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  • Despite negative headlines since late 2022, both the UK and Coventry property markets are holding steady. Nationally, property listings and sales in Q1 2025 are comparable to last year, showing resilience rather than collapse.

  • In Coventry, the "Bank of Mum and Dad" has funded over £19 million in deposits for first-time buyers in the past year, with parents contributing around £15,000 on average. While this support helps many, it also highlights growing inequality — those without family help struggle to buy.

    Despite this, options still exist through 95% mortgages, shared ownership, and government schemes. Renting is also becoming a valid lifestyle choice. The takeaway? Parental help is generous, but it’s a workaround — not a solution — to deeper housing issues.

  • The UK government is moving to replace leaseholds with commonhold for flats, aiming to phase out leaseholds for 4 million homes. Commonhold offers full ownership and more control but also brings challenges like collective management and financial risks. For Coventry leasehold owners, this means potential opportunities if properties are well-maintained, but they should stay informed as the market evolves and prepare for changes in buyer sentiment.

  • The process of buying or selling a home in England and Wales is notoriously slow, often taking an average of 118 days (nearly 17 weeks) to complete a sale, a significant increase from previous years. Key causes of delays include an outdated conveyancing process, overloaded solicitors, property chains, and changing market conditions. In Coventry, the average time to complete a sale is 123 days, with varying times depending on the property type (flats take the longest). To speed up the process, sellers can prepare documents upfront, choose a proactive solicitor, and consider alternative selling methods like auctions. While systemic reform is needed, taking a proactive approach can reduce delays and improve outcomes in the home buying and selling process.

  • The Coventry property market in 2025 is showing signs of stability. The proportion of properties marked "Sold STC" or "Under Offer" is currently at 47%, indicating a balanced market leaning slightly towards sellers. For sellers, pricing realistically and presenting homes well is key, as buyers now have more options. For buyers, there is more room for negotiation compared to the past few years, and getting mortgage pre-approval is crucial. Overall, while there’s still demand for desirable properties, the market is more stable, offering opportunities for those looking to buy or sell.

  • The UK housing market, particularly in Coventry, is showing signs of stability and growth in 2025 after a turbulent 2024. Factors such as easing economic uncertainty, improving confidence, and lower expected mortgage rates are contributing to this positive outlook. Despite an increase in the supply of homes for sale, demand remains strong, especially in affordable areas like Coventry. While some fluctuations in pricing are possible, overall market conditions are expected to remain robust, making it a favorable time for both buyers and sellers, though careful pricing remains important for homeowners.

  • Coventry's housing market has seen a notable 16.7% year-on-year increase in sales, with 516 homes sold in January 2025. This rise follows the Bank of England’s recent interest rate cut to 4.5%, which is expected to improve affordability and boost confidence in the property sector. Despite a slight rise in mortgage rates since mid-2024, demand remains strong, with house prices in Coventry also climbing. For sellers, strategic pricing and standout marketing are key, while buyers can benefit from more options and potentially lower prices in a competitive market. Economic factors like inflation and rate changes will continue to shape the market.

  • Selling a home in Coventry? Discover the average selling times for different property types, key factors affecting the sale timeline, and expert insights on maximising your home's appeal. Get professional advice from a trusted Coventry estate agent to ensure a smooth and successful property sale.

  • This article explores the average time Coventry properties spend on the market, comparing current trends to last year. It highlights key factors affecting property sales, such as pricing, presentation, and demand. Whether you're buying or selling, the article offers valuable insights and strategies to help you navigate Coventry's property market in 2025.

  • The UK is facing a housing crisis, with the government aiming to build 300,000 homes annually. However, challenges like planning delays, land availability, and local opposition have hindered progress. In Coventry, the shortage of new homes is impacting the property market, making it harder for buyers and renters to find affordable options.

  • This article highlights the strong growth of Coventry's property market over the past 14 years, with a 47% increase in total property value, reaching £30.6 billion. The average home price is £242,279, and different property types show varying values, with semi-detached and terraced houses contributing the most.

    Despite challenges like higher interest rates, the market remains resilient due to strong rental demand and a persistent undersupply of new homes. Coventry's growing appeal, bolstered by infrastructure investment, makes it a solid choice for homeowners, buyers, and landlords. The author encourages informed decision-making and offers guidance for those navigating the market.

  • In 2024, the UK property market saw a notable recovery, with 1.23 million homes sold, a 15.4% increase over 2023. Average property prices rose modestly by 1.84% to £361,529, and the price per square foot grew by 2.72%. Despite stable prices, the surge in transactions signals a healthy market, driven by falling mortgage rates, wage growth, low unemployment, and evolving post-pandemic housing preferences.

    Locally, Coventry mirrored the national trend, experiencing a 14.6% increase in property sales from 2023 to 2024. Average house prices rose slightly to £254,640, with the number of homes sold reaching 5,244. The market's strength lies in the volume of transactions rather than price changes, emphasizing the importance of local market dynamics.

    Looking ahead to 2025, Coventry's property market will remain influenced by local factors such as employment shifts, infrastructure projects, and regional policies. For homeowners and landlords, the key to success will be setting realistic prices, as properties that are appropriately priced sell faster and more successfully. With a keen understanding of local conditions, Coventry residents can make informed decisions to navigate the market and maximize opportunities in 2025.

  • The trend of smaller household sizes in Coventry and across the UK is a key driver for the property market's long-term stability and growth. Over the past century, the average household size has steadily declined—from 4.3 people in 1921 to just 2.36 in 2021. In Coventry, the average household size is slightly higher at 2.57, reflecting a national shift towards smaller living arrangements.

    This demographic change underpins a growing demand for housing, even if the population remains constant. For homeowners, this trend suggests sustained property value growth, while for buyers, it highlights the resilience of the market. In Coventry’s private rental sector, smaller households dominate, with over half of private rental properties occupied by one or two people. This creates significant opportunities for landlords to focus on smaller homes, which tend to offer higher rental yields and lower purchase prices.

    For landlords, investing in smaller properties, including one- and two-bedroom homes or bungalows, aligns with these demographic shifts. These properties appeal to a wide range of tenants, from young professionals to older individuals downsizing, ensuring stable occupancy rates and strong returns.

    For tailored advice on navigating Coventry’s evolving rental market, feel free to reach out for a no-obligation conversation.

  • The Coventry Baby Boomer Housing Paradox: Wealth in Property, But Nowhere to Go

    Coventry’s baby boomers hold significant equity in their homes, but downsizing to suitable, accessible properties has become nearly impossible. With bungalows and retirement-friendly homes in short supply and high demand, many find themselves stuck in family homes that no longer meet their needs.

    Proactive steps, like registering with local estate agents or exploring housing adaptations, can help navigate this challenge. The right home for your next chapter is out there—it just takes a fresh approach to find it.

  • UK property sales surged by 18% in 2024, with over 1 million homes sold STC by 22nd November, up from 855,083 in 2023. Average selling prices rose 11% to £362,017, driven by higher-value property sales, while the £/sq.ft increased modestly by 2.7%. All UK regions saw growth in sales, led by East Anglia (+22.2%) and the East Midlands (+21.5%). In Coventry, sales rose 16.3%, with average prices up 2.5% to £255,060 and £/sq.ft reaching £270. Buyers benefit from increased choice, while sellers must focus on competitive pricing and presentation to succeed.

  • Summary: Opportunities for Landlords as Older Adults Embrace Renting

    Recent data reveals a significant rise in older adults (aged 65+) renting privately across the UK, increasing by 52.8% over the last decade. In Coventry, 6.1% of older households (approximately 2,003 homes) are privately rented, reflecting a growing trend as retirees downsize or shift to renting for financial flexibility and lifestyle reasons.

  • This blog provides Coventry landlords with essential information on the eviction process for tenants who have stopped paying rent. It outlines the steps involved, including serving a Section 8 notice, court proceedings, bailiff enforcement, and associated costs. It also highlights changes proposed under the Renters' Rights Bill, which could extend the eviction timeline. Finally, it emphasizes the importance of rent protection insurance to safeguard landlords against financial risks.

  • If you're planning to sell a property in Coventry, expect the process to take around five to six months from listing to completion. Recent data shows that, on average, properties take 50 days to find a buyer and 122 days from instructing solicitors to final completion. The speed of sale varies by price range, with homes under £200k selling faster than those in higher price brackets.

  • Why Choosing the Right Letting Agent Matters: A Case Study from Court

  • Did you know that 1 in 8.6 Coventry homeowners reduce their asking price every month? With the number of Coventry homes for sale rising sharply in recent years, understanding how to strategically position your home is more crucial than ever. Discover the 6 key insights to decide if you need to reduce your asking price and sell faster.

  • The article draws a clever comparison between digital dating platforms like Tinder and Hinge and property websites like Rightmove and Zoopla, highlighting the similarities between the two worlds.

  • Despite overblown media reports of a wave of landlords selling up due to regulation changes and new government policies, property remains a viable long-term investment for many.

    For first-time landlords, however, common pitfalls can turn a promising venture into a stressful experience.

  • This article explores the resurgence of terraced houses in Coventry, highlighting their historical significance, affordability, and renewed appeal in today’s housing market. It delves into the reasons behind their comeback, including the preference for outdoor spaces, affordability, and freehold ownership benefits. The piece also discusses how terraced homes are being modernized through renovations, and how they continue to hold value for Coventry buyers.

  • The Coventry property market has experienced significant fluctuations from 2019 to mid-2024, impacted by key events such as the COVID-19 pandemic, government interventions like the stamp duty holiday, and the Truss Budget. Initially, the market was balanced with steady sales and stable home availability. However, the pandemic caused a brief drop in sales, followed by a surge in demand despite fewer properties being listed.

    From mid-2022 onward, the number of available homes began rising sharply, with supply surpassing demand, especially after January 2024, where available homes reached 2,748 by August. Although sales remained relatively stable, the growing supply has introduced a challenge for sellers. The percentage of sold properties relative to listings has fallen from the high 30% in 2020-2022 to the high-teens in 2024.

    For Coventry homeowners, competitive and realistic pricing is now critical. With increased competition among sellers, overpricing risks extended market time and the chance of sale fall-throughs. Strategic pricing based on market dynamics is key to securing a sale amidst the evolving landscape.

  • Renters’ Rights Act Update: What Coventry Landlords Need to Know

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  • The second quarter of 2024 has seen record-breaking activity in the UK property market. This article examines the surge in new listings and sales, with a particular focus on Coventry. We explore which price sectors are experiencing the most activity. If you're a homeowner or landlord in Coventry, this article provides the latest insights into our local property market.

  • What will the Coventry property market look like after the General Election? What will it mean for Coventry homeowners and landlords, especially those thinking of selling in the next 6 to 12 months? 

  • Discovering Coventry: Central Heating and Its Impact on Property Decisions

  • Lettings Market Update

  • Coventry Property Trends

  • Sustainability, cost-efficiency and energy performance ratings.

  • Average Rents 2024

  • Demographics of occupancy rates in Coventry

  • House Sales 2024 vs 2023

  • Coventry Property Market Review: The March 2024 Annual Update

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What our clients say about us:

"

Just sold my property on Daventry Road with the help of Payne Associates. The process was smooth and slick, sold twice within a week of being advertised and managed to achieve a higher price. The process was painless and the staff kept me informed along the way....
Jan OHara

"

I purchased a house through Paynes (Daventry office) last October and was really impressed with how they handled the entire process. I'd had a terrible experience with another estate agent months earlier. It was me vs the estate agent! They were pushy, unhelpful and made the whole process...
Caroline Finn

"

Stress free rental of my property, and then a stress free sale. Rating as 5 stars because I was living out of the country and always felt like they had everything perfectly managed.
Lucia Harris

"

The property was first rented, then sold through Paynes. Both processes were handled professionally and with the minimum of stress to us. All of the associates that we dealt with made everything proceed smoothly and kept us informed of developments. Thank you especially to Daniel Little,...
Sandy Taylor

"

I viewed several properties for sale with Payne Daventry Road. They were always helpful and on time for the viewings. All people I spoke to were knowledgeable of the local area. I was also impressed with the proactive way they contacted me as a prospective buyer with news of new properties on...
Dan Catchpole

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