Zoopla UK Rental Market Report – September 2023

18 months of double-digit rental inflation

Demand for rented homes is slowing off a very high base but rental supply remains low, keeping an upward pressure on rents. Demand for rented homes is 20% lower than a year ago but still 51% above the 5-year average.

The number of homes for rent is 20% higher than a year ago but remains 30% below average for this time of year. This supply/demand mismatch is an established feature of the rental market across all regions and countries of the UK.

CLICK FOR FULL REPORT:  https://advantage.zoopla.co.uk/research-and-insights/zoopla-uk-rental-market-report-september-2023/?member=true


Stickney Chase Open Day


Situated in the village of Stickney, our development offers the perfect balance between tranquility and convenience. Enjoy the charm of a semi rural setting while being just a short drive away from the amenities of Boston. The development features three different styles of contemporary home designed with style and functionality in mind.

Three and Four bedroom houses available with prices starting from £279,000

Come and find the home of your dreams


Site Visit to Glenfields Surfleet

Glenfields Surfleet

The sales team have been down on site today to see how the Emerald Homes development at Coalbeach Lane South is getting on.  The construction is well under way with the first phase taking shape and contractors in full swing. There is a selection of two, three and four bedrooms houses available and all properties come with a choice of kitchens, units and work tops for your personal choice (subject to stage of build.) All homes on the development come with good sized gardens which are fully enclosed with a secure gate access into your rear garden. All of the specification and additional upgrades will be confirmed at full reservation stage.

If you are interested in this development please give us a call and we will make an appointment to show you round.


NEW YEAR – Asking prices are up by 7.9% year-on-year in Lincolnshire

Bigger than usual New Year bounce

While it’s still early days, our latest House Price Index gives some reasons for positivity at the start of 2023.While buyer demand is down by a third versus last year’s buoyant market, it’s up 4% versus this time in 2019. Plus, there’s been a bigger than usual New Year bounce-back in activity, marking a much more encouraging start to the year than many anticipated.

Biggest post-Xmas bounce in enquiries since 2016

At the beginning of 2023, the number of prospective buyers contacting agents is up 4% compared to the same period in 2019, and up by 55% compared with the two weeks before Christmas.

Average asking prices up month-on-month

Although average asking prices are still £8,720 lower than their peak in October, after two months of falls, they have increased by 0.9% (+£3,301) this month. This is the biggest increase at this time of year since 2020.

Surge in home valuation requests

The 5th January saw the number of people sending a request to an estate agent to value their home, at it’s third largest on record. In total the first week of 2023 was the busiest for home valuation requests since August 2022.

Stats provided by www.rightmove.co.uk – see full report here

House Price Index


New Development Released in Stickney.

New Development Released in Stickney.

Ark Property Centre are pleased to announce that they are now working with Lindensium Homes to market their Brand New Development in the village of Stickney, Lincolnshire.  The new development of three and four bed detached homes at Stickney Chase is designed to deliver in both character and quality. Built with modern materials for that all important energy efficiency. The first four properties of this 13 plot development have been released and include the Ludlow, Ancaster and Coningsby design.

Stickney is a village located around 6 miles east of the town of Boston and is known for its picturesque countryside and historic church, St Luke’s Church, which dates back to the 13th century. Stickney is a small village with a population of around 1,500 people, and it has a primary school, a village hall, and a local pub. The surrounding area is mostly agricultural, and the village is known for its arable farming and its market gardens, and is also located approximately 30 minute drive from the nearby coastal towns of Skegness and Ingoldmells which are popular tourist destinations.

For full information regards the development please click the link



Nationwide: House price growth hits a four-year high

House price growth has hit a four-year high as pent-up demand and the Stamp Duty holiday continue to boost the property market, Nationwide claims.

The lender’s latest House Price Index revealed average property values grew by 5% annually in September and 0.9% on a monthly basis to £226,129.

It is the highest level of annual price growth since September 2016.



Good news for market as first time buyer numbers hit 12-year high


First time buyers reached an estimated 353,436 in 2019, the highest level since 2007.

This is the fifth time in six years that the number of people buying their first home with a mortgage exceeded 300,000 according to the Yorkshire Building Society.

The data shows that almost twice as many first-buyers secured a mortgage in 2019 as at the start of the financial crisis in 2008 – when the figure was 191,040 – with those entering the property market now accounting for 51 per cent of all homes purchased with a mortgage in 2019.

In 2008 this share was just 38 per cent.



‘Annual House Price Growth at Six Year Low’ Halifax


The latest figures from Halifax show annual house price growth has dipped to a six-year low. Average property price growth in September dropped to 1.1% – the lowest level recorded since April 2013.On a monthly basis, prices dropped by 0.4%, while quarterly growth was recorded at 0.4%.

Halifax calculates the average UK house price at £232,574 last month. (more…)


New form of planning consent set to boost new home building in England


New form of planning consent could be the key to unlocking thousands of new homes across England, it is suggested.

Under new powers introduced by the Town and Country Planning (Permission in Principle) (Amendment) Order 2017, developers now have the right to benefit from a fast track Permission in Principle (PIP) power, giving them automatic planning consent for small housing schemes across England.

Although legislation for PIP was first introduced in 2016, it only applied to sites that were either designated by a local planning authority (LPA) on a new brownfield land register as suitable for housing, or where a site is allocated for housing in the local plan.

The extension of the powers, which came into force at the beginning of June 2018, now means that small schemes which fall outside these restrictions may now be brought forward.