If you’ve fallen in love with your dream home you may be tempted to pay over the asking price. But is it ever a good idea? Those new to buying a home may not realise that an asking price is just a guide. An estate agent will advise the seller on an appropriate asking price for their property based on its … [Read more...]
What’s really going on inside Britain’s broken rental market
There are an average 13 renters battling it out for every property available to let — but are landlords profiting or selling up? It feels genuinely hopeless and it’s making me ill,” says Lottie, who privately rents a two-bedroom property in outer London. Like thousands of private tenants right now, her biggest worry … [Read more...]
Why Homes by the Water Defy the House Price Falls
Even as the market slows, houses by the sea, rivers or lakes still command a premium. Are waterside properties actually recession-proof? When James Sanchez and Annabelle Hillard were looking for their first home together, the monthly cost and length of commute were their first concerns. Sanchez, 25, and Hillard, 26, … [Read more...]
Pembrokeshire house prices rise in first quarter of 2023
House prices in Pembrokeshire have risen to £260,081 during the first quarter of 2023. The figures have been released from Principality Building Society’s Wales House Price Index for Q1 2023 (January-March), which demonstrates the rise and fall in house prices in each of the 22 local authorities in … [Read more...]
The Death of the Landlord
Spring is property auction season, when a motley collection of semi-derelict houses, flats with leases in the single figures and the homes of mortgage defaulters get sold off. This year, though, a scan of the catalogues of some of the UK’s leading property auction houses reveals a new class of property under the … [Read more...]
How the Bottom Fell out of the Country House Market – Again
As trophy homes go, the Grade II*-listed Glen Usk is hard to top. Set on the west bank of the River Usk in Wales, it is a white rendered neoclassical fairy-tale of a Georgian country house and its current owners have thoroughly renovated the eight-bedroom home, set in 35 acres. At the tail end of 2021 it went on the … [Read more...]
Saying Goodbye to Their Ancestral Homes Is a Necessary, Yet ‘Terribly Sad’ Affair
Skyrocketing energy prices and the upkeep of such a large properties is forcing some U.K. homeowners to sell estates that have been in their families for generations. Roderick Thomas has vivid childhood memories of days spent rampaging around Boulston Manor, his grandparents’ late-18th-century country home in Wales, … [Read more...]
Where cash buyers are snapping up discount properties
Huge interest rate rises have given cash buyers an even bigger advantage over borrowers. The share of cash buyers in the property market has risen to its highest level in eight years. Almost 40pc of purchases have been completed using cash so far in January, the highest monthly share since December 2014, when … [Read more...]
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