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How Affordable is Property for Luton’s Average Working Families?

How Affordable is Property for Luton’s Average Working Families?

The simple fact is we are not building enough properties. If the supply of new properties is limited and demand continues to soar with heightened divorce rates, i.e. one household becoming two, people living longer and continued immigration, this means the values of those existing properties continues to remain high and out of reach for […]

2,758 Luton Landlords Plan to Expand Their Buy To Let Portfolios

2,758 Luton Landlords Plan to Expand Their Buy To Let Portfolios

A noteworthy number of buy to let landlords in Britain plan to buy more properties over the next year notwithstanding the frustrations, challenges and seismic changes in the private rented sector. According to Aldermore, the specialist Buy To Let lender, their research shows around 41% of portfolio buy to let landlord’s objective is to grow […]

Extra Funding Is Required for Affordable Homes in Luton

Extra Funding Is Required for Affordable Homes in Luton

In my blog about the Luton Property Market I mostly only talk about two of the three main sectors of the local property market, the ‘private rented sector’ and the ‘owner occupier sector’. However, as I often stress when talking to my clients, one cannot forget the third sector, that being the ‘social housing sector’ […]

Luton Property Market – Asking Prices Down 3% in the Last 12 Months

Luton Property Market – Asking Prices Down 3% in the Last 12 Months

The average asking price of property in Luton dropped by 3% or £9,296 compared to a year ago, taking the current average asking price to £301,328 compared with £310,624 this time last year. The overall drop in asking prices is being put down to sellers being more realistic with their pricing and looking to benefit […]