Weekly Expert Insights: Market Surprises and Legislative Changes
House Prices Hit Record High in 2024
The latest Halifax market report highlights a 4.8% year-on-year rise in house prices, pushing the average property value to just under £300,000—an all-time high. This surge underscores the continued resilience of the housing market despite broader economic challenges. Buyers and sellers alike should consider this trend when planning their next move in the property market.
EPC Reform Consultation: Have Your Say
A consultation to reform Energy Performance Certificates (EPCs) has been launched, aiming to modernize the outdated system. One of the more controversial proposals includes reducing the current 10-year validity period, sparking significant debate among homeowners and industry professionals. This consultation represents a critical opportunity to shape the future of EPCs—don’t miss the chance to contribute your views.
Hexham: The Northern Gem Ranked 3rd Happiest Place to Live
Hexham, a picturesque market town in Northumberland, has been named the third happiest place to live in the UK, according to Rightmove’s 2024 survey. With an average house price of £313,147 and monthly rents averaging £840, the town offers a compelling mix of affordability and quality of life.
Key features making Hexham so desirable include:
Proximity to Nature: Easy access to the stunning Northumberland National Park and Hadrian’s Wall.
Historic Charm: The 12th-century Hexham Abbey and vibrant town centre attract history enthusiasts and shoppers alike.
Family Appeal: Top-rated schools and a community-focused atmosphere.
Convenient Transport: Strong links to Newcastle make commuting easy.
Does Happiness Depend on Living Near a Pub?
A quirky study suggests that the ideal distance from home to pub is 0.7 miles. Surprisingly, almost 50% of homebuyers admit to placing an offer on a property while visiting their local! Whether it’s the social connections or the charm of a cozy pint, living near a pub could be the unexpected key to happiness. Cheers to that!
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