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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
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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
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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
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The UK property market has demonstrated remarkable resilience despite facing significant challenges over the past 18 months. Many analysts in the autumn of 2022 predicted a severe downturn in house prices, driven by economic uncertainty, a cost-of-living crisis, and rising mortgage rates. Yet, contrary to these grim forecasts, UK (and SE16) house prices have remained
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SE16, a vibrant area with a diverse property market, offers countless opportunities for homeowners seeking their next home. However, navigating this landscape requires a strategic approach to avoid common pitfalls. If you’re a current SE16 homeowner weighing up your options for a potential move, this guide will shed light on some key factors to consider.
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Waiting is even riskier. We all know the feeling. When you think about buying a home, you check the headlines, look at interest rates, and then tell yourself, “Maybe we’ll wait until things calm down.” Waiting feels safe. You stay in control, you avoid risk, and you carry on as you are. However, when it
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The Numbers Every SE16 Homeowner Must See If you’re an SE16 homeowner or landlord thinking about selling in the next couple of years, the question on your mind is simple. How long will it take to find a buyer? New data on the 155 SE16 homes sold in the last 3 months has revealed some
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A step-by-step guide for SE16 homeowners You want more space. The kitchen bleeds into homework time. The spare room became an office, then a dumping ground. The obvious answer used to be to extend. Yet over the last few years, the sums have changed. This is an article for SE16 homeowners who are weighing up
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In the summer of 2020, SE16’s property market, like the rest of the UK, roared back to life after weeks of pandemic lockdown. It was a strange moment in history. The pause in the British housing market had created a bottleneck of pent-up demand, and when the doors reopened, homes that might have taken months
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If you’re a homeowner in SE16 thinking about selling, brace yourself for a bit of uncomfortable truth. There is a growing gap in our area between what SE16 home sellers want and what buyers are actually willing to pay. And the evidence for this is laid out, month after month, in cold, hard numbers. Since the summer of 2020,
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Once mocked as middle-of-the-road suburbia, SE16’s semi-detached homes have quietly become one of the strongest performers in the property market. Looking at SE16 house price data has given the humble semi the last laugh, with an astounding average price increase of 754% over the past three decades. This impressive rise in house prices has made
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It’s no great revelation that young people in SE16 are finding it increasingly difficult to buy a home. Rising living costs, modest wage growth, and stricter mortgage lending rules have all contributed to a noticeable shift in the housing landscape. For many under 34, homeownership feels more like a long-term goal than a near-term reality.
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As we are now half way through 2025, it’s certain the SE16 housing market has been more restrained than the post pandemic 24 months of summer 2020 through to July/August of 2022, and I believe that the ‘steady as she goes’ outlook will continue into the rest of 2025 and beyond. As I always say
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At first glance, that number stands out. More homes. More choice. But that’s only half the story. Although the number of properties for sale locally has increased since 2022, the number of homes selling has decreased. Nationally, regionally and locally in SE16, activity is up, prices are fluid, and buyer behaviour is evolving. This isn’t
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How do you beat those odds? When most people decide to put their SE16 home on the market, they assume one thing. That it will sell. After all, why wouldn’t it? You instruct an estate agent, the board goes up, photos appear on the portals and viewings get booked and offers made. Simples! Except it
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If you are an SE16 homeowner or landlord and considering selling your SE16 property soon, you may have wondered how long it will take to find a buyer and sell. The time it takes to sell a home varies depending on location, property type, price range, bedrooms, and market conditions. For interested SE16 property owners,
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The Hidden Crisis Facing the Area’s 50- and 60-Something Renters You’ve heard of retirement. But what about ‘rentirement’? It’s not a typo. It’s a ticking time bomb. There are 4,356 households in Southwark, aged between their early 50s and mid-60s, renting privately, not owning the Southwark homes they live in. They’re heading towards retirement age
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May 2025 Update Are you considering moving home in SE16 over the next 6 to 12 months? You may be a SE16 landlord deciding whether to grow your portfolio or sell off a few properties. Or you’re a SE16 first-time buyer wondering if 2025 is the right time to move. Understanding whether the current property
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As we move into early summer 2025, SE16’s property market paints a bleak picture—especially for first-time buyers. Headlines scream that getting a foot on the ladder is harder than ever, and for many, that feels painfully true. With the average first-time buyer deposit in 2024 hitting a staggering £61,000, dreams of homeownership are slipping further
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The private rental sector in SE16 has seen a 23.8% increase in average rents since 2016, according to data compiled by TwentyEA and Denton House Research. That headline statistic is bound to catch a lot of attention. For tenants, it may raise concerns. For SE16 landlords, it is a sense of validation after years of
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In today’s SE16 housing market, property market data isn’t just helpful – it’s essential. For SE16 homeowners and landlords looking to buy or sell a home, understanding the latest SE16 property trends, buyer behaviour, or house pricing movements is the difference between making a confident move and flying blind. Data reveals where the market has
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As SE16’s property market shifts and grows, sellers who’ve been on the market a while often face a tricky question: when to tweak the asking price—and by how much—to spark new interest. With the number of homes for sale in SE16 jumping from 492 in March 2022 to 655 by March 2025, the playing field
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Property Market Report Understanding what’s really going on in the SE16 property market is key to cutting through the noise and seeing the true picture—both locally and nationally. Despite the near constant doom and gloom headlines predicting a housing crash since September 2022, the stats tell a very different story. The British property market—and SE16
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In today’s SE16 property market, the Bank of Mum and Dad remains a powerful force — and it’s only grown more influential. For many first-time buyers in SE16, parental help is not just a boost, it’s often the key to the front door. But is this a sign of generosity? Or a symptom of something
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Miss the 16th of May 2024 Deadline and You Might Miss Christmas in Your New Home. As May comes into view, with the anticipation of the warm summer months ahead of us, with sun-drenched hot beaches and cold ice cream, the thoughts and contemplations of Christmas seem a million miles away. Yet many people who
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As we are now nicely into 2024, it’s certain the SE16 housing market over the last 18 months has been a little more restrained than 2020, 2021 and early 2022, and I believe that the ‘steady as she goes’ outlook will continue into the rest of 2024 and beyond. As property ownership is a medium
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Understanding the nuances of property sales is essential for both homeowners and investors in the dynamic SE16 property market. A few weeks ago, I stated that of the SE16 properties that have sold subject to contract (stc) in the three months of Dec, Jan & Feb, it took an average of 98 days to sell. Now time has moved on, looking at the Jan, Feb and March SE16 house
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In the articles on the SE16 property market, we like to provide an insight into the real story of what is happening in our SE16 (and national) property market and address the misconceptions that some of the ‘doom monger’ media have been spreading. Despite almost daily reports of a housing market crash since September 2022,
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Many SE16 people I talk to in their late 30s to late 40s are relying on the inheritance from their Baby boomer generation parents to help them in their home buying and retirement future. It is true there is £2 trillion (£2,040,861,524,790 to be exact give or take a few pennies) tied up in equity
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Whether you are a SE16 landlord looking to liquidate your buy-to-let investment or a SE16 homeowner looking to sell your home, finding a buyer and then getting the legal work done can take a frustratingly long time. It is a step-by-step process that can take many months. One of the worst parts of house selling
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As a practiced estate and letting agent based in SE16, I like to monitor the SE16 property market, compare it to the UK property market, and then share it with SE16 homeowners and landlords. For February 2024, the UK property market has seen a continuation of the solid start in the first month of the
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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
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As an estate agent with a keen eye on local SE16 property trends, it becomes imperative to delve into the nuanced landscape of property types, mainly through the lens of bedroom distribution across various tenures. This analysis enriches the knowledge base of SE16 homeowners and landlords and positions them advantageously in making informed decisions. At
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The Spring Budget 2024 this afternoon has introduced some changes that could significantly influence your SE16 property strategies and investment outcomes. Here’s a comprehensive mini update: Capital Gains Tax Cut: A major highlight is the reduction in the higher rate of property Capital Gains Tax from 28% to 24%. This tax is applicable when you
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Buy-to-Let Market in 2024 The UK’s property market is facing a significant challenge as the availability of homes for rent has plummeted to its lowest level in five years, exacerbating the difficulties tenants face in finding affordable accommodation. This alarming trend was highlighted in a recent analysis, which revealed that in 2023, only 261,542 private
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Yet is it a sellers’ market in SE16? The number of agreed UK property sales until the last Sunday of January (28th) is 8.35% higher than a year ago. Tumbling mortgage costs have encouraged buyers and sellers to return to the property market. There is a more buoyant picture for the UK property market in
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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
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A Robust Start with Implications for SE16 As an experienced estate and letting agent based in SE16, I have been closely monitoring the trends in the UK property market. As of January 11th, 2024, the market has shown a solid start, a trend worth exploring, especially in how it might mirror or differ from the
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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
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The SE16 housing market, like many others, has experienced a notable shift in 2023. The percentage of home sales agreed and moved (completed) compared to those withdrawn from the market unsold has decreased relative to 2022. Looking at independent data for the SE16 area … In 2022, 39.5% of properties that left the books of
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Property investment has long been a staple in British retirement planning. The introduction of the buy-to-let mortgage over a quarter-century ago marked a significant turn, presenting opportunities for dual returns: rental income in the short term and capital growth in the long-term. You can see why there are a substantial number of SE16 landlords who
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The Art of Pricing Properties Right As we stand at the threshold of 2024, facing economic uncertainties and a shifting housing landscape, the significance of correct pricing in SE16’s property market has never been more pronounced. This comprehensive guide delves into the crucial aspects of property pricing and its profound impact on the property market
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Getting your house ready to sell in the new year is a strategic move. Here at Metro Village, we’ve got some valuable tips to assist you in preparing your home and ways to entice potential buyers: 1. Focus on Key Areas: Begin by giving special attention to the critical spaces in your home, especially the
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Which homes are selling the best? Inflation, interest rates, house prices down, house prices up … the newspapers are full of column inches on Brit’s second favourite topic – the property market (the first being the weather obviously!). Those of you that read my articles on the SE16 property market know I like to look
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Less than two weeks ago there was a drop in UK inflation to 4.6% from 6.7% in September and this has several implications for the SE16 property market: Mortgage Rates and Housing Market Sentiment: The drop in inflation is expected to influence the Bank of England’s decisions regarding interest rates. With inflation falling more than
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In the ever-changing landscape of the SE16 property market, predicting future house price trends can be akin to navigating a labyrinth. The past two years have witnessed unprecedented upheaval, primarily due to fluctuating interest rates that significantly impacted household finances, reminiscent of the challenges not faced since 2008. The average rates for fixed-rate mortgages have
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and the importance of realistic pricing (if you want to sell) The UK’s property market landscape has experienced a significant shift over the last couple of years. In October 2021, there were 424,809 properties for sale in the UK. That now stands at 664,780, a rise of 56.5%. Looking at the number of property sales
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The Resilient Growth of SE16’s Private Rented Sector with a Decade of Opportunities Amid Challenges As SE16 strides into the future, the burgeoning private rented sector has continued to house many of its residents. The decade-spanning 2011 to 2021 saw a significant surge in the private rented sector, a testament to the enduring appeal and
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In the realm of British suburban living, the semi-detached house has often been the subject of caricature, a symbol of safe yet uninspiring domesticity, epitomised by hit TV shows and movies like the Dursleys out of Harry Potter, the BBC show Outnumbered, Birds of a Feather and the ever-awkward son of Norwich, Alan Partridge. However,
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It might surprise many that, despite significant inflation over the past few years, buying a house today is still more affordable as a percentage of take-home pay. The average value of a typical SE16 first-time buyer property has surged by 442.3% since 1989 (35 years ago), reaching £469,100 in 2024. So, the title of this
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Roll the clock back to 1979, a year marked by a seismic shift in the UK government with Margaret Thatcher coming to power. This was a momentous time for the country, symbolising a new direction. Fast forward to 2024, and we could be about to experience another significant change with Sir Keir Starmer leading the
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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
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A SE16 Landlord’s Perspective on Recent Trends Over the past few years, the UK rental market has experienced significant fluctuations, with rents increasing dramatically during the Covid-19 pandemic. Between 2020 and 2022, demand far exceeded supply, driving rents to unprecedented levels. In Inner London for example, the average rent has risen from £2,492 per calendar
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