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For much of the last two decades, bungalows have quietly slipped out of fashion. Overshadowed by those glossy new build developments, three storey townhouses and open plan ‘modern living’, they became seen by many as somewhere only your granny lives rather than an aspirational home move.
Rental growth has eased, but tenants are still searching carefully and landlords need to stay on top of pricing, compliance and property standards as the summer moving season continues.
Every few weeks, another headline appears warning that house prices are about to crash. The reason changes each time. One month it is mortgage rates. The next it is inflation. More recently, geopolitical tensions and uncertainty in the Middle East have been blamed for higher borrowing costs and weaker buyer confidence
When Britain voted to leave the European Union on 23rd June 2016, many predicted the UK housing market was heading for trouble. Then Chancellor, George Osborne, warned house prices could fall by as much as 18%.