Salford Property News

  • Mortgage rates fall

    Dewi Dewi Jones Aug 21, 2024, 15:00 PM

    Mortgage rates are now at their lowest level since March 2024. Average two- and five-year fixed rate deals fell monthly by 0.18% and 0.15% respectively, ending five consecutive months of rises.

    According to Moneyfacts, the average two- and five-year fixed rates fell between July and ...

    Read More
  • Interest rates: Bank of England cuts rates to 5%

    Dewi Dewi Jones Aug 2, 2024, 12:30 PM

    The long-awaited cut in the Bank of England base rate finally materialised on August 1st, signalling the Bank's confidence that inflationary pressures are slowly coming under control.

    This first cut since 2020 reduces the rate by a quarter of a percentage point and will be ...

    Read More
  • The Olympic Legacy

    Dewi Dewi Jones Jul 16, 2024, 12:00 PM

    < id='graphic_119'>

    As we await the opening of the Paris Olympics, it’s a fitting time to look back on the legacy achieved since the London 2012 Olympic Games.

    The London games cost £8.8 billion to stage but had already delivered £14.2 billion in economic value by 2014, ...

    Read More
  • Who, How and Why of HMO investors

    Dewi Dewi Jones Jun 26, 2024, 14:00 PM

    Around half of HMO (house in multiple occupation) landlords surveyed said that they use their property or portfolio as their sole source of income.

    Despite the challenges of managing HMOs, the survey revealed that nearly half of the properties were self-managed by landlords.

    The most ...

    Read More
  • Market outlook: Interest rate cuts

    Dewi Dewi Jones Jun 7, 2024, 11:00 AM

    The European Central Bank cut its central bank rate on 6th June. It is the first cut in nearly 5 years and ahead of the US which, like the UK, is yet to reduce rates.

    For the UK, inflationary pressures have been easing. The latest ...

    Read More
  • Sales price snakes and ladders

    Dewi Dewi Jones May 22, 2024, 13:00 PM

    The average asking price of homes being listed for sale on Rightmove has climbed by 0.8% in the last month, to a new high of £375,131.

    The top-of-the-ladder sector is driving price growth, with 4-bed detached and 5+-bed properties increasing 1.6% in the last month, ...

    Read More
  • Market outlook: Rents, moderation required

    Dewi Dewi Jones May 3, 2024, 14:00 PM

    Rental growth has been high the last few years. Affordability is now increasingly critical and rental growth rates are expected to moderate.

    UK annual rental growth is currently at 7.9%, however this has moderated slightly from highs of 10.4% in June 2023.

    Renters paid an ...

    Read More
  • Uncovering urban green spaces

    Dewi Dewi Jones Apr 12, 2024, 15:00 PM

    We often think of great access to green space applying more to the countryside than built-up areas but there is a surprising amount of green space (parks, playing fields and other accessible green space) in our towns and cities with much of it within easy ...

    Read More
  • Easter Eggstravaganza

    Dewi Dewi Jones Mar 25, 2024, 15:00 PM

    The Easter Bunny is hopping into action this year, dropping off over 80 million easter eggs that are sold in the UK each year. That’s eggquvilent to almost 80 times the number of home sales that took place over the last year, at 1,011,280.

    More ...

    Read More
  • Yields rise across all regions

    Dewi Dewi Jones Feb 22, 2024, 15:00 PM

    Indicative gross yields remain attractive in the rental market. Based on an analysis of apartments sold and rented in 2023, the indicative gross yield is 6.7%. This is up from 5.3% in 2021.

    Yields are currently strongest in the North West (8.5%) and have risen ...

    Read More
  • Hearts & homes

    Dewi Dewi Jones Feb 7, 2024, 14:00 PM

    Roses are red, violets are blue, in the UK's property market, a perfect home awaits you.

    Last year, over 1,300 homebuyers sealed the deal on Valentine's Day, with an average sold price of £364,655, 4% more than across the rest of the year.

    In the ...

    Read More
  • Mortgage lending metrics

    Dewi Dewi Jones Jan 22, 2024, 10:00 AM

    Mortgage borrowers on fixed rates have already escaped the worst of the interest rate rises and the direction of travel for rates is currently downwards.

    But 1.5 million homeowners will come to the end of their fixed-rate mortgage deals in 2024 and at the moment ...

    Read More
  • Medium-term outlook for UK housing market

    Dewi Dewi Jones Jan 5, 2024, 13:00 PM

    Looking across the average of published house price forecasts, UK house prices are expected to soften marginally in 2024 (by an average -2.1%). Renewed price growth is expected to be evident in 2025, with prices forecast to rise by 3.0%.

    While perhaps not sufficient to ...

    Read More
  • Days of Christmas | Stop here, Santa!

    Dewi Dewi Jones Dec 18, 2023, 10:00 AM

    The weather may be cold but there is plenty of heat in Christmas-related street names! Topping the list is North Pole Road in Maidstone with average prices of £607,500.

    Snow Hill, Turkey Street and Gingerbread Lane have all exceeded the current national average house price ...

    Read More
  • Days of Christmas | 'Tis the spending season

    Dewi Dewi Jones Dec 9, 2023, 13:00 PM

    The season of gift giving is upon us. The UK plans to spend a total of £27.6 billion on Christmas gifts in 2023, up 37% from £20.1 billion in 2022.

    Unwrapping the data, that's just over one quarter (27%) of the total amount spent on ...

    Read More
  • Competitive offers – renters offer above asking rents

    Dewi Dewi Jones Nov 28, 2023, 16:00 PM

    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 ...

    Read More
  • Green belt

    Dewi Dewi Jones Nov 11, 2023, 10:30 AM

    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 ...

    Read More
  • Scary street names don't spook buyers

    Dewi Dewi Jones Oct 25, 2023, 11:00 AM

    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 ...

    Read More
  • Market outlook– modest falls typify the market with sentiment to improve

    Dewi Dewi Jones Oct 7, 2023, 10:30 AM

    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 ...

    Read More
  • More mortgage choices

    Dewi Dewi Jones Sep 21, 2023, 12:00 PM

    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 ...

    Read More

About The Blog

This Blog looks at what is happening in the Salford and Eccles property market.  We report on events and community news along with investment ideas and tips for those loosing to invest in the area.

Dewi Jones - Editor

 

Dewi

 

Salford is fast becoming one the most exciting areas of development in North West.  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.

 


T: 0161 707 4745
E: [email protected]

"The staff at Peter Anthony could not have been more helpful. The team are well led by Gill."

- Steve

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"I deeply appreciate Peter Anthony Estate, especially Abbey, who works here."

- Delar

"Very good estate agency"

- Junaid

"If you need an Estate Agent who is going to really go the extra mile, Dewi is THAT person."

- James

"I had a viewing with Abbey, so lovely and friendly"

- Amy

"Excellent service, quick to find tenants and organising final checks, no complaints so far!"

- Steve

"Friendly and helpful. No problems everything ran smoothly as expected and professionally."

- David