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Over the last few weeks, there has been a growing narrative in the national press suggesting that the housing ladder is becoming increasingly difficult to climb. Much of this centres around the widening gap between smaller and larger homes, with many commentators suggesting that homeowners are becoming “stuck” and unable to move up.
Being a landlord in the UK has become harder in recent years. Rising mortgage costs, more regulation and higher expectations from tenants have added pressure.
A client asked us recently what impact the escalating situation involving Iran might have on the UK property market. It is a good question, and the honest answer is that the main area to watch is interest rates.
We are delighted to share the successful sale of 21 Kirkby Road in Culcheth, a fantastic five-bedroom detached property that recently achieved a sale price significantly over its asking price. This outcome truly highlights the current market dynamics in the area.