Levenshulme and Burnage Property News

  • Mortgage approvals rocketing up

    TomS - Head Tom Simper Nov 6, 2024, 12:00 PM

    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 ...

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  • Better inflation data gives Bank of England more scope to cut interest rates

    TomS - Head Tom Simper Oct 21, 2024, 14:00 PM

    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’ ...

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  • Who are the next generation of Portfolio Landlords?

    TomS - Head Tom Simper Oct 2, 2024, 11:30 AM

    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 ...

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  • Easing earnings growth points to slower rental growth

    TomS - Head Tom Simper Sep 16, 2024, 13:00 PM

    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 ...

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  • Second homes

    TomS - Head Tom Simper Aug 27, 2024, 11:00 AM

    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 ...

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  • Post-election honeymoon period

    TomS - Head Tom Simper Jul 24, 2024, 15:00 PM

    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 ...

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  • Market outlook: rents

    TomS - Head Tom Simper Jul 24, 2024, 12:00 PM

    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 ...

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  • Anyone for tennis?

    TomS - Head Tom Simper Jul 2, 2024, 10:00 AM

    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 ...

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  • Britain's renters

    TomS - Head Tom Simper Jun 14, 2024, 10:00 AM

    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 ...

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  • Detached homes lead the way

    TomS - Head Tom Simper May 28, 2024, 10:00 AM

    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 ...

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  • The impact of an election on house prices

    TomS - Head Tom Simper May 14, 2024, 12:00 PM

    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 ...

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  • Reeling in a rental home

    TomS - Head Tom Simper Apr 25, 2024, 12:00 PM

    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 ...

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  • Growth in homes for sale boosts buyer choice

    TomS - Head Tom Simper Apr 2, 2024, 12:30 PM

    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 ...

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  • Market outlook – RICS survey results

    TomS - Head Tom Simper Mar 15, 2024, 12:00 PM

    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 ...

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  • Maximising first-time buyer purchasing power

    TomS - Head Tom Simper Mar 1, 2024, 11:00 AM

    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 ...

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  • Value hotspots

    TomS - Head Tom Simper Feb 13, 2024, 12:00 PM

     

    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 ...

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  • New home building beginning to slow

    TomS - Head Tom Simper Jan 29, 2024, 13:00 PM

    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 ...

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  • Going solo: the changing demand for detached homes

    TomS - Head Tom Simper Jan 11, 2024, 12:00 PM

    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 ...

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  • Days of Christmas | When Santa got stuck ...

    TomS - Head Tom Simper Dec 21, 2023, 13:30 PM

    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 ...

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  • Days of Christmas | Christmas no 1

    TomS - Head Tom Simper Dec 13, 2023, 10:30 AM

    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 ...

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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

TomS - Head











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