Austins Estate Agents

🏡 As we close out November, the Wolverhampton property market is buzzing with key trends every buyer, seller, landlord, and renter should know. From rising house prices to changing rental demands, this month's update is packed with insights! Whether you're looking to buy, sell, or rent, stay ahead of the market with expert tips and trends. 📈 Find out more from our latest market overview! 🔑 https://lnkd.in/gGNehFSY #WolverhamptonProperty #RealEstateTrends #UKPropertyMarket #AustinsEstateAgents #HousingMarket2024

📈 Inflation Rises to 2.3% in October Housing costs, especially rising electricity and gas prices, pushed inflation above the Bank of England’s target. Experts warn higher mortgage rates could persist into 2024, but hope remains for stabilization and more affordable rates in the future. How’s this affecting you? Share below! ⬇️ #UKProperty #wolverhampton #austinsestateagents #landlorduk https://lnkd.in/eRzsRZBp

✅ With rising energy costs a concern, 53% of home movers would consider buying a brand new home, up from 47% last year. ✅ This is consistent across all age groups showing new-builds appeal to everyone, not just for first-time buyers or those who don’t like maintenance. ✅ The top reasons people would consider a new build home were more energy efficient (70%), less maintenance (65%) and no need to refurbish (64%). ✅ On the other side of the fence, the main concerns were build quality (61%) followed by room size (47%). Source: Dataloft by PriceHubble, Property Academy Home Movers Survey 2024.

📢 The 2024 Autumn Budget brings big news for UK landlords! While the feared CGT hike has been avoided, there’s a higher Stamp Duty surcharge for additional properties and new incentives for energy efficiency upgrades. 🌱💼 Whether you're thinking of expanding your portfolio or optimizing your property’s energy performance, we've broken down what these updates mean for you in Wolverhampton. Learn how to navigate these changes and make the most of the current market landscape with insights from Austins Estate Agents. 👉 Contact us for tailored advice! https://lnkd.in/gF49zv_e #AutumnBudget2024 #UKLandlords #PropertyInvestment #StampDuty #CapitalGainsTax #EnergyEfficiency #RentalMarket #PropertyManagement #LandlordTips #PropertyUpdates

Seeing results like these is why we love what we do! 💪✨ Thank you for trusting Austins Estate Agents. ⭐ #ClientReview #AustinsEstateAgents #UKProperty #WolverhamptomProperty

✅ The Government's housebuilding target to build 1.5 million homes in their first five years is viewed as critical to solving the country's housing crisis. But as well as tackling the lack of supply and affordability constraints, building new homes has many wider economic benefits. ✅ The Home Builders Federation (HBF) estimate that home building delivers over £50bn in economic activity per year. This is based on the completion of 240,000 net additional homes. ✅ There are benefits for the local area too. In 2023, new homes construction delivered £1.5 billion of local infrastructure and £216 million of spending on open space, youth, community and sports facilities. ✅ Overall, it estimated that 834,000 jobs are supported by the industry and its supply chain, the equivalent to 3.4 jobs per dwelling built. Source: Dataloft by PriceHubble, Home Builders Federation, Lichfields

🎃🏡 October is here, bringing cooler weather and new opportunities in the UK property market! Whether you're buying, selling, renting, or managing a property, there’s plenty to consider this month. Mortgage rates are shifting, rental demand is high, and new regulations are on the horizon. Plus, we’ve got some fun Halloween-inspired tips to help make your home stand out! 👻🍂 Read more here: https://lnkd.in/g3tjcqux Looking to buy or sell in Wolverhampton? Get in touch with Austins Estate Agents at 01902 244200 or email info@austinsestateagents.co.uk. #PropertyMarket #Wolverhampton #HomeBuyers #Landlords #Renters #RealEstate #HalloweenVibes #OctoberPropertyTrends

📈 September UK Property Market Update 📈 This month, the UK property market has seen significant developments! 🏡 House prices have risen by nearly £3,000, and mortgage rates are starting to stabilize, offering some relief for buyers. But that's not all—legislative changes, like the Renters' Reform Bill, are reshaping the landscape for landlords and tenants. For a more detailed look and expert advice, Read more here https://lnkd.in/gXnKAYGV #PropertyMarket #UKHousing #RealEstate #Wolverhampton #AustinsEstateAgents

✅ July data just released by the Bank of England saw a pick-up in mortgage approvals to just shy of 62,000, the highest monthly rate since the Truss mini budget in September 2022. ✅ This July mortgage data precedes the Bank of England's first interest rate cut in August but shows the building sentiment towards the housing market as mortgage rates moved down ahead of the Bank of England meeting. ✅ With mortgage rates moving lower again since, mortgage approval volumes should strengthen further over the next few months, which in turn will feed into higher transaction numbers. Source: Dataloft by PriceHubble, Bank of England #dataloft

🏡✨ Home Sellers are Cashing In on Rising Prices! ✨🏡 With house price growth hitting a 2-year high, sellers who waited are reaping the rewards! According to the latest Halifax House Price Index, annual growth reached 4.3% in August. Average house prices now sit at £292,505, just shy of record highs. 🏆 Hotspots: Northern Ireland: +9.8% 🚀 North West England: +4.0% 🏙️ London remains the priciest at £536,056 💼 Buyers are feeling more confident with easing interest rates, and we’re expecting steady growth for the rest of the year. Is it your time to sell? Let’s find out! https://lnkd.in/ggfPG7hd #PropertyMarket #HousePrices #RealEstate #Halifax