Lettings Office; 7 Ballards Lane Finchley Central N3 1UX
e: hello@simonclarke.co.uk
t: 020 8349 9000
Property Management; 7 Ballards Lane Finchley Central N3 1UX
e: management@simonclarke.co.uk
t: 020 8492 2530
We often talk about seasonality in property and this autumn has been true to form. September saw serious movers enter the market after summer and their intent is already reflected in October’s figures. Firstly, we look at asking prices.
We have been charting the progress of the Renters’ Reform Bill since it was announced in 2019 during Theresa May’s tenure as Prime Minister. In late October 2023, a little more progress was made and the Bill had its second reading in the House of Commons.
We’ve always helped a band of buyers who are in search of their next fixer-up property and now new data shows that more home movers are shunning the perfect property in favour of a project.
The features we assume tenants are looking for and what actually ticks their boxes can be two very different things. To establish the most in-demand aspects, Rightmove examined more than 600,000 property listings, looking at what was mentioned in the property description in relation to the homes with the highest number of enquiries.
How do you tell if a General Election is on the cards? You monitor the news for announcements that may please the masses. Property has long been an area the Government tinkers with and ministers are already repositioning their offering to win votes in England and Wales.
We’re barely into autumn and already the interior design experts are predicting which trends will be big news in 2024. Livingetc – the glossy magazine and style bible – has already published its colour predictions for next year and there are some interesting shades in the spotlight.
There’s no doubt that the property market is cooling after the unsustainable pandemic levels. While the interest rate and inflation have served to moderate buyers’ plans, property values are naturally returning to more sensible levels. Equilibrium is being provided by falling mortgage rates.
After questioning more than 2,300 UK-based homeowners, residents and tradespeople, the Rated People Home Improvement Trends Report 2023 found this year’s most popular home improvement job will be painting and decorating. And why not? It is relatively quick and easy to change the aesthetic inside our homes with a tin of Dulux and some new accessories.
Subletting is a recurring subject in the world of rental property. For those who are not familiar with the term,subletting is when the original tenant named on the legal agreement moves out and rents the entire property to someone else. Alternatively, the original tenant stays in the property and rents out a room or multiple rooms. Unless the landlord has agreed to subletting, the act will be a breach of the tenancy agreement and constitutes grounds for eviction.
July is a month when people are away on annual leave or are juggling school holidays, and home moving activity usually reflects this. In the last four weeks, however, Rightmove found buyer demand remains strong. In fact, it’s currently 3% higher than the same time in 2019.
If you love following an interior design trend, your luck is in. Bloomcore is gaining in popularity just as summer reaches its zenith. This botanically-led aesthetic is already trending on social media, with 2.5 million TikTok views, and rising, under the #bloomcore hashtag. Now style bibles Ideal Home and House Beautiful have started reporting on the design movement.
While it was the hottest June since records began, the property market started its summer cool down early. Rightmove cited the new 5% interest rate as a reason for earlier-than-usual changes. Its June headline revealed the first monthly drop in asking prices in 2023.
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