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It seems as though prices are rising everywhere these days, but in the property market, it looks as though asking prices have fallen. This is what Rightmove say, and as the leading property portal in the country, there is a high chance they know the market well.

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The rental market in the UK is booming, and property owners are looking for ways to generate income from their property. By using a property manager, landlords can enjoy the benefits of a monthly rental income while someone else does the work.

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Given the demand for property, it is no surprise homeowners are achieving close to their asking price, but you might be surprised at the rate this happens. A recent study by GetAgent found property owners in England and Wales are reaching 99.4% of their asking price. This represents an increase of 2.4% for this outcome compared to last year.

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If you are thinking of selling your home in the UK, you may find this guide useful. First-time sellers may find it helpful, but even experienced sellers should know the latest changes in the laws and market.

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A study by Quick Move Now indicates 31% of property sales in the second quarter of 2022 fell through. From the sales that failed to conclude satisfactorily, 30% failed because mortgage companies refused to provide funds to applicants. There is a growing feeling mortgage lenders are placing stricter controls on lending.

Other factors cited were gazumping, and the buyers’ circumstances changing before they finalised the purchase.

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  4. Home Improvement Blunders Cost Property Owners

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