Key Points from the King’s Speech 2024 for Harrogate’s Homeowners and Landlords
The Harrogate Property Blog by Myrings Estate Agents
by Charles
4d ago
The King’s Speech at the State Opening of Parliament sets the agenda for the government’s priorities. This year’s speech, delivered by King Charles, is the first from a Labour government since 2010 following the recent general election. With 30+ bills highlighted, there are significant plans, though nothing particularly groundbreaking or seismic for Harrogate homeowners or landlords. The Renters’ Rights Bill A major focus is the Renters’ Rights Bill, Labour’s version of the previous Renters (Reform) Bill. This aims to overhaul the private rental sector in England, ending tenant mistreatment ..read more
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Horti-futurism: This year’s unexpected garden revolution
The Harrogate Property Blog by Myrings Estate Agents
by Charles
2w ago
In the ever-evolving world of gardening, new trends and concepts emerge each year, captivating the imagination of garden enthusiasts worldwide. This year, the spotlight is on ‘horti-futurism’, an unexpected garden revolution that is taking the gardening world by storm. But what exactly is horti-futurism and how can you incorporate its principles into your own garden? Read on for an exploration of this exciting new trend. What is horti-futurism? Exploring the basics Horti-futurism encapsulates a forward-thinking approach to gardening, combining advanced technology, eco-friendly practices, and g ..read more
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Labour’s Housing and Property Market Manifesto: What Harrogate Homeowners & Landlords Should Know
The Harrogate Property Blog by Myrings Estate Agents
by Charles
2w ago
Now we know Labour will be taking the reins of government and ushering in a new era of policies and promises, particularly in housing and property markets. Their manifesto outlines ambitious plans to address the chronic issues of housing affordability, renters’ rights, and homelessness. However, the practical implementation of these initiatives, especially in a local context like Harrogate, raises significant questions. Yet before we look at those, it is essential to see what has happened up to this election. Impact of the General Election on the UK Property Market Despite the anticipation and ..read more
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Harrogate & UK Property Market Overview for Q2 2024
The Harrogate Property Blog by Myrings Estate Agents
by Charles
2w ago
As an estate agent working in Harrogate, I believe it’s crucial to provide a comprehensive and realistic perspective on the local and national property markets. This approach aims to dispel the misconceptions often perpetuated by the media. Despite frequent reports predicting a housing market crash since September 2022, the actual data reveals that the British and Harrogate property markets are holding steady. National Homes for Sale To understand the health of the property market, we should first examine the influx of new properties (listings) entering the market. In the second quarter of 202 ..read more
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Harrogate Property Market: Navigating the ‘Starmer Surge’ Following the General Election?
The Harrogate Property Blog by Myrings Estate Agents
by Charles
3w ago
Despite the anticipations and speculations surrounding the UK General Election, its impact on the UK and Harrogate property market has been negligible. Market trends, buyer interest, and property values have remained steady, showing no significant fluctuations attributable to the political climate. This stability suggests that factors such as economic fundamentals, interest rates, and housing supply continue to play a more crucial role in shaping the property market’s dynamics than the election results. Harrogate homeowners and buyers alike have maintained their focus on these core elements, d ..read more
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Why Are So Many Harrogate Homeowners Selling So Soon After Buying?
The Harrogate Property Blog by Myrings Estate Agents
by Charles
1M ago
The UK property market has seen significant shifts in recent years, particularly during the pandemic. One of those changes discussed by the Press are the number of properties for sale where the home seller is suffering from ‘buyers regret’. In estate and letting agency online forums, the ‘feeling’ is that there are a lot of properties on the market, where the owner purchased their home during the pandemic years of 2020 and 2021 yet are now back on the market. There are 694,281 properties currently for sale in the UK and for 8.2% of them, the owner has only been in their home since the end of t ..read more
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Understanding the Property Market: £/sq.ft Trends in the UK, Yorkshire and Humber, and Harrogate
The Harrogate Property Blog by Myrings Estate Agents
by Charles
1M ago
The property market in the UK is a complex and multifaceted entity, characterised by a myriad of factors that influence property prices and values. One of the critical metrics often underutilised to gauge the value of property is the price per square foot (£/sq.ft). This figure provides a standardised measure, enabling comparisons across different regions and localities. In this article, we will delve into the £/sq.ft figures for the UK as a whole, the Yorkshire and Humber region (and how that compares to other regions), the Harrogate property market and why this £/sq.ft metric is particularly ..read more
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Why Hasn’t the Harrogate Property Market Crashed?
The Harrogate Property Blog by Myrings Estate Agents
by Charles
1M ago
The UK property market has demonstrated remarkable resilience despite facing significant challenges over the past 18 months. Many analysts in the autumn of 2022 predicted a severe downturn in house prices, driven by economic uncertainty, a cost-of-living crisis, and rising mortgage rates. Yet, contrary to these grim forecasts, UK (and Harrogate) house prices have remained relatively stable. This article delves into the reasons behind the unexpected stability of the property market, providing insights for buy-to-let landlords and homeowners alike. Economic Predictions vs Reality In the autumn o ..read more
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Harrogate Buy-to-Let Property Market: A Harrogate Landlord’s Perspective on Recent Trends
The Harrogate Property Blog by Myrings Estate Agents
by Charles
2M ago
Over the past few years, the UK rental market has experienced significant fluctuations, with rents increasing dramatically during the Covid-19 pandemic. Between 2020 and 2022, demand far exceeded supply, driving rents to unprecedented levels. In Yorkshire and Humber for example, the average rent has risen from £757 per calendar month (PCM) to £962pcm YTD in 2024. However, the last 12 months have seen a slight increase in the number of properties available for rent, both nationally and regionally, leading to a more balanced market. This article will explore these trends and see if the same is ..read more
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How Does the General Election Affect Harrogate House Prices?
The Harrogate Property Blog by Myrings Estate Agents
by Charles
2M ago
The recent announcement by the British Prime Minister regarding the next general election set to take place in early July 2024 has inevitably stirred discussions about its potential impact on the Harrogate property market. Historically, general elections are periods of heightened uncertainty, often leading to speculation about their effects on house prices and transaction levels. However, examining past trends reveals a relatively stable market, with only minor fluctuations in transaction volumes. House Prices To Remain Steady Data from previous election cycles indicates that UK house prices ..read more
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