Levenshulme and Burnage Property News

As we approach Christmas, 61% of respondents say "Ho-Ho-No!" to any refurbishments or fixer-uppers, wanting to move in hassle free in the countdown to Christmas.

Over a quarter said homes in need of refurbishment are most sought after, on average a merry 8% cheaper than ...

According to The Property Academy Renter Survey 2023, over a third of renters rent because they don’t have the deposit to buy a home.

However not everyone wants to buy. A substantial 27% of renters were renting out of choice over necessity, with 37% of ...

Against a backdrop of housing undersupply, some areas are rocketing up in their new building development.

Newham, undergoing regeneration, leads the rankings with 2,080 dwellings started in 2022–2023 and 1,490 completed in the same time frame.

Cornwall and Wiltshire were next, with a dazzling 2,040 ...

Almost one in six rental transactions in 2023 have been agreed at above the asking rent, compared to less than one in 15 in 2019, according to new analysis from Dataloft.

The situation is most marked in London, where 30% of rentals agreed this year ...

The cast of Friends were role models for a generation, living the dream in a shared apartment. There are over half a million 'Homes in Multiple Occupation' (HMOs) in England and Wales and they play a key role in keeping costs down for many renters....

For buyers in the market now, the 'move in for Christmas' date is fast approaching.

Properties are selling quicker than pre-pandemic, with an average of 55 days to secure a buyer, down from 62 in July 2019.

However, the time taken to complete a sale ...

Despite heartbreak in the World Cup final, the Lionesses are inspiring a new generation of sportswomen. In England alone, the EURO 2022 legacy created over 416,000 new opportunities to engage women and girls in grassroots football activities across schools, clubs and the community.

Since the ...

To buy a home in the UK, first-time buyers have an average deposit of between £26,400 and £144,500.

The average deposit paid by a first-time buyer in the UK is 24% of the purchase price (UK Finance), with many putting down a larger deposit down ...

Swap rates give us a good indication of changes to come in mortgage costs – reflecting the cost of borrowing for lenders.

The 5-year swap rates had settled to around 4% for much of the first half of the year but from May it trended ...

The 136th Wimbledon Championship is underway. The All England Club is set to host around 800 players, 679 matches and over half a million spectators before its conclusion on Sunday 16th July.

Each year at the Championships around £500,000 is spent by spectators tucking into ...

More than 75% of agents state that properties are selling at a reduction on the initial asking price according to the latest poll of Dataloft Inform subscribers.

With property price growth softening, realistic pricing is paramount to sales success, with many vendors seemingly overly optimistic ...

5.5 million households are currently living in their first-time buyer home, the equivalent of over 35% of all owner occupiers.

36% of first-time buyer households are single person households. Over 60% are couples with or without dependent children. One in five of those who live ...

Please see latest updates of both the residential sales and lettings markets.

If you have any questions relating to how both the sale and lettings markets then please don't hesitate to contact me on 0161 257 2441.

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Renter affordability is becoming increasingly stretched as growth in private rental prices continues. On average renters now pay 26.8% of their gross income on rent, compared to 25.7% three years ago.

Annual rental growth in the UK was 9.8% in the year to March, based ...

Official data indicates sales volumes in February were 4% lower than January, while mortgage approvals for the month were 10% higher, the most significant uptick at this time of year since 2011.

In the 5 years prior to the pandemic, mortgage approvals in February were ...

With price sensitivity increasingly evident in the property market, understanding local market conditions and pricing realistically are essential to achieve a sale. Zoopla report that while 59% of listings in February had no price reduction, four in ten did.

8–14 days is the optimum listing ...

The 2021 census reports that just over 1 million more households live in accommodation classed as being under occupied than in 2011. This is 69% of households.

An under-occupied household is classed as a household with more bedrooms than required. Conversely, the number of over-occupied ...

Buying a home is like falling in love. You can expect to go through the same ups and downs, emotional tugs and pulls, and even similar stages.

The one that got away? Don't panic, there are plenty more fish in the sea! 2023 is predicted ...