Why does it take 112 days to get the keys when you buy a house in Bath?
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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Bath Rental Market Review: March 2022
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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1 in 4 Bath Homeowners Unable To Sell
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
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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
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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
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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
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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
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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
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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.
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