Time for your regular market update from Team Nicol & Co 💜 There’s a lot going on 🤯 so Managing Director Matt is here to talk you through all the latest news.
In the local market…
⬇️ Sales are down 28% across Worcestershire
🏘️ 5-year property values are up in Droitwich (+19%), Worcester (+22%) & Malvern (+28%)
📈 Rental prices are up 6% across the WR postcode area
In the national market…
🔽 Home ownership is down among 25-34 year-olds
📉 Mortgage approval numbers are down 8%
⚡ Energy efficiency requirements for rental properties scrapped
⬆️ Average UK rents are up 5.6%
🏦 Bank of England holds rates at 5.25%
💡Are you thinking about investing in the private rented sector? Our free Landlord Seminar is on Wednesday 6th December at Claines Lane at 6pm. Come along to hear guest speakers, ask questions, and discover the best local investment opportunities! 🎉
Register here: https://www.eventbrite.co.uk/e/landlord-event-tickets-743474140167
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Above all else; memorable for the right reasons.
Nicol & Co is an award-winning Worcestershire based estate agency offering excellent customer service to: tenants, vendors, buyers, landlords, and developers. Our specialist knowledge of the property industry combined with a respect for our local community has made us area favourites. Please get in touch to find out how you could benefit from our services.