Salford Property News
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Census 2021 – Change in accommodation type
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 ...
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Ready for a Boxing Day bounce?
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 ...
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Dataloft Days of Christmas Part 6
Father Christmas keeps reindeer as pets and although not many UK household own reindeer, we are still a nation of animal lovers.
Nearly two-thirds (62%) of UK households now own a pet, up from just 41% two years ago, ‘pets’ is a top 5 search ...
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Dataloft Days of Christmas Part 2
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% ...
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Renters renew contracts
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 ...
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Biggest interest rate rise in 33 years … but smaller increases expected from here
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, ...
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Low fees? What's more important?
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 ...
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Stamp Duty cut offers instant saving
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 ...
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Most popular search terms for renters
‘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 ...
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Rate of inflation expected to slow sharply in 2023
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 ...
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The coast is clear
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 ...
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Yields remain attractive in rental market
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 ...
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Game, set and match
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 ...
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Prices nudging up over next three months
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 ...
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Top hiring hotspots for remote workers
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 ...
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Going up: rents rise in all regions
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. ...
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More choice for buyers and renters
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 ...
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City centres bounce back to life
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 ...
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Spring into Action
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 ...
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Help to Buy boosted sales of new homes. What next?
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), ...
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
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]