Levenshulme Property News

September 2021 was the third busiest month for property sales across the UK since records began in 2005 (HMRC).

It is estimated close to 161,000 sales took place, compared to 199,000 in June 2021 and nearly 177,000 in March 2016 prior to the 3% SDLT ...

Rental properties are finding a tenant quicker than ever before, with it on average taking 21 days to find a new renter.

The RICS residential survey reports accelerating tenant demand, as a net balance of +66% of survey participants reported a pick-up in August, increasing ...

The property market continues to ride the wave as we head into autumn. Buyer demand per property is more than double pre-pandemic levels (Rightmove).

Rightmove report a 14% increase in new listings at the start of September*, but the number of available properties for sale ...

Term starts this week for many of the nearly 8.8 million school children across England and Wales. School catchments play an important role for many when choosing a home.

Across England and Wales nearly 4.3 million homes (17%) have an OFSTED rated Outstanding as their ...

All regions in the UK saw an annual increase in monthly rent in July. The South West experienced the biggest increase (12.9%), followed by Wales (11.8%) and the East Midlands (10.8%).

According to the RICS residential survey, tenant demand rose for a fifth straight quarter, ...

The 134th Wimbledon Championships is underway, a suite of new champions set to be crowned in a glorious weekend of sporting action.

While the average price of a property across England and Wales has risen by 10% since 2019, at £35 million the total prize ...

Euro 2020 is underway, the home nations experiencing mixed fortunes in their first matches. The most valuable team in the competition is England, the 26 man squad the equivalent in price terms to over 4188 homes.

Each player in the England squad is worth an ...

Renters stay, on average, 18 months in their rental homes, 6 months longer than the average length of lease that they sign up for (12 months).

Older renters are likely to stay in their rental homes for longer and there is a steady upward trend ...

Almost half (45%) of UK homeowners undervalue their home, according to new research by Zoopla. On average homes are undervalued by just over £46,000.

In comparison, 1 in 4 homeowners believe their property is worth more, one in 10 of these predicting it was worth ...

First-time buyers and current homeowners in England will be helped to secure a mortgage with just a 5% deposit under the new government-backed mortgage scheme launched this week.

First announced in the Budget, the scheme will be available for the purchase of new and re-sale ...

As we enter spring, the average UK house price is £232,134, up 6% on March 2020. Transactions are 49% higher than last year, reflecting a surge in sales agreed in summer and the rush to beat the SDLT holiday.

House price growth in March slowed ...

The Dataloft Demand Index shows a 36% increase in housing market demand since the start of 2021 with the traditional Spring market set to be busier than ever.

Demand rose 13% between February and March, with Rightmove reporting sales in the first week of March ...

An estimated 121,640 transactions completed in January, the highest January total since 2007 and a 24.1% increase on 2020, as the surge in property sales continues.

Excluding 2020, current monthly sales volumes are 21% above the 5-year and 32% above the 10-year average, with predictions ...

The Dataloft Demand Index shows a 21% increase in housing market demand since the start of 2021. More people than ever are using the new year as a chance to think about moving house.

According to Rightmove, the number of prospective buyers contacting agents in ...

First-time buyer purchases fell by -13% in 2020, the result of a closed housing market in spring and stricter mortgage lending. First-time buyer transactions recovered in the second half of the year, down just -2% on the same period in 2019.

The average price paid ...

Research shows that homes listed as having a coveted sea view command a premium of 31% across Great Britain.

The average asking price of homes with a sea view is £368,278 compared to £282,218 for those without.

Demand for homes with a sea view increased ...

One of the things I always love about this time of the year is the property market predictions for 2021.

The leading commentators bring out their crystal balls and consult their tea leaves. Normally they are quite accurate, although I don’t think any of them ...

The latest ONS data shows that UK house prices have increased by 5.4% to £245,443 in the year to October 2020. The surge in sales agreed over summer has pushed house price growth to the highest level in 4 years.

House prices in the East ...