Salford Property News

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...