When browsing property portals (Rightmove, Zoopla or On The Market), many people wonder why some SE16 homes linger on the market far longer than others. It’s easy to assume there’s something wrong – an issue with the property, an inflated asking price, or a lack of interest – but that’s not always the case. Sometimes,… Continue reading How Long Does a Property Spend on the Market in SE16?
Category: Home owners
SE16’s Ageing Population Turning to Rentals: What it Means for Landlords.
Recent figures from the Office for National Statistics reveal that across the UK, 486,795 households are occupied by individuals aged 65 (and over) who live in a private rental sector home. This represents 6.71% of all OAP’s that are now renting privately. Ten years ago, only 267,704 households were occupied by individuals aged 65 (and… Continue reading SE16’s Ageing Population Turning to Rentals: What it Means for Landlords.
The Hard Truth About SE16’s Young:
Where Do They Live and What Does the Future Hold? It’s no secret that the younger generation in SE16 is finding it tough to get onto the property ladder. With the rising cost of living, stagnating wages, and stricter mortgage criteria, it’s no surprise that fewer under-34s are becoming homeowners. But just how grim is… Continue reading The Hard Truth About SE16’s Young:
Labour’s Housing and Property Market Manifesto: What SE16 Homeowners & Landlords Should Know
Now we know Labour will be taking the reins of government and ushering in a new era of policies and promises, particularly in housing and property markets. Their manifesto outlines ambitious plans to address the chronic issues of housing affordability, renters’ rights, and homelessness. However, the practical implementation of these initiatives, especially in a local… Continue reading Labour’s Housing and Property Market Manifesto: What SE16 Homeowners & Landlords Should Know
Why Are So Many SE16 Homeowners Selling So Soon After Buying?
The UK property market has seen significant shifts in recent years, particularly during the pandemic. One of those changes discussed by the Press are the number of properties for sale where the home seller is suffering from ‘buyers regret’. In estate and letting agency online forums, the ‘feeling’ is that there are a lot of… Continue reading Why Are So Many SE16 Homeowners Selling So Soon After Buying?
Understanding the Property Market: £/sq.ft Trends in the UK, Inner London and SE16
The property market in the UK is a complex and multifaceted entity, characterised by a myriad of factors that influence property prices and values. One of the critical metrics often underutilised to gauge the value of property is the price per square foot (£/sq.ft). This figure provides a standardised measure, enabling comparisons across different regions… Continue reading Understanding the Property Market: £/sq.ft Trends in the UK, Inner London and SE16
SE16’s Restless Homeowners:
The 6 Year 26 Week Itch in the SE16 Housing Market There are 28.4m households in Britain, of which 17,693,200 are owned, worth a total of £5,127,807,837,600 (£5.1 trillion). When you add all the private rented homes and council houses, that figure reaches just over £8.5 trillion! Over the last six years, 76,669 UK properties… Continue reading SE16’s Restless Homeowners:
To Sell or Not to Sell Your SE16 Home in 2024?
As a seasoned estate agent serving the SE16 community, I’ve always prided myself on offering transparent, informed advice to local homeowners. Today, I’d like to provide a balanced perspective on the current housing market trends and what they could mean for those contemplating selling their SE16 homes. The housing market is an ever-evolving landscape, and… Continue reading To Sell or Not to Sell Your SE16 Home in 2024?
Mortgage War Will Save SE16 Homeowners £5,754 a Year.
In a recent financial turn, SE16 residents are experiencing a wave of relief as mortgage rates across the UK take a surprising dip. This reduction, led by major lenders, signals a potential opportunity for the SE16 housing market, directly affecting homeowners, landlords and first-time buyers in the area. Let’s delve into what this means for… Continue reading Mortgage War Will Save SE16 Homeowners £5,754 a Year.
The SE16 Property Blog 