In 2021, the pandemic and stamp duty holiday ... more
- Jan 19th 2023
New Year, New Start, with property prices seeing a bigger than usual upward bounce!
After two months of consecutive falls on property prices, the average new asking price has risen again by 0.9% (+£3,301) for the month of January 2023! This is the biggest increase seen at this time since 2020. The average asking price is still ... more
- Jan 3rd 2023
How Can A Slower Housing Market Benefit First-Time Buyers?
With a slower housing market, this may help first-time buyers to take the opportunity to jump onto the property ladder. With the surge in property prices since the pandemic at a temporary slowdown, it’s causing the property market to balance out ... more
- Dec 23rd 2022
How will the rental market shape up in 2023?
Will rents keep on rising at the current rate? Will more homes become available for renters next year? Our rental market analysis will guide you to how we see the rental market shaping up next year! Over the last year, rents have risen over 12.1% ... more
- Dec 15th 2022
The Bank of England has raised UK interest rates to their highest level for 14 years !
It increased them to 3.5% from 3%, marking the ninth time in a row it has hiked interest rates. The rise will mean higher mortgage payments for some homeowners and those with loans at a time when many people are struggling with the cost of living. It ... more
- Dec 2nd 2022
Buyers have greater choice in the housing market!
With the housing market starting to stabilise, more homes are coming up for sale, meaning there are more properties available for buyers to choose from. Good news for buyers, as they now have more choice when it comes to finding their ideal home to ... more
- Nov 16th 2022
The Bank of England predicts inflation to fall sharply next year!
The Bank of England predicts that inflation will fall sharply next year and reach below its 2% target in two years’ time, and close to zero in three years, which will lead to lower mortgage rates. But while some economists are warning that ... more
- Nov 8th 2022
How is the Buy-To-Let market shaping up for 2023?
With mortgage rates on the increase and house prices expected to fall by up to 5% in some areas, many landlords are weighing their property investments to see if they should remain in the market. Like the rest of the mortgage market, buy-to-let rates ... more
- Nov 3rd 2022
Bank of England Raises Interest Rates to 3%
The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years. In warned the UK would face a "very challenging" two-year slump with unemployment nearly doubling by 2025. Bank ... more