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 —…

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Rental Trends

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…

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Changes in legislation affecting landlords are coming for October

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…

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Do you own a property in a rural area?

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…

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Rental income at record levels!

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…

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90% Drop in Banbury Council Houses in the Last 40 Years

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…

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1 in 4 Banbury Homeowners Unable to Sell

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…

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