Levenshulme and Burnage Property News

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 ...

Three quarters of UK pet owners treat their pets to a Christmas present, on average spending £25. With 51 million pets in the UK, the total spend could be as high as £956 million, the cost of 3,911 houses in the UK. Source: Dataloft, Cox ...

On average the UK public spend £382 on Christmas presents, this is almost equal to two weeks’ rent (£387) in England and Wales, excluding London.

Demand levels and sales activity remain buoyant in the UK housing market. Rightmove report agreed sales were up 50% in October, with properties selling (sold SSTC), in just 49 days, 15 days faster than a year ago.

Buyer demand across England was 49% higher year-on-year ...

According to The Property Academy Tenant Survey 2020, just over half of tenants rent because they can’t afford to buy and almost half rent to suit their lifestyle.

Stepping onto the property ladder is hard and Covid-19 has added to this with stricter lending criteria. ...

It's Halloween this week and we are all in need of something to lift our spirits. Dataloft have identified the top 20 spookiest street name, from Wizard Way to Headless Close.

There have been 3,550 house sales at the top 20 spookiest road names since ...

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

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 ...

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.

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

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 ...

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, ...

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 ...