Lettings Market Updates & Property Advice!

Lettings Market Updates & Property Advice!


Welcome to the June edition of the Greenstone newsletter.

This month we discover:

- What's happening in the property market?

- How you can make your home move stress-free with children

- Our top tips for investing in property

- Inteior design ideas to prepare your home for the upcoming summer months

We hope you enjoy this month's edition. We also provide property tips, insights, and updates on our social media channels, which you can click to follow at the end of our newsletter. As always, please get in touch if you have any property queries.

Best regards

Lewis Green, Director

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What's happening in the UK property market?

 
After two years of high market activity, you’d be forgiven for thinking the tide is ready to turn. But despite burgeoning constraints on household finances, the buying frenzy continues, with properties still selling at almost record speeds nationwide.* 

 

But what’s driving this situation? The leading cause appears to be a general lack of supply. From delays brought about by the pandemic to a shortage of new homes across the UK, the supply-demand ratio is proving difficult to balance.  

 

Low interest rates and rising inflation also mean that buyers hope to reduce their potential mortgage debt. This combination of factors has contributed to UK house prices increasing by 9.8% between March 2021 and 2022 – adding £24,000 to the average value.** 

 

The market is still strong as we move into the summer months – and will most likely remain so for the foreseeable future. 

 

Do you know how much your home is worth right now? If you’re thinking of selling, book a valuation with us today.  

 

 

*Home.co.uk. 

**UK House Price Index 



Make your summer house move stress-free with children

 

 

Even if you've discovered your dream home in the ideal location, the process may be stressful, especially if you're relocating with children. 

Whether it's for a new career opportunity, to be closer to family, or to make a necessary lifestyle adjustment, uprooting your life may make sense to you. Your children, on the other hand, may not be as understanding, as everything they know and are used to is about to change. You can use a few tricks to make the transition go as smoothly as possible. 

 

As soon as possible, inform your children 

 

According to some parenting experts, you should tell your children as soon as possible. It may be difficult to remain a secret for long, as you will almost certainly have possible buyers coming in and out of your home, and your children will notice something is different. You don't want to keep anything from them because it will just add to your stress level, so inform them as soon as possible to make them feel included. Include them and make it more exciting by allowing them to help choose the new house and plan what they want to take with them if they're up for it.

  

Allow them to be emotional 

 

It may be difficult to watch, but when your children scream or throw tantrums, remember that this is a normal reaction and that you should allow them to be upset. Their entire lives are changing, and the relocation may be separating them from friends, cherished family members such as grandparents, or a childminder they've known since childhood. Instead of becoming furious, try to understand why they aren't accepting the changes immediately. Each child is unique and adjusts to change at their own rate, but it often takes six months for children to adjust to their new life in a new place. 

 

Talk about what will remain the same 

 

The stress of so much change might be difficult for your children. Rather than focusing on what will be changing, remind them of what will remain the same. Their bedrooms may differ, but their possessions will be identical. Even if their schools are different, all of their after-school activities will remain the same. It may be difficult for them to focus on the similarities, so try your best to remind them as much as possible. 

 

Stick to old routines 

 

Just because you've moved to a new location doesn't mean you should abandon your old habits. Remember that you need to keep certain pieces of your previous life constant for your children to adjust, and keeping at-home routines running is a terrific way to do so. If kids have certain after-school rituals, try to stick to them as closely as possible, even if some things change. 

 

Prepare everyone 

 

Don't be caught off guard when it comes to moving day! Starting the moving process as soon as possible will help you avoid a last-minute rush to pack and clean. It's a good idea to prepare an overnight bag for everyone for both the last night in your old home and the first night in your new one, so you don't have to unpack right away after a long day. 

 

Allow your children to express themselves 

 

Allowing your children to participate in the entire moving and packing process will provide them with a sense of stability and control over the changes in their surroundings. Ask about their thoughts on topics such as what to pack and how to decorate their new rooms! 

 

Contact our friendly team for useful guidance on all areas of moving home, and we will be happy to assist. 

 



Investing in property? Here are our top tips!

 
With high demand for property driving up house prices and rents across the country, now is a great time for new or established landlords to ride the wave by investing. But where should you start, and how can you improve your chances of a respectable return? Read on to find out.
 
Choose your location
Ideally, it’s sensible to invest in an area within a manageable radius of your current location. This will allow you to visit the property easily, complete any necessary improvements, or keep an eye on contractors. If you live nearby, you’re also more likely to know which streets and neighbourhoods are the most desirable, helping you identify golden opportunities as soon as they arise.
 
Once you’ve settled on a general area, spend some time researching the current market conditions, including the average local rent and sale price for the type of property you’re interested in buying.
 
Hint: A trusted local agent like ourselves can advise you on this.
 
Identify potential ways to add value
While searching for the perfect rental, consider ways you could improve a property to make it more appealing to your ideal tenant. Could you add an extra bedroom or a home office by converting the loft? Is the property worth renovating to bring it in line with more high-end lets? This is where your market research will come into its own.
 
Other ways to increase profit may include selling off additional land a tenant won’t need or splitting up a building into apartments. Just make sure you obtain advice from a relevant professional before you invest.
 
Decide on funding
Yes, opportunities are endless for cash buyers, but if you have the minimum deposit (usually 25%), a buy-to-let mortgage can help you achieve your dreams. The maximum you can borrow is linked to the rental income you expect to receive, which should be 25–30% higher than your mortgage payment.
 
Specialist lenders may also provide a bridging loan to cover the cost of renovations while you get the property up-to-scratch.
 
Beyond these top tips, our property experts are always on hand to help. Contact us to discuss potential investment opportunities or book a rental valuation.
 



Summer interior design ideas

 
After the spring clean comes the summer spruce-up. Longer days and warmer evenings offer the perfect opportunity to tackle those home décor projects – especially if you have some time off work. Read on to be inspired by this year’s interior design trends.
 
Go green
 
Summer is the outdoor season, so why not celebrate nature inside? House plants clean the air and have a positive effect on our mental and physical health – and even the fake ones look attractive.
 
While a statement plant like tropical monstera stands out against a white wall and perfectly complements natural fibres, you can pick up stylish rope-tied hanging pots and tumbling plants – real or fake – to spruce-up areas where floor space is at a premium.
 
Be bold
 
For an instant transformation, infuse neutral rooms with a splash of colour – perhaps to an accent wall. Primary colours are in style right now, so think deep blues, yellow and red. Colourful artwork and photography can also add interest if you want to avoid painting.
 
Patterns are popular too. Keep an eye out for summery prints for your cushions, curtains, rugs and sheets. Just don’t overdo the kitsch – simple is often best.
 
Get glamorous
 
Rose gold, brass and copper tones can bring a little sunshine into your home. Offset your current décor by introducing metallic accents to light fittings and shades, kitchen accessories or candleholders.
 
Strapped for cash? Try upcycling shabby furniture with gold leaf, or spray your picture frames or coffee tables for some extra glitz.
 
Stay cool
 
Sometimes, we may need to retreat from the warmer weather. Blue hues can soothe the mind, while furniture and décor that nods to a chic, bohemian or vintage vibe can have the same effect. Equally, natural materials and throws, blankets, and hand-woven rugs can soften the impact of the bright light outside.
 
If you are looking to sell your home this summer, why not start by booking your free no-obligation valuation.