Salford Property News

We grow around 7 million Christmas trees in the UK each year. 2240 ha of land would be needed to grow that many trees, the equivalent of 120,000 average-sized UK gardens.

Nordmann Fir remains the most popular Christmas tree in the UK, accounting for 80% ...

Renters are more likely to renew their contract if they are renting through an agent than directly through a landlord, 75% compared to 68% (Property Academy).

Yet nearly half of all private landlords were not using an agent to let or manage their homes, according ...

On Thursday 3rd November 2022, the Monetary Policy Committee voted to raise interest rates by a further 0.75 percentage points to take interest rates in the UK to 3%. This is the biggest increase in 33 years to try and curb inflation.

Only last month, ...

Just 11% of sellers include ‘lowest fee’ in their top five reasons for choosing their agent, and only 6% of vendors choose their agent solely for this reason.

The 2022 Property Academy Home Moving Trends survey revealed that, across all ages and household types, factors ...

Stamp Duty has been abolished on the first £250,000 of any property purchase, (up from £125,000), making an immediate saving of up to £2,500 for home buyers. Close to half (47%) of all sales in England over the past year were under £250,000.

First-time buyers ...

‘Bills included’ is the most popular search term for renters seeking to find a new place to call home. Renters are keen to have certainty on their monthly outgoings as the cost-of-living squeeze continues.

While in 6th position in 2021, ‘bills included’ has now overtaken ...

As price rises spread throughout the economy, reports suggest the rate of inflation could reach 18% in early 2023, almost double its current rate of 10.1%, raising the possibility of further interest rate hikes.

However, a consensus of independent forecasters expects the rate of inflation ...

Trips to the seaside are one of the great joys of a traditional British summer. Given that we have over 6,000 km of coastline around England and Wales, it might come as a surprise to know that opportunities to buy a home by the coast ...

Indicative gross yields remain attractive in the rental market. Based on an analysis of apartments sold and rented over the past 12 months the indicative gross yield is 5.8%. This is up from 5.1% 3 years ago.

Indicative gross yields have risen across all regions ...

The 135th Wimbledon Championships is underway, with the All England Club celebrating its centenary of hosting this iconic Grand Slam.

Across Great Britain there are about 24,000 tennis courts; around 2.8 million (10%) of households live within 400m of a public tennis court.

Nearly 4 ...

Property and rental prices are expected to climb across most of the UK over the next three months, based on the latest RICS sentiment survey of Chartered Surveyors.

Surveyors are more optimistic about the short-term outlook for rents, with +58 expecting rental values to increase ...

The government's 'levelling up' agenda played a significant role in the recent Queen's Speech. New research indicates that changing employment patterns may well be providing a kickstart.

22 out of the top 25 remote worker hotspots are outside of London and the South East, of ...

The average rent in the UK at the end of April 2022 was £1,091 pcm (per calendar month), up 9.5% on the same time last year and up 1.2% from March.

Positive annual and monthly change in rental prices have been recorded in every region. ...

More choice is returning to the housing market, with agents reporting a rise in new instructions in both the sales and lettings markets.

The net balance of respondents reporting a rise in new sales instructions was positive for the first time in a year. Letting ...

Total footfall averaged across the UK's 63 largest city centres for February is as high as it has been for two years, according to Centre for Cities/Locomizer.

Weekend footfall is back to pre-pandemic levels most of the large cities and weekday activity is also reaching ...

Over the past five years (excluding 2020), the number of buyer enquiries per property for sale has been highest during March, April and May (Rightmove).

Currently around 75% of properties are successfully finding a buyer, compared to a historical average of around 50%.

Properties are ...

Take-up of the government's Help to Buy scheme has declined since the introduction of lower caps and when limited to first-time buyers from April 2021.

At its peak in Q4 2020, the scheme accounted for 36% of all new build sales (averaging 25% over 2020), ...

New buyer enquiries rose modestly in December (+9%) marking the fourth successive monthly rise in demand.

The end of the stamp duty break curtailed demand to some degree but since market reopened back in June 2020 demand has significantly outpaced the level of supply (new ...

Consumer price inflation (CPI) has risen to 5.4% in the 12 months to December 2021. This is the highest rate in 30 years, but is expected to fall back after an April peak (ONS).

Energy costs are a major component of price rises and this ...

Capability and market knowledge continue to top the list of how prospective home movers choose their agents.

Confidence in ability was rated by more home movers than any other quality. Only 17% included 'lowest fee' in their top 5.

Younger home movers, those aged up ...