Newcastle Property Market Update
2 minute read posted by The NGU Homes Team
on 28th May 2025 đ Rental Market Overview Newcastle's rental market has shown steady growth over the past year, reflecting strong demand and a competitive rental landscape. As of May 2025, the average monthly rent in Newcastle upon Tyne was...
Is Your EICR Expiring? â 5 Years of Electrical Safety Regulations
3 minute read posted by The NGU Homes Team
on 23rd May 2025 June Marks 5 Years of Electrical Safety Regulations in England This June, we reach five years since electrical safety regulations became law in Englandâan important milestone in ensuring tenant safety. When these regulations...
Northumberland Property Market: May 2025
2 minute read posted by The NGU Homes Team
on 22nd May 2025 đ Rental Market Overview Over the past year, Northumberland has experienced notable growth in both the housing and rental markets. The rental market has also seen substantial growth, with average rents rising by 8.9%. These...
What is a Selective License?
2 minute read posted by The NGU Homes Team
on 21st May 2025 If you rent out property in certain areas, you may be legally required to have a property licence under what's known as selective licensing or additional licensing. These schemes are designed to improve housing standards and help...
Energy Efficiency Rules Are Changing Are You Ready?
2 minute read posted by The NGU Homes Team
on 20th May 2025 The UK government has confirmed that by 2030, all rental properties must achieve a minimum Energy Performance Certificate (EPC) rating of C. This policy, reinstated under the Labour government, is designed to improve housing...
Gateshead Selective License Scheme
2 minute read posted by The NGU Homes Team
on 14th May 2025 We wanted to make you aware that Gateshead Council is introducing new selective and additional licensing schemes across 16 neighbourhoods, beginning 1st June 2025. Following a Cabinet meeting on 18 February 2025, the council...
Durham Property Market: May 2025
2 minute read posted by The NGU Homes Team
on 13th May 2025 đ Rental Market Overview Durham continues to offer some of the most affordable rental options in the UK, attracting a steady demand from tenants seeking value outside major urban centers. Average Monthly Rent: ÂŁ594 as of March...
North East House Price Index: May 2025
2 minute read posted by The NGU Homes Team
on 12th May 2025 As we move through spring, house price growth across the North East is starting to moderate, echoing national trends. Seasonal shifts, increased supply, and economic uncertainty have led to a softening in buyer demand - however,...
Middlesbrough Property Market: May 2025
2 minute read posted by The NGU Homes Team
on 9th May 2025 The sales market in Middlesbrough is showing decent growth showing an increase of 2.8% compared to national 2.6%âmaking it one of the better areas in the North East for buyers and investors right now. đ Property Price Growth...
Base Rate Cut to 4.25%
2 minute read posted by The NGU Homes Team
on 8th May 2025 The Bank of England has just reduced the base interest rate by 0.25%, bringing it down to 4.25% â the fourth cut since August 2024. This move is aimed at supporting the economy and is already having a knock-on effect on mortgage...