Rising living costs are driving inflation. As well as significant price rises in staples such as bread and meat over recent months, energy and transportation costs have begun to spiral upwards with more price rises threatened. However, Pantheon Macroeconomics — an independent UK consultancy who supply ‘economic intelligence’ to market professionals around the world —…

Landlords have to take the rough with the smooth It can be tough to be a landlord. Quite often you have difficult tenants, disruptive tenants or tenants that don’t pay their rent. And then there are changes in legislation and regulations to get your head round as well! If you’re lucky, you will have long-term…

Changes in legislation affecting landlords are coming into force in October Landlords of residential properties (including social housing) need to be aware of the amended regulations regarding smoke and carbon monoxide alarms that will become law on the 1st of October 2022. The Smoke and Carbon Monoxide Alarm (Amendment) Regulations 2022 set out the requirement…

If so, you may be particularly interested to hear that house prices in predominantly rural areas have risen by 29% over the last five years compared to 18% in predominantly urban areas; and this gap between rural and urban has become significantly stronger in the last two years. A recent housing market survey by Nationwide…

You are probably aware that mortgage interest rates have been rising recently, and perhaps you’re wondering whether this could have created a dent in the property market. It’s true that first-time buyers are now expected to put down an eye-watering 34% deposit, which is making things extremely difficult for them, but, despite this, the market…

Rents have risen to a record high in the first three months of this year and property website Right Move reports that — for prospective tenants — this is the most competitive rental market it has ever recorded.   There is currently strong demand from prospective tenants in the Banbury/North Cotswolds area. Some are wanting to…

In 1981, 26.1% of properties in Banbury (and the Cherwell District as a whole) were council houses. Today, that figure stands at 2.6%, a proportional drop of 90%.   Why has the number of council houses dropped so much in those 40 years?  How has that changed the dynamics of the Banbury property market in those…

897 properties have sold in the Banbury area in the last 12 months. It only takes 60 days to sell a Banbury home, so why does it take 106 days from the sold board going up to the buyer getting the keys? With a shortage of solicitors and a sub-standard conveyancing system, this article discusses…

The average time to find a buyer for a Banbury property reduced from 85 days in 2020 to 62 days in 2021.  Yet still, just over 1 in 4 Banbury homeowners are on the market after 12 weeks. Why are so many Banbury homes still on the market after all that time, and what does…

How Will Rising Inflation Affect the Banbury Property Market in 2022? The UK is currently experiencing its highest inflation rate since the early 1990s. This increase in prices has primally come about by the combination of an increase in demand for goods and services from consumers following lockdown last year together with global supply chain…