Bank Of England Interest Rate Cut November 2024
2 minute read posted by The NGU Homes Team
on 7th Nov 2024 Today, the Bank of England made a strategic move, voting 8-1 to cut interest rates from 5% to 4.75%. This cut means more affordable mortgages, setting the stage for what experts predict will be a substantial increase in North-East...
Property Market Update Darlington
2 minute read posted by The NGU Homes Team
on 6th Nov 2024 Darlington continues to outperform the national market for sales. Over the last 12 months, prices have increased by 3.4% vs the national average of 2%. As you can see below the hottest areas are in DL1, sales prices are up 6% over...
Inside A Tenanted Property With Bathroom Mould
3 minute read posted by The NGU Homes Team
on 31st Oct 2024 Watch Our Youtube Short Now! Condensation and mould are common issues in rental properties, particularly in bathrooms where moisture levels tend to be high. Left unchecked, mould can lead to costly repairs and potential health...
2024 Budget Update: How Does The New Changes Impact Landlord & Tenants?
3 minute read posted by The NGU Homes Team
on 31st Oct 2024 The 2024 Budget, announced by the Chancellor, has introduced over £40 billion in tax rises, impacting a range of sectors, including property. Notably, landlords have been affected by a key increase in Stamp Duty for second homes....
Property Market Update Redcar & Cleveland
2 minute read posted by The NGU Homes Team
on 31st Oct 2024 Redcar & Cleveland continues to outperform the national market for sales. Over the last 12 months, prices have increased by 3% vs the national average of 2%. As you can see below the hottest areas are TS10 3, TS10 4 & TS10 5 for...
Property Market Update Middlesbrough
2 minute read posted by The NGU Homes Team
on 25th Oct 2024 Middlesbrough continues to outperform the national market for sales. Over the last 12 months, prices have increased by 4% vs the national average of 2%. As you can see below the hottest areas are TS1 & TS3 for sales prices which...
October 2024 Property Market Update: How Are Property Prices Shaping Up?
3 minute read posted by The NGU Homes Team
on 22nd Oct 2024 As we transition into the final quarter of 2024, it’s time to reflect on the state of the property market and how prices have shifted over the past year. At NGU Homes, we’ve been monitoring the trends closely to provide...
What will happen to house prices if interest rates fall to 2.75%
1 minute read posted by The NGU Homes Team
on 22nd Oct 2024 The last few years have been tough for homeowners and tenants. Interest rates have increased from 0% to 5.25% in a short period of time, resulting in values stagnating and landlords increasing rents to cover their increased...
Property Market Update Stockton-on-Tees
2 minute read posted by The NGU Homes Team
on 18th Oct 2024 Stockton-on-Tees continues to outperform the national market for sales. Over the last 12 months prices have increased by 3% vs the national average of 2%. The biggest driver of growth in Stockton though is the rental market. It's...
Is the North-East the best area in England to INVEST‼
1 minute read posted by The NGU Homes Team
on 17th Oct 2024 Is the North-East the best area in England to INVEST The average yield in the North-East is 8.3%* That's a 20% better return than any other region We're landlords ourselves and we'd say definitely yes! House prices over the last...