Levenshulme and Burnage Property News
Punnets versus Property
Tom Simper
Jul 4, 2023, 10:00 AM
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 delicious English strawberries and cream. Close to 200,000 portions are sold at £2.50 per portion.
The price of a portion of strawberries and cream has remained unchanged since 2010. In contrast, the average price of a property in the UK has increased by 54% over the same period.
Back in 2010 the average price of a property was just over £171,000 and only one in every 20 properties sold for in excess of £500,000. In the past year more than one in every six properties sold has had a price tag in excess of £500,000. Source: #Dataloft, Wimbledon, Nationwide, Land Registry, based on sales recorded in 2010 and in the year to end of May 2023.
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]
Leave a comment