Tag: boom

Local Housing Market Remains Busy

Advertorial

According to national statistics, the average price for a property in the region is close to £47,500 more expensive than in the summer of 2020, after COVID-19 market lockdown, writes Benwell Daykin.  During the same period, the threshold for a prime market property in the region has risen by £60,000. Except for the Stamp Duty holiday fuelled markets in 2021, the first half of 2022 proved the busiest since 2016, with over 100,000 homes changing hands each month.  This activity pushed revenue from property taxation over the period to more than…

Read More

Housing Slowdown Signs After Record June High

Advertorial

The average UK house price hit a new record high in June but there are “tentative signs of a slowdown”, according to an index writes Nick Aston of Ruddington’s Benwell Daykin Estate & Letting Agents. The Guardian newspaper has reported that the growth of UK house prices slowed this month, an index shows, as the weakening economy, cost of living squeeze, and rising interest rates cooled the market Prices were up by 10.7% in June, slowing from 11.2% in May, Nationwide Building Society said. Prices rose by 0.3% in June, a notable slowdown on…

Read More

Benwell Daykin’s Housing Market Update

Advertorial

The BBC recently reported that the average UK house price hit a fresh record in April but that growth is set to slow this year as inflation and interest rates rise, writes Nick Aston of Ruddington’s Benwell Daykin Estate & Letting Agents. The Halifax said house prices rose 1.1% in April compared with March. While it said prices had grown for 10 months in a row – the longest run since 2016 – it said “the headwinds facing the wider economy cannot be ignored.” Hikes in the cost of living and higher interest rates will squeeze…

Read More

Buy To Let Investments

Advertorial

The Times newspaper had an article recently asking the question:  “Should I Invest in a Buy To Let Property in 2022?” They confidently replied with a resounding YES! …says Benwell Daykin. Two Nottingham postcodes occupied spaces one and two on their highest average yield locations in England, with NG7 giving 11.3% and NG1 giving 11.1% on average. Meanwhile, the same newspaper reports that banks are doing all they can to attract landlords in 2022 by offering low interest rates on buy-to-let mortgages (Mortgage Works, Nationwide’s buy-to-let arm, has a two-year…

Read More

Happy New Year from Team Benwell Daykin

Advertorial

The last twelve months have seen unprecedented times for many of us – and estate agents are no different says Benwell Daykin. This year has seen the property market flourish like never before. A continued increase in house prices and demand far outstripping that of supply are considered to be the main reasons for the continued robust price growth. Average UK house prices defied expectations and continued to climb over the last few months despite the phasing out of the government’s stamp duty holiday at the end of September. Nationwide,…

Read More

House Prices Increase by the Most Since 2007

Advertorial

Mortgage lender Halifax has reported this week that house prices in the UK rose by the most in almost 15 years during September. This came as the stamp-duty holiday came to an end – and the Halifax predicts that prices will continue to climb to new record high levels. Prices rose by 1.7% from August, the biggest monthly increase since February 2007. In annual terms, house price growth also accelerated to 7.4% from 7.2% in August having slowed in each of the previous three months. The housing market in the…

Read More

Big Boom in Bungalows

Advertorial

It seems the demand for bungalows in and around the Ruddington area continues to surge, and, despite a number of new homes’ sites, very few of them accommodate for this. According to the latest figures released by retirement housebuilder, McCarthy Stone, 70% of over 65s would consider moving into a bungalow. However, the build rate of this house type is actually plummeting! It’s thought the increase in demand could be due to a number of factors, but the COVID-19 Pandemic certainly has played its part. As we spent more and…

Read More

January Record for Benwell Daykin

Advertorial

The UK property market enjoyed a mini boom in the second half of 2020. The question on everybody’s lips is: “Why is this, and will it continue in 2021?” The property market in England is fully open in its entirety, meaning that Benwell Daykin is allowed to conduct in-person valuations and house viewings, meaning buyers are able to move home despite the ‘lockdown’ measures currently in place. Since the middle of 2020, the UK property market has been on the rise which has seen transaction numbers rise significantly. Provisional data…

Read More

Why is Ruddington so Popular for Home Buyers Right Now?

Advertorial

Benwell Daykin reported last month that the property market is currently going through somewhat of a boom. Since then, many national news outlets have also reported some of the biggest property price growth seen in over five years. At our estate agency, demand for Ruddington property has always been high. However, we are seeing a huge increase in enquiries for property in the village and the surrounding areas. But why is this? The freeze on stamp duty is certainly playing its part, with more and more families taking the opportunity…

Read More

The Property Market is Booming!

Advertorial

Following unprecedented times, the Nottinghamshire property market currently finds itself in somewhat of a boom says Benwell Daykin. Many predicted we would experience a dip in house prices with fewer sales and purchases following the Coronavirus lockdown. In fact, the opposite has happened! Demand for a new home is currently outstripping supply. Viewing numbers have increased on each available property and with more buyers brings more offers.  High competition means property prices are driven up, as buyers compete with each other to secure their dream home. In July 2020, Rightmove…

Read More