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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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1 in 63 homes sitting empty within the Banbury area

1 in 63 homes are sitting empty in the Banbury area   1,078 homes in the Cherwell area are empty, which represents 1 in 63 homes.   503 of those have been empty for more than six months and are worth £174million.   Why are those properties standing empty and deteriorating and why could that…

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Why Are There So Few Banbury Homes For Sale?

39% drop in the number of properties for sale in Banbury in the last 12 months. 249 Banbury homes have sold (stc) in the last three months alone, taking the time from the ‘for sale board’ going up to sale agreed to a median of 32 days. The £400k to £500k price range in Banbury…

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914 Banbury Landlords Could Be Hit With £14k Bills and Red Tape in Tory ‘Levelling Up’ Plans

Some Banbury landlords face bills of between £11,000 to £14,000 as Michael Gove, the Housing Minister, declared an attack on poor quality private rental homes. 914 Banbury rental properties will require upgrading. The Government announced in their ‘Levelling Up’ White Paper last week, they plan to introduce a new minimum standard for private rental properties. Also,…

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