Tag Archives: lincoln

The Lincoln housing market is relativity buoyant, thanks to an unexpected group of people – Lincoln first-time buyers. Many Lincoln tenants are annoyed with competing for Lincoln rental properties at high rents. Therefore, over the last 12 months, many renters have been stretching their finances to get on the Lincoln housing ladder, despite sky-high mortgage rates. Using data from the Office of…

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The autumn of 2022 saw economic and political instability with the resignation of Boris Johnson as Prime Minister and the ill-fated Liz Truss 44-day premiership. Now as we go into 2023, the economic and political turmoil has subdued, offering a greater feeling of stability in money markets. So, on the back of that, what is the expectation for the British…

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Some of you reading this will be old enough to remember the 1970s – the bell-bottom trousers, the huge collars, frayed jeans, disco glitter balls, maxi dresses, midi skirts but above everything else – HYPER-INFLATION. With inflation currently standing at 11.1%, many of us envy the last few years when we have been lucky to experience sub 2% inflation. But…

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Lincoln OAP retirees have to make tough choices with the onset of the cost-of-living crisis. Growing inflation, unpredictable financial markets and the high cost of living mean many former retired Lincoln people are returning to work in what has been dubbed the ‘great unretirement’. Some are even bringing forward their downsizing house move. Looking at the changing job market, July…

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The cost-of-living predicament is threatening the budgets of many Lincoln households. Inflation is running at 7.8%, yet the best savings rates in the market are only 2.75% (because of low Bank of England interest rates). This means that the value of people’s savings is falling fast. To add insult to injury, the possibility of a recession on the horizon could add another…

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There are 406 properties for sale today in Lincoln; roll the clock back exactly a year, and the figure was 686 – there’s been a drop of 41%. This drop is being dubbed ‘for sale board crunch’. The ‘for sale board crunch’ has left many prospective Lincoln home buyers stressing to find the right Lincoln property as the number of…

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In recent articles on the Lincoln property market, I have been talking a lot about house prices over the last 12 months and 5 years in Lincoln.   When it comes to newspapers talking about the property market, the headline most people look at is what is happening to house prices. However, as 2 in 3 (65.1%) of Lincoln home…

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How far would you go to help your child get on in the world? Many Lincoln parents move area to ensure their child gets into the best primary school, or to fund their university costs. Many of you reading this have even helped your children with the deposit for their first home from savings. However, I have come across many…

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With grocery, energy and other household prices/costs rising and hitting everyone’s back pocket, inflation (rising prices) may feel like an unimportant issue when it comes to the cost of keeping a roof over your head. Yet nothing could be further from the truth for many Lincoln homeowners and Lincoln landlords. Because inflation over the long-term is bad for the economy,…

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The stamp duty tax holiday is over, furlough finished at the end of September, unemployment is due to rise, and inflation is rife … is this the end of the post lockdown Lincoln property boom? Surely, we are heading for house price correction? Forecasting what will happen in the Lincoln property market this Autumn may not be as simple as…

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The property market continues to ride the wave as we head into autumn. Buyer demand per property is more than double pre-pandemic levels (Rightmove). Rightmove report a 14% increase in new listings at the start of September*, but the number of available properties for sale remains low and competition for properties remains strong. 37% of properties sold for above their…

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Lincoln landlords are becoming progressively more self-assured about expanding their rental portfolios; as Lincoln rents rise, mortgage interest rates fall and demand for decent Lincoln rental properties outstrips supply. Several reports nationally would suggest around a third of UK ‘portfolio’ landlords (i.e. landlords with more than one rental property) are actively looking to expand their rental portfolios in the next…

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Should you sell or should you buy in this most interesting Lincoln property market? I have calculated that at least 220 Lincoln house sellers have rented a home to break their house chain in the last 12 months, although at a cost as they face paying many thousands of pounds in rent.  There are several reasons behind this. One is…

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Rogues or Saviours? There is no getting away from the fact that the rise in the number of buy-to-let properties in Lincoln has been nothing short of astonishing over the last twenty years. As a result, many in the press have said Britain is a broken nation, with many twenty and thirty-somethings unable to buy their first home. The press…

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Lincoln families house moves on hold An immediate fallout of the Coronavirus pandemic is that it has placed many Lincoln families’ house moves on hold. Government guidelines state all home buyers and home sellers who are in the process of selling their Lincoln home and moving to a new home must adapt to these temporary arrangements, adjusting their usual practices,…

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