The End of Leasehold? What the Government’s New Reforms Mean for the 11,560 SE16 Leaseholders The Government has taken a significant step towards abolishing leasehold properties in England and Wales, introducing a white paper that proposes making commonhold the default tenure for flats and apartments. The reforms, which aim to phase out leasehold for the… Continue reading The End of Leasehold?
Category: Sales
SE16 House Sales Up 102.6% as Interest Rates Fall
Last week, the Bank of England’s interest rate dropped to 4.5%, marking its third cut in under a year. This decision follows a previous reduction in November 2024, with the rate remaining unchanged in December. While most of the Bank’s policymakers supported the move to 4.5%, a minority favoured a more aggressive cut to 4.25%,… Continue reading SE16 House Sales Up 102.6% as Interest Rates Fall
How Long Does a Property Spend on the Market in SE16?
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?
Are We Building Too Many Homes in SE16?
The issue of new housebuilding in the UK stirs strong emotions. Many believe their local areas are turning into construction zones, with too many homes being built, disrupting the character of towns and villages. But is this perception grounded in reality? The Labour government, which came into power in the summer of 2024, has set… Continue reading Are We Building Too Many Homes in SE16?
1 in 9.5 Home Sellers in SE16 Lower Their Asking Price Every Month
As the property landscape in SE16 continues to evolve, many homeowners who have been on the market for a while find themselves navigating the complex decision of when and how much to reduce their asking prices to attract buyers. With an increasing number of properties on the market in the SE16 area, rising from 553… Continue reading 1 in 9.5 Home Sellers in SE16 Lower Their Asking Price Every Month
4,725 SE16 Homeowners Fallen Foul of Estate Agents ‘Overvaluing’ in Last 5 Years
If you’ve ever considered selling your SE16 home, you may have felt the temptation to list it at a higher price, hoping for a bigger payday. After all, who wouldn’t want to maximise the return on their largest tax-free investment? However, this approach has a downside that many SE16 homeowners – and even some estate… Continue reading 4,725 SE16 Homeowners Fallen Foul of Estate Agents ‘Overvaluing’ in Last 5 Years
SE16 Property Market
Where are the Cash Buyers? The UK property market has undergone significant shifts since the summer of 2020, driven primarily by the post lockdown race between the summer of 2020 and late 2021, and then a rapid series of interest rate hikes aimed at curbing inflation in 2022 and 2023. These changes have had far-reaching… Continue reading SE16 Property Market
SE16 Property Market Insights: How to Sell Your Home Faster in 2024
The length of time it takes to sell a property is a crucial indicator of the health of the property market. This metric can provide insight into supply and demand dynamics, the efficiency of estate agencies, and overall market confidence. For SE16 homeowners and investors alike, understanding these trends can inform better decision-making. When properties… Continue reading SE16 Property Market Insights: How to Sell Your Home Faster in 2024
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
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