Manchester Property News
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New Year, New Home
As we enter the new year, many will be seeking a fresh start and making plans to move.
However, with a significant mismatch between the length of time home movers expect a property should take to sell and the reality, its important to align expectations....
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Average length of tenure for renters
The current average length of tenure for private renters in their current home is 4.6 years. This has been creeping upwards, going back 10–15 years then the average was in the range 3.5 to 3.8 years.
Previous English Housing Survey data has shown us the ...
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Slowing pipeline: new home approvals hit a decade low
The latest Home Builders Federation’s Housing Pipeline Report has found that the number of units and sites gaining planning approval have continued to drop for yet another quarter.
Just over 230,000 units were granted planning permission over the last 12 months, the lowest figure in ...
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Inflation and interest rates: big improvement from a year ago
The Bank of England cut rates to 4.75%, a welcome further boost to sentiment for the housing market.
640,000 mortgage holders on trackers will feel the immediate boost to their finances and an additional 770,000 on a standard variable rate should see at least some ...
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Pick of the crop: more homes for sale
The number of available homes for sale per estate agent has reached its highest level since 2014 and 12% higher year-on-year, giving buyers the pick of the crop.
Despite strong housing market activity, the number of new properties hitting the market and the time they ...
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Quarterly barometer
This quarterly Opinion Poll tracks sentiment in the housing market, based on the experience of estate agents across the UK.
With mortgage rates falling and markets expecting another interest rate cut in November, 61% of agents say buyer confidence is significantly or slightly improved compared ...
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Students dominate the September rental market
As a new academic year gets underway, young people across the country are busy leaving the family home and moving to new cities.
HESA (Higher Eduation Statistics Agency) estimates 2.9 million students were in higher education in 2022/23, 22% more than 5 years before.
A ...
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1 in 10 home buyers rely on help from family and friends
High mortgage rates and rising prices have led more buyers to seek alternative financial support to enter the market or move up the housing ladder.
The latest Survey of English Housing shows that in 2022/23, 1 in 10 homeowners relied on financial help from friends ...
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The path to growth
The government has committed to economic growth as its top political priority and it has placed housing delivery at the heart of its growth strategy.
Economic growth is hard to achieve without significant population growth, particularly in the working age population, so new figures released ...
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Market Outlook: Sales: Price stability offers certainty to buyers
Political stability is a welcome boost for housing market sentiment. So too is the new government’s pro-growth agenda and ambitious targets for housebuilding.
Improved sentiment was reflected immediately in housebuilder share prices which rose as the election result was announced.
The recovery in the sales ...
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More homes promised
A critical lack of undersupply is a well acknowledged characteristic of the housing market in this country. Previous governments have pledged to build more; but planning and financial obstacles have often got in the way.
Labour have pledged to build 1.5 million homes in their ...
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Summer solstice
The summer solstice marks the longest day of the year and is celebrated around the world. This year, in the northern hemisphere, it will fall on the 20th June at 21: 51 BST.
The longest day has 16 hours and 38 minutes of daylight, almost ...
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Quarterly barometer
This quarterly Opinion Poll tracks sentiment in the housing market, based on the experience of estate agents across the UK.
With inflation falling to just 2.3% and the base rate widely expected to be cut soon, 64% of agents say buyer confidence is significantly or ...
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Fairer private renting
The Renters (Reform) Bill is one of the most significant pieces of legislation for private renters and landlords in the past 30 years. At the end of April, it went through its third reading in the House of Commons.
The government has said it will ...
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Market outlook: further evidence of sales recovery taking hold
At the beginning of the year, the recovery in the sales market was tentatively taking hold. Four months later, that recovery has solidified further.
Prices have stabilised and leading indicators for transaction activity show promising signs. Mortgage approvals in February were their highest in 17 ...
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Market outlook: Mortgage approvals improving
February 2024 mortgage approvals levels were 40% above their level in February 2023.
A year ago mortgage approvals hit their lowest levels (39,900) since the Global Financial Crisis (with the exception of Covid). Latest data shows that has recovered to 60,400, in line with the ...
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6 Tips for Keeping Your Tenants Happy
When it comes to property management, one of the most crucial aspects is maintaining positive relationships with tenants. Happy tenants are more likely to stay longer, pay rent on time, and take better care of the property. To achieve this harmony, landlords must understand tenant ... -
Window of opportunity for buyers
The average price of a property coming to market has risen by 1.5%, compared to a historic average uplift of 1% for March and taking it to £368,118 (+£5,279).
This marks the third consecutive monthly price rise and is the largest uptick in 10 months, ...
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The rise in female UHNWIs
International Women's Day, celebrated annually on the 8th of March, is a global day celebrating the social, economic, cultural, and political achievements of women.
Women make up around 11% of the world's Ultra-High Net Worth Individuals (UHNWIs), defined as those with a net worth of ...
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Inheriting a Property: Everything you Need to Know
Inheriting a property can be a bittersweet experience, often weighted with emotional and financial complexities. While it may bring comfort and stability, it also comes with a whole host of legal and financial considerations. As experienced estate agents, here at Peter Anthony, we we’ve ...
About The Blog
This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
Manchester is one of the fastest growing markets in the country. If you need any assistance buying, selling or letting properties in the area we have over 30 years of experience and local knowledge to help.
T: 0161 441 0563
E: [email protected]