Levenshulme and Burnage Property News

Remember remember this November, the housing market is still ablaze with activity from igniting buyer interest.

Mortgage approvals rocketed up to 65,647 in September, reaching heights not seen since August 2022. This marks the fourth consecutive monthly increase, with rates a dazzling 49% over last ...

New inflation data showed the current rate is 1.7% (on the CPI measure). Inflation being back under target gives the Bank of England more scope on interest rates.

There are some elements that are still causing concern. The part of inflation that is proving ‘sticky’ ...

Residential property has long been the investment choice for many in the UK, but as original buy-to-let landlords near retirement, a new generation must step up to meet the future demand for rental homes.

The average age of an 'aspirational portfolio landlord' (landlords with between ...

There is a very strong relationship between earnings growth and rental growth. Over the long-term the two move very much in tandem.

Latest earnings data released this week showed a lower growth rate (annual average growth of 4.4%). The first time earnings growth has been ...

Households in England own 4.3 million second homes, according to the 2022/23 English Housing Survey, up from 3.3 million a year earlier. Second properties can be owned or rented.

The greatest increase has been in those rented out which form the majority of second homes ...

As the Starmers settle into Downing Street, homeowners across the nation might now being reconsidering their plans for moving house.

The lead up to a General Election typically creates uncertainty and a slowdown in the housing market. This year was no exception – although the ...

Rental growth has been high in recent years, but the pace is now slowing. Leading indicators are starting to show slowdown in tenant demand and an improvement in supply.

UK annual rental growth is currently at 5.2%, however this has almost halved from 10.3% in ...

As the 137th Wimbledon Championship gets underway, those inspired to recreate their favourite match moments at home will find a choice of 1,050 homes currently available to buy across the country which come complete with their own tennis court.

With a median price tag of ...

The private rental sector now provides homes for 20% of all UK households, (30% in London), and it is growing year by year. As more people settle for longer in a rental home, the range of job roles has expanded too, as is clear from ...

House prices rose by 1.8% in the year to March. House prices grew by 1.8% in the year to March, back in positive territory for the first time since last August – and stronger than at any time since April 2023.

Detached homes led the ...

With an upcoming election, we examined the impact of the past six elections on prices in the housing market.

The average price growth in the three months leading up to an election was 2.2%, whilst the three months following showed similar growth at 2.1%.

Price ...

65% of properties placed on the rental market are being snapped up by renters within a week of being listed, with 15% being let within just three days, according to the latest Dataloft poll of subscribers.

The proportion let in a week or less has ...

There are a fifth (20%) more homes available for sale compared to the same time last year, boosting buyer choice.

Encouraged by the usual spring bounce and a 9% annual increase in property sales, more people are putting their home on the market.

61% of ...

With interest rates peaking and a lower inflation rate, there have been more reasons for cautious optimism in the market outlook.

There are a number of leading indicators we can look to on how the market is faring. One of these is the Royal Institution ...

Stamp Duty Land Tax has hit the headlines again recently with Rightmove urging the Chancellor of the Exchequer to reform Stamp Duty in the Spring Budget. There is a Stamp Duty threshold of £250,000 in England (£425,000 for first-time buyers) and £225,000 in Wales (Land ...

The number of first-time buyers in 2023 fell by 21% compared with the year earlier, to 293,339. This would be due in part to rising affordability pressures.

Focussing on an area can highlight local value hotspots. The BD1 postcode in Bradford offers an average ...

In 2023 there were close to 240,000 new build completions, showing that new build supply held up relatively well, albeit short of the government’s 300k target. With the exception of Covid, it has been above 240,000 since 2018.

In a slower sales market, we would ...

The latest data shows over 900,000 property transactions across England and Wales took place in the last 12 months. Terraced houses continue to have the highest volume of sales but 2023 has seen a sudden change for detached and semi-detached houses.

12 months ago, semi-detached ...

Father Christmas has a huge workload! With 8.2 million households in the UK with dependent children, he has to visit 325 households per second during the night of Christmas Eve.

Despite the workload, it is a less precarious task nowadays. The recent census shows us ...

LadBaby has been the UK Christmas number 1 single for the past five years, with hits: 'Food Aid’, 'Sausage Rolls for Everyone’, 'Don’t Stop Me Eatin', 'I Love Sausage Rolls' and 'We Built This City’.

The last time someone else held the top spot was ...