Salford Property News

The demand supply imbalance in the rental market remains, with 17% of agents reporting that renters often offer above the asking rent, while 44% said that they sometimes do.

The average UK rent is £1,279, up 8.9% annually, but there has been a monthly fall ...

The green belt is a town planning policy designed to prevent urban sprawl, protect the countryside and direct development to the most sustainable locations. Green belt surrounds most major cities and extends around 5–10 miles from the edge of the built-up areas, protecting small satellite ...

Halloween is big business and the UK is projected to spend over £1bn with more than 56% of the population taking part in the fun. Gen Z is expected to spend the most with 87% planning to spend £46 each.

Some places are spookier than ...

Interest rates are deemed to be at, or close to their peak so any improvement should start to lift sentiment. For the rest of 2023, expect continued low sale volumes and some price volatility but spring 2024 could mark an upturn.

Whilst one more 25bp ...

The number of mortgage products available has risen to 5,338, its highest level since February 2022, and more than double the availability seen in October 2022.

The average shelf life of a mortgage deal has stabilised, increasing to 15 days, up from lows of 12 ...

Mortgage approvals lead trends in residential sales activity by around 3 months. As such, mortgage approvals will be a key leading indicator to monitor for more signs of market activity over coming months.

The number of approvals has risen since the beginning of 2023 but ...

World Honey Bee Day is on the third Saturday in August and brings a buzzing celebration for beekeepers, honey lovers, and all things blooming.

Many home addresses feature bee related names. There are a buzzworthy 498 roads across the country that contain the word ‘Honey'....

Recent rapid rises in interest rates have left borrowers wondering where this will end. The current Bank Rate is 5%.

In the short term there are expected to be further interest rate rises. The consensus of forecasts average at 5.6% for the end of this ...

Property prices have moderated and while demand remains across the market, sensible and realistic initial pricing impacts on sales success.

Data from Rightmove indicates that properties that experience a price reduction are 10% less likely to go under offer. They are also on the market ...

Recently-released statistics on planning applications show a steady decline in major residential approvals across the country since the peak of 6,617 back in 2017. We now sit at 4,221 major residential approvals, the lowest in 10 years.

On a more positive note, the number of ...

Gardens are integral to British life and are found in 97% of houses in Great Britain. 

Garden size holds increasing importance, with many homeowners opting for garden offices as a way of expanding their living space to create dedicated ‘work from home’ areas.

Regional disparities ...

£17 billion is gifted, or informally loaned each year, of which over half is used for property purchase or improvement (The Institute of Fiscal Studies).

Virtually all money transfers come from parents aged over 50 to children in their late 20s and early 30s. The ...

Average UK property prices and annual price growth are published by various organisations. However, the figures are different for each and can cause confusion. This is because the data is calculated in slightly different ways.

Rightmove average prices are the highest, but their index is ...

Bungalows are a popular type of home in England and Wales and represent 9.3% of the housing stock (5 million properties). 8% of homes sold in the last year were bungalows and the most popular month for sales was March, with 10.6% of all sales....

44% of people continue to work from home, either full time or on a hybrid basis, according to the latest data released by the Office for National Statistics.

Home or hybrid working is more prevalent for home owners than renters, for the self-employed and for ...

Nearly 200,000 new build homes were registered in the UK in 2022, the highest number since 2007 and up 26% on 2021, according to the latest statistics produced by the NHBC. Registrations increased in all regions of England and Wales.

More than half of buyers ...

30% of agents sense there has been an increase in cash buyers between November and January, according to the results of the Dataloft Opinion Poll.

Over half (55%) of agents sense cash buyer numbers have remained stable, while 15% believe they have decreased. This follows ...

Houses remain the most popular choice for new buyers, but the proportion of prospective purchasers looking for apartments is on the rise.

Hometrack report that over 30% of new buyers are currently looking for a flat, with more than 1 in 4 (27%) specifically seeking ...

The recently published 2021 census data has revealed a change in the proportion of flats and houses in which households are living in towns and cities across the country.

Of the 25 largest built-up areas*, 11 have seen a swing towards living in apartments, with ...

In recent years, a 'Boxing Day bounce' has been reported by property portals, as households wishing to move in the new year go online to start their search after Christmas Day.

In 2021, Rightmove recorded its busiest ever Boxing Day for visits to their website ...