Manchester Property News

  • Hot Property

    TomS - Head Tom Simper Jul 20, 2022, 11:30 AM
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    The UK has dealt with historic temperatures this week, and although the scorching heat of the housing market is showing some signs of moderating as month-on-month price rises soften, it remains sunny for those looking to buy and sell.

    Rightmove report that buyer demand, while ...

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  • Census 2021: the regional picture

    TomS - Head Tom Simper Jul 1, 2022, 11:00 AM
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    The 2021 Census has revealed that population and household growth across England and Wales has been unequal over the past decade. This has been reflected in property price performance too.

    The population of England and Wales grew by 3.5 million between the 2011 census and ...

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  • Rise in length of tenancies

    TomS - Head Tom Simper Jun 11, 2022, 09:30 AM
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    Findings from a landlord survey by Rightmove indicate a change in renter behaviour against a backdrop of record rents and rising household bills.

    Findings from a landlord survey by Rightmove indicate a change in renter behaviour against a backdrop of record rents and rising household ...

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  • Platinum property prices

    TomS - Head Tom Simper May 21, 2022, 10:00 AM
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    As the nation prepares to celebrate the Queen's Platinum Jubilee, we’ve looked back at changes in the housing market during the reign of Queen Elizabeth II.

    In 1952, the average price of a home was just £1,891. Adjusting for inflation that would be £57,997 today. ...

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  • Homes for sale remain in short supply

    TomS - Head Tom Simper May 2, 2022, 10:30 AM
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    The number of homes listed for sale is still 9% lower than this time last year according to latest research*. Low stock levels, combined with relatively high demand, create log-jams for would-be home movers.

    Despite healthy levels of demand across most of the country, the ...

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  • The Buy v Rent equation

    TomS - Head Tom Simper Apr 14, 2022, 14:00 PM
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    For a buyer with a 25% deposit, the monthly mortgage payment in all areas remains lower than the equivalent monthly rent for a 2-bed flat (2-year fixed rate mortgage, over 25 years).

    However, for those with a 10% deposit (90% LtV), increased mortgage rates in ...

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  • Solar Savings

    TomS - Head Tom Simper Mar 29, 2022, 13:30 PM
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    In his Spring Statement on 23 March 2022, the Chancellor announced the scrapping of VAT on materials and installation of energy efficiency equipment for homes.

    Energy efficiency is becoming more important to buyers as a result of escalating bills and concerns about fuel security.

    Homes ...

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  • Bank of England considers removing Affordability Test

    TomS - Head Tom Simper Mar 10, 2022, 10:30 AM
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    Mortgage approvals, which surged in 2021 on the back of demand from home-movers, have sustained a high level into 2022, continuing to outpace any period since 2008.

    Meanwhile, the Bank of England is considering removing the ‘affordability test’ which tests a borrower’s ability to service ...

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  • No let up in sales activity

    TomS - Head Tom Simper Feb 21, 2022, 12:00 PM
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    The property market is busy, with the start of 2022 seeing no slowdown in sales activity.

    Nearly 107,000 sales were recorded in January. Except for 2021, this is the strongest start to a year since 2007 and up 10% on the January average (2012–2021).

    Demand ...

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  • Move or improve? Builders increase costs

    TomS - Head Tom Simper Feb 4, 2022, 13:30 PM
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    The Federation of Master Builders' latest State of Trade Survey reports that 74% of builders have raised prices for their work in Q4 2021.

    At a time when they are reporting a 19% increase in workloads, 95% of builders are also seeing a rise in ...

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  • Working from home?

    TomS - Head Tom Simper Jan 13, 2022, 11:30 AM
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    With working from home now necessary for many jobs and industries, post-pandemic households are continuing to revaluate the space they need from their homes.

    49% of home buyers feel their property is unsuitable for working from home and 28% have no dedicated workspace or office ...

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  • Dataloft Days of Christmas: Wind it up

    TomS - Head Tom Simper Dec 23, 2021, 12:00 PM
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    Love them or hate them, the Brussels sprout is a quintessential part of a Christmas meal for many. In fact, the British are believed to eat more Brussels than anywhere else in Europe.

    The industry is worth £650 million to the UK. For that, you ...

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  • Dataloft Days of Christmas: Ho, ho, home

    TomS - Head Tom Simper Dec 15, 2021, 11:30 AM
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    Over 500 properties have sold with either 'Christmas' in their name or address across England and Wales since 1995, with 23 'Christmas' sales so far in 2021.

    70% of sales have been of properties named either 'Christmas Cottage; or properties located on roads named 'Christmas ...

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  • Dataloft Days of Christmas: Home for Christmas

    TomS - Head Tom Simper Dec 3, 2021, 14:00 PM
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    It is estimated that 1 in every 16 privately-owned homes has changed hands this year (1.5 million households). 2021 has been the busiest year for the property market since 2007. Source: Dataloft, HMRC, Zoopla

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  • Creative spaces

    TomS - Head Tom Simper Nov 18, 2021, 12:30 PM
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    Research commissioned by the Creative Land Trust illustrates an outperformance of residential values in areas with a cluster of creative industries.

    Creative industries include all types of artists, screen printing, film making, music, performing arts and rehearsal space.

    Case studies across London and the Thames ...

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  • Autumn 2021 Budget: housing market headlines

    TomS - Head Tom Simper Nov 2, 2021, 10:00 AM
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    The Chancellor described the economic picture as “strong” in the short term, with the Office for Budget Responsibility expecting the economy to return to pre-pandemic levels 6 months earlier than expected (by 2022).

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    Key housing market announcements included funding for new homes, brownfield land and ...

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  • Seasonally adjusted street names

    TomS - Head Tom Simper Oct 14, 2021, 14:00 PM
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    Harvest time is upon us and of all the seasons it appears ‘autumn’ is the most lucrative when it comes to property names.

    Homes bought since the start of 2020 which have included 'autumn' in their name or street address, have sold for an average ...

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  • Later life mortgages on the rise

    TomS - Head Tom Simper Sep 28, 2021, 13:00 PM
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    Mortgage lending in later life is on the rise. The age of first-time buyers, an increase in the length of mortgage terms and an ageing population all causes.

    UK Finance report over half of new homeowner loans issued in the first six months of 2021 ...

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  • Pets please

    TomS - Head Tom Simper Sep 6, 2021, 10:30 AM
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    While tenant demand has risen 13% over the past year, demand for pet-friendly rental properties has more than doubled, enquiries to letting agents for pet-friendly rentals up 120% (Rightmove).

    Over half of UK adults are now thought to own a pet, the majority dog (26%) ...

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  • Record-breaking house price growth

    TomS - Head Tom Simper Aug 21, 2021, 14:50 PM
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    The UK experienced a 13.2% annual increase in house prices in June 2021. This is the largest annual increase recorded since 2004.

    The average price of a UK house now stands at a record high of £265,668, which is £30,965 higher than the same time ...

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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

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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.

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