Levenshulme and Burnage Property News

The number of planning applications submitted for residential property in England and Wales was 16% lower in the first half of 2022 than in 2021, at 218,640.

Across all regions, application numbers in June were lower than a year ago. The steepest fall was in ...

At £14bn the value of unspent paper £20 and £50 notes equates to the equivalent of over 50,000 average priced homes.

After the 30th September 2022 paper £20 and £50 notes will no longer be legal tender in the UK. At the last count the ...

Over 75% of renters are concerned about the impact of the cost of living crisis on their ability to pay rent, according to a survey of over 12,000 renters nationwide conducted by Dataloft with HomeLet in May 2022.

Generation Z renters are the most concerned, ...

The government has outlined significant changes to the private rented market in the Fairer Private Rented Sector White Paper. The measures will form part of the Renters Reform Bill annouced in the Queen's Speech.

Section 21 so called 'no-fault' evictions will be banned, as will ...

There is a very strong relationship between GDP growth rates and house price growth – this relationship stretches all the way back to the early 1980s.

Assuming this historic relationship holds true, we can expect house price growth to slow later this year, as GDP ...

UK interest rates were raised for the fourth time since December (on 5th May 2022), by a quarter of a percentage point to 1%. This is the fastest increase in borrowing costs in 25 years.

Inflation is running at 7%, which is more than three ...

Almost three-quarters of people are worried about the energy efficiency of their homes given the ongoing energy crisis, according to a recent survey by the Home Builders Federation (HBF).

The highest levels of concern are among females (81%), those aged 35-44 (86%) and those living ...

More than one in four private rental households could be headed by a person over the age of 55 by 2035 according to a new report by the Social Market Foundation.

A greater proportion of current renters in this age group consider an unfurnished property ...

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 ...

From the end of May 2022 all property listings for both sales and rental property must include a property’s price, council tax band or rate and for sales, tenure information.

The new rules, announced by the NTSELAT, are the result of their research which found ...

44% of home buyers in England were eligible for a Stamp Duty Land Tax (SDLT) holiday (or claimed relief) in 2021, totalling 566,700 sales.

Those qualifying in the 5 years preceeding 2020 averaged just 6%. This highlights the impact this incentive has had on stimulating ...

Nearly half a million landlords expect to expand their portfolio over the next two years.

Just over 17.5% of landlords who responded to the 2021 Landlord Trends Survey stated they expected to expand. Extrapolated to the 2.65 million landlords in the UK on record with ...

Against the backdrop of strong economic growth, particularly in 2021 and 2022, forecasts for property price growth over the coming years are positive.

The forecasts, produced by the Office for Budget Responsibility in the wake of the Chancellor's Autumn Budget in October, indicate that while ...

15% of UK Christmas spending in 2021 is predicted to be on gifts, with spend per head expected to be £234, the equivalent of one week’s rent.

Total UK spend per head on Christmas is set to reach £1,275, just over £200 more than the ...

Over 85% of all property sales recorded to date by the Land Registry in 2021 have been houses, the highest proportion since 1996. Undoubtedly a result of the ‘search for space’ which has epitomized the property market this year. Source: Dataloft, Land Registry, sales by ...

The past 18 months have been tough for UK high streets due to Covid-19 restrictions in early 2020 which triggered a hollowing-out of city centres.

Footfall and spend analysis from the Centre or Cities/Locomizer suggests that UK cities have begun to recover (despite increased online ...

Congratulations to our fantastic team in our Levenshulme Office who have won these awards from allAgents!

Give the team a call on 0161 257 2441 to discuss your property now! 

Over £6.6 billion has been collected in residential tax receipts (SDLT and LTT) across England and Wales in the first 9 months of 2021, the highest total since 2017.

This is despite the fact 600,000 sales (56%), did not pay any tax due to the ...

September 2021 was the third busiest month for property sales across the UK since records began in 2005 (HMRC).

It is estimated close to 161,000 sales took place, compared to 199,000 in June 2021 and nearly 177,000 in March 2016 prior to the 3% SDLT ...

Rental properties are finding a tenant quicker than ever before, with it on average taking 21 days to find a new renter.

The RICS residential survey reports accelerating tenant demand, as a net balance of +66% of survey participants reported a pick-up in August, increasing ...