Manchester Property News

  • Selling A House With Tenants

    David1 - Head (2) (2) David Boyd Sep 8, 2023, 10:02 AM

    Selling A House With Tenants

     

    Selling a property is a decision that involves numerous considerations. When your property has tenants, these considerations multiply, adding layers of complexity to the process. If you’re a landlord contemplating selling your home but you're unsure where you stand, this comprehensive guide by us, ...

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  • How to rent out your property

    David1 - Head (2) (2) David Boyd Aug 30, 2023, 16:55 PM

     

    How to rent out your property

     

    However, navigating the process of renting out your property requires careful planning, legal compliance, and effective management. In this comprehensive guide by Peter Anthony, we'll walk you through all the essential considerations to successfully rent out your property in the UK.

    How ...

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  • Early signals of demand in the rental market

    TomS - Head Tom Simper Aug 26, 2023, 10:00 AM

    Interest in finding a new rental home is distinctly seasonal, with periods of high and low interest coinciding with holidays and other events.

    We analysed search terms put into Google over the past five years and found that the query ‘flats to rent near me’ ...

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  • The student summer migration

    TomS - Head Tom Simper Aug 8, 2023, 14:00 PM

    As another academic year draws to a close, the great student migration begins. The number of students starting new leases in July was 48% higher than in the previous month, increasing competition and putting more upward pressure on prices.

    Average rents rose 3.8% month-on-month, in ...

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  • Find out what your home is worth

    David1 - Head (2) (2) David Boyd Jul 21, 2023, 12:34 PM

    Find out what your home is worth

     

    Are you considering selling your property but uncertain of its value? This guide by Peter Anthony is for you.

    The first initial step when selling a house is to obtain a valuation for your property. You could be pleasantly surprised by the increase since ...

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  • Downsizing? How to spend your equity

    TomS - Head Tom Simper Jul 17, 2023, 10:00 AM

    Over 8.1 million owner occupiers in England and Wales now own their homes outright. This constitutes 52% of owner occupiers, rising to over 90% of those aged 65 or more.

    Based on sales price data from the Land Registry, downsizing from a 4 or more ...

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  • Interest-only mortgages declining but may see a resurgence

    TomS - Head Tom Simper Jun 30, 2023, 15:00 PM

    The era of more prudent mortgage lending since the Global Financial Crisis means that interest-only mortgages have become a much smaller proportion of new mortgage lending.

    In 2007 over 40% of new mortgage lending was on an interest-only basis. On the latest data, interest-only is ...

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  • A First Time Landlord Guide

    David1 - Head (2) (2) David Boyd Jun 12, 2023, 11:28 AM


    A First Time Landlord Guide

    The housing market is currently experiencing a significant surge. Whether you currently own a property or are contemplating the idea of purchasing one for rental purposes, becoming a landlord has never been a more astute investment decision.

    By renting out a property, you can generate ...

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  • Who buys a rental property?

    TomS - Head Tom Simper Jun 9, 2023, 11:30 AM

    Buy-to-let investors remain an important sector of the market. Close to 30% of agents state that when a rental property is put up for sale the most likely purchaser is an investor.

    According to Zoopla, 11% of homes currently for sale were formerly rented out. ...

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  • Property prices bloom in floral addresses

    TomS - Head Tom Simper May 23, 2023, 13:00 PM

    Chelsea Flower Show celebrates its 110th year, with thousands of plants and flowers on display for garden lovers.

    Many home addresses feature floral names. Over 1,300 property sales have taken place in the last year on streets bearing the names of some of the UK's ...

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  • Income from property more than doubled in 10 years

    TomS - Head Tom Simper May 5, 2023, 15:00 PM

    Latest data released by HMRC indicates that over 2.1 million UK taxpayers received income from property in the tax year 2020/21, receiving on average a net income of £11,400.

    Collectively these taxpayers received a total net income of £24.5 billion (net) in the tax year ...

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  • What do you want from your agent?

    TomS - Head Tom Simper Apr 20, 2023, 11:00 AM

    Professionalism and knowledge top the reasons of why prospective vendors choose their agents, irrespective of age or how experienced a seller may be.

    ‘Confidence in an agent's ability to market my property', was the most cited reason for choosing an agent, followed by 'liked and ...

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  • Easter egg spend

    TomS - Head Tom Simper Apr 6, 2023, 13:00 PM

    An egg-stimated 80 million Easter eggs are sold in the UK each year. Based on an average cost of £5.18 per egg, this egg-quates to an egg-spenditure of over £400 million, the equivalent to over 1,400 average-priced homes.

    By property type, this would be more ...

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  • Economic Forecasts

    TomS - Head Tom Simper Mar 17, 2023, 13:30 PM

    Official forecasts released by the Office for Budget Responsibility expect the UK to avoid recession this year.

    Interest rates are now expected to peak at 4.3% in the autumn (0.7% lower than had been forecast last November), while inflation is set to fall sharply to ...

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  • More mortgage product choice

    TomS - Head Tom Simper Feb 28, 2023, 12:00 PM

    Across the mortgage market product choice is increasing. According to Moneyfacts there are more than 4,300 different deals available. This is the first time since August 2022 that product choice has risen above 4,000.

    Competition between lenders in the mortgage market is good news for ...

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  • Mortgage arrears low and little appetite for repossessions

    TomS - Head Tom Simper Feb 11, 2023, 10:30 AM
    295_Dataloft_inform_Insight

    Mortgage rates have hit the headlines for the last 5 months but rates of arrears remain low by long-term standards. Just 0.88% of all mortgages are in arrears of 1.5% or more, according to the latest data from the Financial Conduct Authority (FCA).

    At the ...

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  • Jump in Buyer Demand

    TomS - Head Tom Simper Jan 26, 2023, 14:00 PM
    306_Dataloft_Jump_in_buyer_demand

    Following two months of falls, average new seller asking prices rose by 0.9% in January 2023. This is the largest rise in prices at this time of year since 2020 and is indicative of sellers testing the market.

    Rightmove are also reporting other signs of ...

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  • Downsizing opportunities

    TomS - Head Tom Simper Jan 9, 2023, 14:00 PM
    290_Dataloft_inform_Insight

    Downsizing to a smaller home can be an opportunity for those looking to save money, and enjoy the equity freed from their home sale. The average price difference between a 3+ bed house and a 2-bed flat in the UK is £161,728.

    The scale of ...

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  • Medium-term outlook for UK housing market

    TomS - Head Tom Simper Dec 17, 2022, 16:00 PM
    289_Dataloft_inform_Insight

    Rental price growth is set to outpace sales price growth over the next two years. Driven by a shortage of stock and increased demand, rental growth averaging 3% per year is anticipated for the next 5 years.

    The average of the forecasts we have collated ...

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  • Dataloft Days of Christmas Part 5

    TomS - Head Tom Simper Dec 12, 2022, 12:00 PM
    301_Dataloft_Days_of_Christmas_2022-Part5

    The North Pole has an average temperature of-31oC during the winter months. Although not quite as cold in the UK, its cold enough to put the heating on.

    For more than three-quarters of home movers energy efficiency and low running costs are important considerations when ...

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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

TomS - Head











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