Bath needs 369 additional private rented properties per year to keep up with current and future demand from Bath tenants. Yet over the last 5 years, Bath has lost 617 private rented homes. What are the 5 reasons the supply of private rental properties in Bath are falling? What does this mean for tenants and landlords in
Everything you need to know about the Bath rental market in April 2022. Reside General Manager Toby Martin summarises rental activity over the last month, with the latest facts and figures from the local market. Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of
The Bath housing market over the last five years has behaved strangely. Bath house prices are 29.4% higher than in 2017, even though during those five years, the British economy had the uncertainty of Brexit and the massive fall in GDP during the pandemic. Yet, a less observed trend is that the net number of
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In 1981, 23.8% of properties in Bath (Bath and the North East Somerset District as a whole) were council houses. Today, that figure stands at 3.4%, a proportional drop of 86%. Why has the number of council houses dropped so much in those 40 years? How has that changed the dynamics of the Bath property
1,467 properties have sold in the Bath area in the last 12 months. It only takes 65 days to sell a Bath home, so why does it take 112 days from the sold board going up to the buyer getting the keys? With a shortage of solicitors and a sub-standard conveyancing system, this article discusses
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Everything you need to know about the Bath rental market in March 2022. Reside General Manager Toby Martin summarises rental activity over the last month, with the latest facts and figures from the local market. Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of
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The average time to find a buyer for a Bath property reduced from 72 days in 2020 to 66 days in 2021. Yet just over 1 in 4 Bath homeowners are still on the market after 12 weeks. Why are so many Bath homes still on the market after all that time, and what does
The UK is currently experiencing its highest inflation rate since the early 1990s. This increase in prices has primarily come about by the combination of an increase in demand for goods and services from consumers following lockdown last year together with global supply chain disruptions. Most economists weren’t too concerned about this increase in the
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1,613 homes in the Bath and North East Somerset area are empty, which represents 1 in 53 homes. 833 of those have been empty for more than six months and are worth £333 million. Why are those properties standing empty and deteriorating and why could that become an issue for the whole of Bath? A
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Everything you need to know about the Bath rental market in February 2022. Reside General Manager Toby Martin summarises rental activity over the last month, with the latest facts and figures from the local market. Reside is an award-winning independent letting agent in Bath. Please get in touch if you would like to discuss any aspect of
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