Industry activity improves as house prices rise

April saw a 1.1% increase in home prices over the same month last year

According to data from April, the average property price increased from £288,430 to £288,949 in only one month. The monthly price increase is 0.1%, whereas the quarterly change is 0.8%.

In April, UK property prices only increased by +0.1% (less than £200 in cash terms) on a monthly basis. Though this might be attributable to the base impact of weaker price growth around this time last year, annual growth increased to +1.1% from +0.4% in March.

Currently, the typical property costs £288,949, down from £287,244 at the beginning of the year. The truth is that average home prices have essentially plateaued in the early months of 2024, despite the fact that monthly price fluctuations are always being watched and some volatility is to be expected given the state of the market.

This is indicative of a home market that is still adjusting to increased mortgage rates. Homebuyers are becoming more confident as a result of a period of relative stability, even if borrowing costs are still higher than they were a few years ago. Greater numbers of mortgage applications this year indicate that activity and demand are growing, and at the industry level, mortgage approvals have reached their highest point in 18 months.

According to our most recent study, purchasers are also lowering their expectations; first-time buyers, in particular, are doing this to offset rising borrowing costs by choosing smaller residences. The value of flats increased the most in the first few months of this year, closing the "growth gap" on larger properties that had been present for the majority of the previous four years. This is reflected in the pricing of property.

#property #houseprices #mortgages ...

Local music events near Rugby

Music is the food of love, so feast your ears on some live sounds taking place in your local area in the coming weeks

Attending a live gig can be one of the most rewarding and joyful things in life. Live music is a great way to bring people together, as it’s that shared feeling of elation and spiritual connection that provides like no other art form does. We’ve found what we think are the best local music-related events taking place in your local area in the not-too-distant future.

East Warwickshire Music Centre Concert
From Eventbrite:
East Warwickshire Music Centre Concert.
Location:
Town Church Rugby St Andrews, Church Street Rugby CV21 3PT
Date and time:
Starts on Thu, 27 Jun 2024 16:30 BST
https://www.eventbrite.co.uk/e/east-warwickshire-music-centre-concert-tickets-883217777147?aff=ebdssbdestsearch

SongFest 2024
From Eventbrite:
SongFest 2024 is a boutique, indoor (mudless), micro-music festival celebrating really good songs and the folks who make ‘em.
Location:
Draycote Hotel, London Road Rugby CV23 9LF
Date and time:
August 17 · 1pm - August 18 · 11pm GMT+1
https://www.eventbrite.co.uk/e/songfest-2024-sat-sun-17-18-aug-rugby-tickets-742411612117?aff=ebdssbdestsearch&keep_tld=1

#property #livemusic #rugby ...

Enjoying World Laughter Day during bank holiday weekend

Spending quality time with loved ones and sharing laughter this bank holiday weekend can strengthen bonds and create cherished memories

Game Night Galore
Come together to enjoy an evening of card games, board games, or charades. Enjoy the amusing moments and friendly rivalry that will arise as you deceive, bluff, or play out hints.

Cooking Comedy Show
Organise a culinary contest where participants must make a meal from scratch or using absurd items. The subsequent culinary experiments and disasters in the kitchen are certain to make people chuckle.

DIY Photo Booth
Create a background, get some amusing items, and snap amusing group pictures in your very own homemade photo booth. To capture the moment, experiment with goofy positions and emotions.

Outdoor Adventure Antics
For a day full of laughing and pleasure, head outside. The fresh air and shared experiences, whether it`s a picnic in the park, a trip through the countryside, or a game of frisbee at the beach, will make you happy and giggle.

Karaoke Chaos
At a karaoke night, embrace your inner goddess and sing your hearts out. It`s all about having fun together, whether you`re belting out the high notes or comically mispronouncing the words.

Crafty Comedy Corner
Participate in a group art project or do a do-it-yourself project. Enjoy the laughter that arises from trying out new creative endeavours, whether it`s painting, ceramics, or crafting.

Storytelling Shenanigans
As a group, sit in a circle and take turns telling a story. Watch as the tale takes unexpected turns and culminates in laughter-filled storytelling sessions as each member contributes a line or two.

#property #worldlaughterday #bankholidaymonday ...