Latest News
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☀️ Red Squirrel Supports Sun Safety at UKSA ☀️
At Red Squirrel Property Shop, we are passionate about supporting our local community and,
we are proud to have played a part in protecting young people this summer through our sponsorship of UKSA’s Sun Safety Pledge.
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The UK Rental Market: Cooling, But Still Moving
The UK rental market is active again though the heat has cooled. Rents are still on the rise, but growth has slowed to its most modest pace in years. At the same time, rental supply is starting to recover. For landlords, this signals a shift: while demand remains high, margins are tighter, tenants expect more, and the days of simply listing a property and waiting are over.
Below shows the data from previous portfolio's:
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Red Squirrel Wins Social Impact Award at Chamber Business Awards
We are thrilled to share that Red Squirrel has been awarded the Social Impact Award at the Chamber Business Awards, held on Friday, 9th May at the iconic Cowes Yacht Haven.
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ߏ᠕K & Isle of Wight Property Market Update – May 2025
From the team at Red Squirrel Property Shop
If you’re active in the Isle of Wight property market—or just watching closely—you’ve probably noticed: the market is shifting again. But this isn’t the chaos some headlines would have you believe.
Right now, it’s not about panic. It’s about preparation.
Here’s a no-nonsense look at what’s really happening in the UK and local property market, what it means for buyers, sellers and investors on the Island, and where we see the opportunities in 2025.
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Breaking Into the Housing Market: A Guide for First-Time Buyers
Buying your first home is one of the most exciting however scary things you will ever do In your life.
It comes with a lot of decision making and financial decisions however with the right information and mindset, you can navigate the process confidently and find a place you’ll be proud to call home.
Whether you're just starting to browse listings or seriously considering a down payment, this guide will walk you through the key steps of the home-buying journey.
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Discover Spring on the Isle of Wight
The Isle of Wight, just a short ferry ride from the mainland, is a treasure trove of natural beauty, historic landmarks, and charming villages.
While it’s an incredible place to visit year-round, there’s something truly magical about spring on the island.
As the days are getting lighter Spring is the best time to explore the islands beautiful landmarks and attractions. It is also a great time to view properties if you are on the hunt for a property on the Isle of wight.
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Summary
- UK rental inflation slows to +6.6%
- London leads the slowdown with rents up 3.7% over last 12 months
- Rental still +2x pre-pandemic
- Supply of homes for rent up 18% but still 1/3 below pre-pandemic
- Rents have fallen in some major cities over last quarter
- Rental growth in most affordable areas of the UK
- Rents continue to outperform wage increases
- Supply/demand imbalance will continue
- Will politics affect the rental market?
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Moving to the Isle of Wight? Here your top tips on discovering its beauty & what to consider
Discover on the south coast of England, the Isle of Wight boasts stunning natural beauty, rich history, and a relaxed island lifestyle that attracts visitors and residents alike. If you're considering a move to the Isle of Wight, we have the best tips and information for you.
In this blog, we’ll explore the reasons why you might want to make the move and offer insights into things to consider when relocating to this beautiful island.
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Summary
- House price inflation down -1.1%, compared to +7.2% a year ago
- New house sales agreed up 17% year-on-year
- House price falls levelled out as sales improve
- Mortgage regulations a key element to support modest price falls in 2023
- First-time buyers are largest group of would-be movers in next 2 years (40%) followed by people up-sizing (34%)
- Almost half of buyers living in southern England (24% of total buyers) looking to move to find better value for money
- Property prices to fall around 2% during 2024
- On track of 1m completed sales in 2024
- 8.8% average mortgage stress test for new borrowers
- Still 10%+ overvalued market
Q4 2023 sales performed well, including prices falling
The final weeks of 2023 recorded 17% higher sales than a year ago, also ahead of 2019 levels. Due to rising incomes and lower mortgage rates, along with an increase in supply boosting choice and supporting sales. It’s clear that buyers and sellers are more aligned on pricing now, which has reduced the downward pressure on values. As of December 2023 the price decline was -1.1%, which is down from +7.2% a year ago.
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Due to the cost-of-living crisis people this winter are struggling to spend large amounts on electricity and gas bills in their own homes, especially with the drop in temperature in the last month! Here are some simple tips which could help you save money and trim your bills.
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Red Squirrel Property Shop have been listed in the top 20% of ALL letting agents in the Uk
The best estate agent guide compares letting agents based on their performance on the things that matter most. It provides an independent and trustworthy source of information to help sellers and landlords find the best agents in their area.
