Interest rates set to fall at fastest rate since UK’s financial crisis
Interest rates are set to fall at their fastest rate since the 2008 financial crisis, economists have predicted, offering mortgage holders relief from high borrowing costs. The Bank of England is expected to cut interest rates from 4.5% to 4.25% next week in what would be the second rate reduction this year, having already dropped […]
Major Changes Coming for Landlords and Tenants in 2025
Sweeping changes to landlord and tenant law are making their way through Parliament, with the newly reworked Renters’ Rights Bill (formerly the Renters’ Reform Bill) set to become law later this year. This landmark legislation is expected to bring significant transformation to the private rented sector across England. At Adkins Property, with over three decades […]
Cotswold Property Market Update – Steady Growth Despite Slower Pace
According to the latest House Price Index from Zoopla (February 2025), property prices in the Cotswolds have edged up by 1.1% over the past year. This modest increase has added around £5,000 to the value of a typical home in the area, bringing the average price to £457,200. While growth in the Cotswolds lags behind […]
Spring Statement: Government’s Housing Plans Unveiled
Chancellor Rachel Reeves’ Spring Statement focused on economic updates rather than major tax or spending changes. On housing, she emphasised bold planning reforms aimed at boosting housebuilding to its highest level in 40 years. Key takeaways:🏡 170,000 extra homes by 2029/30 – a 30% rise from current levels.🏡 1.5 million new homes targeted this Parliament.🏡 […]
Market Update – March 2025
The property market in Cirencester and the surrounding Cotswold towns continues to face significant challenges as we move further into 2025. A combination of economic factors, including inflation, interest rates, and shifting buyer priorities, has created a slower and more selective market. The Impact of Inflation & Interest Rates Despite some improvements in economic stability, […]
What to Do When Your Property Isn’t Selling – The Importance of a Price Reduction
In today’s challenging property market, many sellers find themselves in a frustrating position: their home has been on the market for weeks, perhaps even months, with little interest or no offers. If your property isn’t selling, it’s important to take a strategic approach and consider your next steps—one of which may be a price reduction. […]
Thinking About Moving This Spring? Here’s Why Now is the Perfect Time to Plan Your Move
As the days start to get longer and the property market gears up for a busy spring, now is the ideal time for homeowners considering a move. Whether you’re upsizing, downsizing, or simply looking for a change of scenery, preparing early can give you the best chance of a successful sale. Why Spring is the […]
Bank of England keeps Base Rate at 4.5%
The BoE’s Monetary Policy Committee has decided to hold its base rate at 4.5%, citing global trade changes led by the US and a sluggish UK economy. The Bank of England has today held its base rate at 4.5% just a month after cutting it by 0.25%. This latest decision comes as global political jitters […]
Many Sellers Unhappy with Estate Agent Valuations Despite Rising House Prices according to Zoopla
House prices may be on the rise, but a significant number of sellers have expressed dissatisfaction with their estate agent’s valuation. A Zoopla survey of 1,005 people who sold or had a property valued in the past three years found that 13% felt their property was valued lower than expected—by an average of £46,866. Several […]
Revenue up 7% as Rightmove squeezes more out of estate agents
Agent numbers may have remained broadly flat but the portal has still managed to extract more money from them as it boasts of ‘its proven ability to grow profits and cashflows in all market conditions’. Rightmove’s year-end results reveal that despite achieving a modest 2% increase in the number of agents using the portal it […]