πŸ“ŠπŸ‘€ Market Insights from our Managing Director, Andrew Turner:

πŸ“ŠπŸ‘€ Market Insights from our Managing Director, Andrew Turner:

"We're looking forward to seeing how the local markets shape up, however, early signs in January are very positive with us having agreed sales on 18 properties across both of our branches so far."


For the wider national economic picture:


β€’ Amidst conflicting news reports, the latest economic forecasts from HM Treasury, released in the past few days, provide a clearer outlook for both the economy and the housing market in 2025.

β€’ Economic growth is expected to be modestly stronger over 2025 compared with 2024, although a worrying pause in economic growth in Q4 and a few risks on the downside could alter that outlook.

Inflation is forecast to sit just above target rates, but certainly leagues better than the high rates seen in 2023 and early 2024, and likely not high enough to stop the Bank of England from cutting interest rates.

β€’ The Bank of England is expected to cut interest rates from 4.75% to 3.75% by the end of 2025. While much of this is already priced into fixed mortgages, there could be some further downward shifts in these rates.

β€’ For the housing market this economic backdrop should amount to a solid year for transaction activity, with prices likely to grow by a similar amount to 2024. Source: Dataloft by PriceHubble, HM Treasury Consensus Jan 2025

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January might not seem like the most obvious time to sell your home, but in reality, it can be a great month to list. Buyers in the new year are often highly motivatedβ€”some are acting on fresh resolutions to move, while others are looking to secure a home before spring competition heats up.

Nestled in the heart of the Lancashire countryside, the villages of Longridge, Goosnargh, Chipping, and Ribchester offer a perfect mix of rural charm, stunning scenery, and a warm community spirit. These picturesque locations are more than just places to liveβ€”they are havens of happiness, where history, nature, and modern convenience come together.

Over the past decade or so, the average length of tenure for private renters has increased. Renters are staying in their current homes for an average of 4.6 years. This is a noticeable shift from 10 to 15 years ago, when the average was between 3.5 to 3.8 years. what is driving this trend, and what does it mean for both renters and landlords?

As the founder of Pendle Hill Properties, I’ve been helping homeowners in Burnley, Padiham, Longridge, and the Ribble Valley for over 17 years. One important lesson I’ve learned is that relying solely on property portals like Rightmove or Zoopla is no longer enough to guarantee a quick sale.