Stockport Property News

  • Indicative gross rental yield ranges by region

    TomS - Head Tom Simper Mar 4, 2022, 10:00 AM
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    As of the end of February, gross yields for flats ranged from 3.1% in Prime Central London to 9.5% in Sunderland (North East).

    The spread of gross rental yields for key cities within a region currently averages 3%, with London having the narrowest at 1.2%....

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  • Strong demand for homes continues

    TomS - Head Tom Simper Feb 15, 2022, 10:00 AM
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    A net balance in demand of +64% was reported by survey participants for renter demand. This is the strongest result since 1999.

    In the sales market, participants recorded a net balance of +16% for new buyer enquiries, up from +9% in December. This is the ...

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  • New rules for holiday lets

    TomS - Head Tom Simper Jan 26, 2022, 13:30 PM
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    There are over 100,000 official holiday homes in England and Wales registered with the Valuation Office Agency, nearly double the number just four years ago.

    Two-thirds of officially registered holiday homes are located within just four regions of the UK.

    From April 2023, second home ...

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  • Who is buying now?

    TomS - Head Tom Simper Jan 7, 2022, 13:00 PM
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    The number of first-time buyers grew by 35% in 2021, compared to the pandemic year of 2020, despite the ongoing uncertainty.

    Close to 60% of agents in the latest Dataloft subscriber poll reported that first-time buyers were the most popular type of buyer at present, ...

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  • Green mortgages

    TomS - Head Tom Simper Dec 21, 2021, 12:15 PM
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    Just one in 7 consumers has been offered a green or net zero mortgage product, while two-thirds have not heard of them, according to new research released by the Mortgage Advice Bureau (MAB).

    Green mortgages reward owners for owning an energy efficient home, either through ...

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  • Dataloft Days of Christmas: Warm this winter

    TomS - Head Tom Simper Dec 13, 2021, 11:30 AM
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    Just 1 in every 11 properties sold over the past year has achieved the highest energy performance certificate (EPC) rating of ‘A’ or ‘B’. Such properties have commanded a 15% price premium over a ‘D’ rated property (based on £psf). 65% of homes are rated ...

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  • Dataloft Days of Christmas: Let it snow

    TomS - Head Tom Simper Dec 1, 2021, 10:30 AM
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    The last widespread white Christmas in the UK was in 2010, when 83% of weather stations reported snow on the ground. The average price of a property has risen by just over 60%, the equivalent of £101,000 since that date.

    Over the last 50 years ...

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  • Green new builds

    TomS - Head Tom Simper Nov 12, 2021, 11:00 AM
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    As COP26 continues, research by HomeViews has found nearly 70% of new build owners or renters value sustainable building features.

    Recycling services, energy saving measures and renewable energy features were most valued by renters and owners alike.

    New build owners or renters were less bothered ...

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  • Hallowe'en homes

    TomS - Head Tom Simper Oct 29, 2021, 13:30 PM
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    It’s Halloween week. Across the UK it is estimated at least £474 million is spent celebrating All Hallows Eve, the equivalent to 1,794 average priced homes.

    At £29.7 million, the cost of purchasing pumpkins alone would buy over 110 homes.

    For the superstitious among us, ...

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  • Increase in UK rents

    TomS - Head Tom Simper Oct 11, 2021, 12:15 PM
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    July to September is the busiest quarter of the year for the rental market. In a normal year, 32% of tenancies start in quarter 3. This is likely to be higher in 2021, as students and workers return to cities.

    It is therefore no surprise ...

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  • Price rises hit highest level in nearly a decade

    TomS - Head Tom Simper Sep 24, 2021, 10:15 AM
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    Inflation, the rate at which prices are rising, recorded a record jump in August rising to 3.2% up from 2.0% in July.

    Food and petrol prices are considerably higher than this time a year ago, when travel restrictions remained and many diners were supported by ...

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  • Are stock levels stabilising?

    TomS - Head Tom Simper Sep 3, 2021, 12:15 PM
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    Although still significantly below average, there are signs that stock levels may be beginning to improve. The NAEA Propertymark reported a slight increase in number of properties listed per agent in July compared to June.

    They report that there are now 28 properties currently available ...

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  • Students in the private rental sector

    TomS - Head Tom Simper Aug 17, 2021, 10:00 AM
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    435,430 first time students have a confirmed place at university in the UK in 2021, this is 5% higher than results day in 2020.

    During university, 29% of students live in the private rental sector. Dataloft estimate that 570,000 students will be living in ...

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  • Mortgage approvals 21% higher than the 2014 to 2019 average.

    TomS - Head Tom Simper Jul 27, 2021, 13:00 PM
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    81,338 mortgages were approved in June 2021, 21% above the 2014 to 2019 June average.

    Despite house prices increasing to an all-time high, mortgage payments haven't followed suit. Mortgage rates are close to an all-time low, so affordability has remained in line with the long-term ...

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  • Agents view – New instructions fall

    TomS - Head Tom Simper Jul 10, 2021, 10:45 AM
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    The RICS June survey, gauging the mood of agents, points to an increasing scarcity of stock in the market.

    The measure tracking new instructions to the market has moved deeper into negative territory, the third consecutive month of a fall.

    With demand and sales volumes ...

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  • Private renter families

    TomS - Head Tom Simper Jun 22, 2021, 10:15 AM
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    Across the UK, families comprise a fifth (21%) of all privately renting homes with 39% occupied by single people and 40% by sharers or couples.

    Using Dataloft Rental Market Analytics data, we have reviewed the household make-up of renters beginning new tenancies since the start ...

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  • New build premium

    TomS - Head Tom Simper Jun 7, 2021, 12:30 PM
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    Attracting a 22% price premium, the average price of a new build home across the UK is nearly £55,500 more than a re-sale property.

    Nearly half of all homemovers would consider a new build property, new build sales accounting for 1 in every 8 properties ...

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  • Rental values are higher year-on-year except London

    TomS - Head Tom Simper May 24, 2021, 09:30 AM
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    Rental values are significantly higher across all regions of the UK, except London, than they were a year ago. Excluding the capital, the average monthly rent is £853, up 6.2%.

    A shortage of supply and growing demand is helping support rental values. New instructions were ...

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  • Make Your Move

    TomS - Head Tom Simper May 6, 2021, 13:00 PM
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    If you're considering making a move, now is the time to act. Demand for property is soaring.

    Spring sunshine, the extension to the Stamp Duty holiday and the relaxation of restrictions has continued to support buyer demand.

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    Properties sold faster in the first two weeks ...

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  • What matters most when marketing a property to rent?

    TomS - Head Tom Simper Apr 16, 2021, 12:00 PM
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    Running costs and broadband present the biggest gap between tenants and landlords in terms of what they view as important when a property is marketed to rent.

    87% of tenants consider running costs, and 79% broadband speed, important in marketing literature, this falls to just ...

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About The Blog

This Blog looks at what is happening in Stockport, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area. 

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