Liverpool Property News

The Bank of England held the Bank Rate at 5.25% in its February 2024 meeting. The Bank Rate has been at this level since August 2023. Given current economic data, it is more likely that interest rates will be cut in the second half of ...

The average new seller asking price rose by 1.3%, the biggest price rise for January since 2020. This is over double the 20-year average of +0.6%.

As mortgage rates fall and the economic outlook brightens, buyer demand is improving, with 42% of agents reporting that ...

Artificial Intelligence left its imprint on the property market landscape in 2023, starting to reshape the way things operate.

48% of estate agents reported using ChatGPT or equivalent in their business (compared to 38% in May), and a further 19% were exploring it in use ...

Cornwall has been ranked as the top hotspot in the UK for second homes, with 9,425 currently located there. Kensington and Chelsea came second with 5,355, and Westminster third with 4,390.

Kensington and Chelsea tops the charts for the highest total value of second homes ...

Resplendent with twinkling lights and cherished ornaments, the Christmas tree is a symbol of warmth, tradition, and the spirit of giving.

The average Christmas tree will grow for 15 years before it's ready for sale. In the same time frame, rents have lit up by ...

In the Autumn Statement, the Chancellor announced support for low-income renters by raising the Local Housing Allowance to cover the lower 30% of rents. This will give 1.6 million households an average of £800 of support.

Cuts to employee National Insurance from 12% to 10% ...

The average deposit paid by a first-time buyer was £43,693. Perhaps unsurprisingly, almost two-thirds (63%) were in the top 40% income bracket.

Just over two thirds (68%) of first-time buyers paid less than a 20% deposit, while a fortunate 5% were mortgage-free.

85% reported funding ...

Although earnings in the south of England are generally higher than in other parts of the country, anyone needing to rent a home, will have to give up a higher proportion of their income just to cover the rent.

‘Rental affordability’ is a good indicator ...

Newly released data from the 2021 census shows that there were significant changes in the make-up of people living in the private rental sector in the last decade.

There was a 17% jump in the proportion of private sector renters working in higher managerial and ...

There were just over one million residential sales across England and Wales in the year to end July. This is -11.4% below the volume a year ago.

Whilst it is lower than the high transaction volumes experienced during the pandemic, it is only 7.8% below ...

Latest data from the English Housing Survey reveals that there are 3.3 million second homes. Of that, the vast majority are rented out (69%).

A small portion are second homes which are due to be rented out or sold shortly (6%) and a very small ...

Monitoring the outlook of various economic indicators gives us a good view on both the current and future direction of the UK’s housing market.

With 14 consecutive interest rate rises, the Bank Base rate reached 5.25% in August. Latest projections are that rates are likely ...

The Ashes are over for another year but with the cricket season still very much in play, we take a nostalgic look at changes in the housing market over previous series.

The last time England won the Ashes was eight years ago in 2015 at ...

The average length for an initial rental contract in Q2 2023 was 12.7 months, up from 10.5 during the same period in 2019. Renters are planning to stay for longer, in part due to low levels of stock and rising rents in the open market....

The start of British Summer Time, coincides with National Picnic week, a picnic being a great way to spend time outdoors with family and friends.

More than 27.6 million homes, the equivalent to 95% are within a 10-minute walk of an accessible public park, garden, ...

The 1st–7th June is National Volunteers' Week across the UK. It is estimated that over half of all those aged 16+ in England and Wales have volunteered at least once in the past 12 months, around one in three volunteering at least once per month....

Analysis of mortgage interest rates in recent times shows that while the base rate of interest has risen, mortgage rates for those seeking to purchase have fallen back from their autumn peak.

Average fixed rate mortgage rates had fallen back to their lowest since the ...

At 55 days, the average time taken to sell a property (from listing to sold subject to contract) is nearly two weeks faster than the last so-called 'normal' market of 2019 (67 days).

Rightmove report the number of sales agreed in March 2023 is just ...

Open-plan living has become a huge trend over recent times for both renovations and new build housing. Fewer walls create additional light and space and more sociable living.

The recent 2021 census data has hinted at the massive impact this trend has had. The number ...

Mid-March marks the start of spring, long acknowledged as the best time to sell your home.

Rightmove report demand levels are currently 6% higher than in 2019, and with the Easter holidays just a few weeks away, now is a great time to get your ...