Stockport Property News

  • 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.

    221_Dataloft_Make_your_move-03

    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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  • Breaking out of the bunker, green space

    TomS - Head Tom Simper Mar 27, 2021, 10:10 AM
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    With an estimated 979,500 golf players, courses reopening in England on the 29th March (joining Wales and Scotland) will be a joyous occasion for many.

    There are 373,673 hectares of open green space in Great Britain. Golf courses account for a staggering 33%, the equivalent ...

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  • Budget watch: Housing market headlines

    TomS - Head Tom Simper Mar 10, 2021, 16:30 PM
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    The economy is set to bounce back to pre-pandemic levels by the middle of 2022, with the furlough scheme extended until the end of September.

    The current Stamp Duty Holiday, has been extended to the end of June, then 0% taxation will be payable on ...

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  • UK house prices up by 8.5%

    TomS - Head Tom Simper Feb 25, 2021, 12:30 PM
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    ONS, Halifax and Nationwide all report a sharp increase in annual house price growth since the stamp duty holiday announcement in July 2020.

    According to the December UK HPI (ONS), the average house price in the UK is £251,500, an annual increase of 8.5%.

    In ...

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  • Yes to pets!

    TomS - Head Tom Simper Feb 13, 2021, 10:00 AM
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    Responsible tenants in England with well-behaved pets will be able to secure leases more easily through a new standard tenancy agreement.

    Consent for pets will be the default position, and landlords will have to object in writing within 28 days of a written pet request, ...

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  • How footloose are renters?

    TomS - Head Tom Simper Jan 28, 2021, 12:15 PM
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    26% of tenants moved within a mile of their previous rental property in 2020, and over two thirds (69%) stayed within ten miles.

    As renting is more flexible than ownership, some households use it as an opportunity to get to know a new area. In ...

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  • Mortgage approvals have recovered

    TomS - Head Tom Simper Jan 13, 2021, 11:30 AM
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    Mortgage approvals have all but recovered following the forced closure of the housing market in spring 2020. Mortgage approvals were only down -0.9% (January to November 2020) compared to the same period in 2019.

    104,969 mortgages were approved in November 2020, the highest level since ...

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  • Dataloft Days of Christmas - Day 8

    TomS - Head Tom Simper Dec 23, 2020, 11:00 AM
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    In 2020, 10% of homes sold had an energy efficiency rating of A or B. These homes achieved a 12% price premium over those homes sold with an energy efficiency rating of C to G.
    Source: Dataloft, Land Registry, EPC

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  • Dataloft Days of Christmas - Day 4

    TomS - Head Tom Simper Dec 14, 2020, 11:45 AM
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    1,111,000 residential transaction are expected to complete in the year to March 2021, rising to 1,279,000 in the year to March 2022. Source: Dataloft, Office for Budget Responsibility

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  • Dataloft Days of Christmas - Day 1

    TomS - Head Tom Simper Dec 1, 2020, 11:30 AM
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    It has been a decade since the last white Christmas, back when the average UK house price was £170,365. The average UK house price now stands at £244,513, a 44% increase.


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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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