How Will Rising Inflation Affect the Bath Property Market in 2022?
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
Read more
1 in 53 Bath Homes Are Sitting Empty
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
Read more
Bath Rental Market Review: February 2022
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
Read more
Bath Household Heating Bills Set to Rise to £63,677,830 in 2022
The energy bills of every Bath resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity. So, what can Bath residents do to
Read more
Why Are There So Few Bath Homes For Sale?
52% drop in the number of properties for sale in Bath in the last 12 months. 402 Bath homes have sold (stc) in the last three months alone, taking the time from the ‘for sale board’ going up to sale agreed to a median of 42 days. The £200k to £300k price range in Bath
Read more
What Bath Landlords Need To Know About The Government’s ‘Levelling Up’ White Paper
Some Bath landlords could face bills of between £11,000 to £14,000 as Michael Gove, the Housing Minister, declared an attack on poor quality private rental homes. 2,114 Bath rental properties could require upgrading. The Government announced in their ‘Levelling Up’ White Paper last week, they plan to introduce a new minimum standard for private rental properties.
Read more
Bath Rental Market Review: January 2022
Everything you need to know about the Bath rental market in January 2022. This month: just how bad is the Bath property shortage? Tenant demand has far exceeded property supply for the last 12 months, but just what is the extent of this property shortage? As Reside’s Toby Martin discusses in the above video, the number of
Read more
The Average Bath Homeowner Pocketed £354k in the Last 20 Years
The average house price in Bath has increased by 195.9% to £535,700 in the last 20 years, a profit of £354,650 That means, when adjusted for inflation in those two decades, Bath house prices have risen in real terms by 123.8% What does this mean for existing Bath homeowners and first-time buyers trying to get
Read more
Off The Record: supporting young people in Bath
Every year we ask our staff to research and discuss local charities, before deciding to which we should pledge our support and donations. In the second of two blogs, we introduce a charity that supports young people in Bath, helping with a wide range of issues affecting mental health and wellbeing. During these tough times,
Read more