Levenshulme Property News

  • Priorities change for renters

    TomS - Head Tom Simper Oct 19, 2020, 11:00 AM

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    Priorities have changed for over a quarter of tenants following the pandemic, according to The Property Academy Tenant Survey 2020.

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    The Survey, based on 14,000 tenants, found that over two thirds of tenants said affordability (68%) and a garden (67%) had become more important than ...

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  • Stamp duty holiday deadline

    TomS - Head Tom Simper Oct 7, 2020, 15:00 PM
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    With just under 26 weeks of the stamp duty holiday left, even with homes selling 31% faster than before lockdown, sellers only have 10 weeks to list their properties if they want to complete in time.

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    According to The Advisory, the average time to sell ...

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  • Post-lockdown mini boom pushes house price growth to highest level in over two years

    TomS - Head Tom Simper Sep 25, 2020, 10:00 AM
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    The latest ONS data shows that UK house prices have increased by 3.4% to £237,834 in the year to June 2020. The mini post lockdown boom pushes house price growth to the highest level since March 2018.

    House prices in East Midlands saw the largest ...

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  • Which buyers are causing the spike in housing market activity?

    TomS - Head Tom Simper Sep 14, 2020, 09:15 AM

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    July's mortgage data confirms a spike in housing market activity. Mortgage approvals are almost back to 'normal' levels, however newly agreed sales are much higher, suggesting a surge in cash buyers.

    66,281 mortgages were approved in July, -0.9% annual decrease. 70,700 sales completed in July, ...

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  • South facing gardens sell faster and for a premium

    TomS - Head Tom Simper Aug 31, 2020, 09:30 AM

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    A recent study revealed that homes with a south facing garden achieve a 7% asking price premium and on average sell 2 days faster.


    Three and four bed properties with south facing gardens were compared to non-south facing properties, for asking price and time to ...

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  • Stamp duty holiday deadline update

    TomS - Head Tom Simper Aug 19, 2020, 17:30 PM

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    With just over 32 weeks of the stamp duty holiday left, and with the average property taking 18 weeks to sell, vendors have 14 weeks to list their properties if they want to make the most of the stamp duty holiday.


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    According to The Advisory, ...

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  • Three signs we are on the road to recovery

    TomS - Head Tom Simper Aug 14, 2020, 10:30 AM
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    Transactions have increased, mortgage approvals are up and house price growth looks strong. With the stamp duty holiday creating increased demand, we expect this positive trend to continue.


    Nationwide house price index showed an annual increase of 1.5% in July. This follows some cautious June ...

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  • Saving time and money working from home

    TomS - Head Tom Simper Aug 4, 2020, 11:00 AM
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    During lockdown it was reported that 60% of the workforce were working from home. With the average daily commute in the UK 59 minutes and an average worker spending £45 per week, a lot of time and money has been saved in lockdown.


    If the ...

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  • Busiest time for rental market

    TomS - Head Tom Simper Jul 21, 2020, 12:00 PM
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    The rental market is about to enter its busiest time of the year. Analysis from Dataloft Rental Market Analytics reveals that 40% of tenancies are set to expire in July, August and September.


    Usually the surge in activity is a combination of students seeking accommodation, ...

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  • Stamp Duty Holiday - What Does it Mean for You?

    TomS - Head Tom Simper Jul 10, 2020, 12:30 PM

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    The Chancellor announced a stamp duty holiday from July 8th to 31st March 2021. Buyers of main homes will only pay stamp duty if the price is over £500,000. Investors will just pay the 3% surcharge.


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    Home movers and investors benefit most. A main ...

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  • Staycations are on the rise

    TomS - Head Tom Simper Jul 3, 2020, 13:30 PM

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    Currently only 31% of Britons' second homes are purchased in the UK. With staycations on the rise, accelerated by Covid-19, could we see an increase in holiday homes purchased in the UK?


    Pre Covid-19, the number of people holidaying abroad was slowing. In 2019 there ...

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  • Father's day: no place like home

    TomS - Head Tom Simper Jun 21, 2020, 10:00 AM
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    Today is Father's Day.. Many will be looking forward to a socially distanced meet up, but with more than a quarter of young adults still living with parents, there is no need.


    In the UK, 3.5 million young adults, aged between 20 and 34, live ...

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  • Covid-19 Homemover initial views

    TomS - Head Tom Simper Jun 12, 2020, 10:30 AM

    Dataloft Homemover Survey gauged the initial views from potential buyers and seller following the re-opening of the housing market.

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    95% of vendors still intend to sell with a large proportion prepared to make the step as soon as possible or at least within a few ...

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  • Greener, Safer Transport

    TomS - Head Tom Simper May 30, 2020, 09:15 AM
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    The government has announced investment of £250 million into greener transport. Encouraging pop-up cycle lanes, wider pavements, safer junctions, school streets and bus only corridors.

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    Since lockdown, the number of people on bikes has grown by 70% and interest in bikes has increased by 118%. ...

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  • How resilient are UK rental markets to Covid-19?

    TomS - Head Tom Simper May 22, 2020, 18:30 PM
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    Real Rental Affordability (RRAff) is our measure of assessing renters' spending power in a local market. Our calculation compares individual gross incomes to the rent that they are responsible for paying.

    The average renter spends 27% of their income on rent in England and Wales. ...

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  • The usual housing market rules are starting to bend

    TomS - Head Tom Simper May 15, 2020, 09:30 AM


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    Sellers would usually be reluctant to leave their properties on the market too long. However, at the moment the majority of vendors are continuing to market their homes, despite little likelihood of a sale, in the hope that armchair purchasers are spending lockdown browsing the ...

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  • Board Games For New Times

    David1 - Head (2) (2) David Boyd Apr 24, 2020, 09:35 AM

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    • Self-distancing has meant many of the UK’s 27.8 million households and 19.2 million families will have spent more time playing games.
    • 85 years old this year, Monopoly takes 2 spots in the top 5 Amazon best seller board game list. Back in 1935 the ...
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  • Homes with gardens fetch a premium

    TomS - Head Tom Simper Apr 3, 2020, 08:00 AM

     Our-own-outdoors

     

    • ‘Garden' was the second most popular search term for prospective purchasers across the UK in 2019 according to research by Zoopla, with other amenities such as ‘garage’ and ‘parking’ also among the top three.
    • It is estimated around 90% of UK households have ...
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  • COVID19 and M19 Property Market

    TomS - Head Tom Simper Mar 25, 2020, 15:35 PM

    I have been asked a lot over the last couple of weeks what effect COVID19 is going to have on the local housing market? I wish I knew the answer to that question, but at the moment we are taking things day-by-day and trying to adapt!

    What ...

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  • Women in the workforce

    TomS - Head Tom Simper Mar 19, 2020, 00:00 AM
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    1.1 million more women are in work today than five years ago, with women aged 25 to 64 years the main drivers of increases in employment over the past five years, according to data released by the Office for National Statistics.

    Five years ago nearly ...

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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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