Nottingham – RUDDINGTON.info

The Most Popular Property Type in Nottingham is… ?

9th February 20246th March 2024 Advertorial

Our very own Benwell Daykin estate agents here in Ruddington, have analysed 2024 sold house price data to find the ultimate, most desirable property in Nottingham right now. With the uncertainty surrounding the housing market late last year, confidence is slowly creeping back but many are still asking, what makes my property sell quickly and for the right price? To find out, Benwell Daykin analysed the 209 properties from NG1 to NG16, that came to market in January 2024 and sold (subject to contract) within 30 days. They could therefore…

Benwell Daykin Review of 2023

4th January 20249th February 2024 Featured Content

2023 was a BIG year for property writes Ruddington’s Benwell Daykin Estate Agents. Let’s look at some of the most interesting property related stats from last year, according to property portal Zoopla. One million homes were sold in 2023 Although slightly down on the year before, this is actually not that dissimilar to 2022. This proves that those who want to move are still able to do so. The key takeaway from this is that although a similar number of transactions completed, many buyers did look to down-size their budget due…

Why Hasn’t The UK Housing Market Crashed?

6th December 20234th January 2024 Advertorial

After COVID-19 and following the sharp inflation rate rise, many were expecting house prices to crash. The reality is that house prices did indeed dip, but not by a huge amount. According to Nationwide, prices have dropped just 2% in 2023. What’s more, other reports have suggested that although there is an overall drop for the year, prices are actually on the up since the Autumn. So why haven’t prices dropped significantly? The team at Ruddington’s Benwell Daykin list some of their thoughts… Interest rates have remained stable When the Bank of…

Local House Prices Defy National Averages

1st November 20236th December 2023 Advertorial

Today (1st November 2023) Nationwide have stated that property prices are on the rise once again. Prices had dipped marginally in most areas of the country and many experts predicted there would be a further decline throughout the remainder of the year. Thankfully, this now appears not to be the case reveals Ruddington’s Benwell Daykin Estate Agents. What about Nottingham property? Nottingham has always remained one of the strongest area for housing price growth across the country. This year is no exception. Despite decreases in almost every area of the UK,…

Is it Now Cheaper to Buy or Rent a Property?

1st September 20231st November 2023 Advertorial

This year the UK economy has hit some challenges; energy costs, high inflation, plus much more. With this, house prices have changed and so have mortgage payments writes Ruddington’s Benwell Daykin Estate Agents. The latest figures from Nationwide state that house prices have fallen at their fastest rate in August since 2009. Although this sounds like doom and gloom, the average house price back then was £162,112 compared to today’s price of £286,000. This means that anyone looking to move should still turn a tidy profit. Although this probably isn’t…

Interest Rates and Home Owners

7th August 20231st September 2023 Advertorial

On Thursday 3rd August 2023, the Bank of England raised interest rates by another quarter of a percent writes Ruddington’s Benwell Daykin Estate Agents. This has now taken the base rate to 5.25 per cent and is the 14th consecutive hike. This is also the highest interest rate since March 2008, the year of the financial crisis. So what does this mean for you? Why are interest rate rises happening? By rising interest rates, the Bank of England is hoping to bring down inflation. Inflation is very high right now…

House Prices STILL Rising Despite Economic Outlook

3rd July 20237th August 2023 Advertorial

In an astonishing twist of events, the UK housing market has defied all expectations by experiencing an unforeseen surge in house prices during June 2023 writes Ruddington’s Benwell Daykin Estate Agents. This unexpected upward trajectory has left homeowners, potential buyers, and industry experts astounded. According to Nationwide, the surprise monthly rise of 0.1% reversed a 0.1% fall in May and confounded economist forecasts of a 0.3% fall. It pushed the average cost of a house in the UK up slightly to £262,239. Two-year fixed-rate mortgage rates have continued to climb past 6%…

Ruddington Reflects on City Centre Attacks

16th June 202316th June 2023 Graham Wright

Today police announced they have charged Valdo Calocane, a 31-year-old man of no fixed address, with three counts of murder and three counts of attempted murder following the early morning attacks in Nottingham city centre on Tuesday (13th June 2023). 19-year-old University of Nottingham students Barnaby Webber and Grace O’Malley-Kumar were fatally stabbed in Ilkeston Road just after 4am and, later, 65-year-old school caretaker Ian Coates was found fatally stabbed in Magdala Road. The further three charges of attempted murder relate to three members of the public struck by a van…

Local Property Demand Remains Strong

3rd June 20233rd July 2023 Advertorial

The Nottingham property market is at the halfway stage of the year, writes Ruddington’s Benwell Daykin Estate Agents. Over the past decade, it has witnessed steady growth and resilience. From 2010 until recently, the average property prices in Nottingham rose by approximately 43 per cent, reflecting the City’s increasing popularity and desirability. Despite fluctuations, Nottingham has consistently performed well compared to the national average, thanks to factors like its thriving economy, excellent transport links, and renowned educational institutions. Using the latest housing market data, the property market in Nottingham continues to show…

‘Devolution’ Consultation Deadline Approaching

27th December 202228th December 2022 Graham Wright

Ruddingtonians are being reminded that time is running out to have our say on proposed regulatory changes which could impact many aspects of village life – including housing, transport, education and the environment. On August 30th 2022 the leaders of Nottinghamshire County Council, Nottingham City Council, Derbyshire County Council and Derby City Council all signed up to work on proposals to set up a brand new body called the East Midlands Combined County Authority (EMCCA). It followed an announcement from the Government that a package of new powers and funding, worth…