Levenshulme and Burnage Property News
Sentiment for next 3 months remains positive
House prices and rental values are expected to rise across most of the UK over the next three months, based on the latest RICS sentiment survey.
All surveyors in the North and West Midlands thought rents would rise over the next 3 months. Confidence for house price growth highest in Yorkshire & The Humber, North West and London.
Expectations of house price growth have risen despite the interest rate rise in December, as stock levels remain close to historic lows.
The continued imbalance in supply and demand is also the driving force behind rental growth. National 12 month rental growth projections now stand at 4.5%. Source: Dataloft, RICS (net balance score is calculated by the proportion of survey respondents reporting a rise minus those reporting a fall in the given indicator).
Leave a comment
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
Manchester is one of the fastest growing markets in the country. If you need any assistance buying, selling or letting properties in the area we have over 30 years of experience and local knowledge to help.
T: 0161 441 0563
E: [email protected]