Manchester Property News

As households across the nation dust off the age-old recipe for gingerbread houses, we’ve taken a look at what house builders have cooked up recently.

Close to 200,000 new homes were registered in the year to the end of September 2022, the highest total since ...

The Chancellor pledged to face the economic storm, as he announced widespread spending cuts and tax rises in his Autumn Statement on 17th November 2022, to tackle inflation and escalating mortgage costs.

In the short term GDP is likely to shrink by 1.4% in 2023 ...

Halloween spend in the UK in 2022 is forecast to be £687 million, up 15% on last year (Finder).

This growth in spending, spookily, almost matches the house price growth over the last 12 months of 13.6% (Nationwide to August).

A big proportion of that ...

Significant rises to mortgage interest rates will mean fewer first time buyers able to get on the housing ladder. New borrowers won’t have the luxury of existing low rates.

We tracked ‘affordability’ over the past 20 years – based on the proportion of gross income ...

A survey of over 10,000 home movers by Property Academy in June 2022 has revealed that having space to work from home has increased in importance as a property requirement over the last few years.

The survey, conducted by Property Academy and analysed by Dataloft, ...

Traditionally, the perception is that the housing market is more active spring and summer. Sales and mortgage approvals data reveals a more even spread of activity throughout the year.

In the 5 years pre-pandemic, summer (27%) and autumn (26%) recorded the highest proportion of sale ...

With British sportsmen and women taking top spots on podiums at the recent Commonwealth Games and the European Athletics and Aquatics Championships, how would property fare against its key competitors?

Property continues to outperform, pipping gold and UK share prices to the top spot based ...

In its August meeting, the Bank of England increased its base rate to 1.75%. Its sixth consecutive rise and its highest single rise in 27 years.

Many borrowers are protected from any immediate payment increase by fixed mortgage rates. 94% of new mortgages in Q1 ...

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 ...

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 ...

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 ...

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. ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...