Stockport Property News

  • What amenities are important to renters?

    TomS - Head Tom Simper Aug 1, 2022, 10:30 AM

    Proximity to local amenities is an important or very important consideration when choosing a rental home for over 75% of renters (Dataloft, Property Academy, 2021). But how are these considerations reflected in rental values ?

    Taking five ‘location features’ commonly used to describe properties on ...

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  • Friday on My Mind: Tenancy Start & Completion Day

    TomS - Head Tom Simper Jul 12, 2022, 12:00 PM

    Friday remains the most popular day to complete on a house or start a new rental tenancy. 40% of all property sales over the past year have completed on a Friday and a quarter of new rental tenancies were started.

    While this may come as ...

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  • Mortgage rates by year end

    TomS - Head Tom Simper Jun 25, 2022, 09:30 AM

    With inflation running high, the Bank of England increased its base rate to 1.25% in June, with another 0.5 percentage point rise forecast before the end of 2022 and potential for a further 0.25 percentage point rise in 2023.

    The typical margin between mortgage rates ...

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  • Communication, communication, communication

    TomS - Head Tom Simper Jun 1, 2022, 12:30 PM

    Although many organisations use app-based technology, the human touch remains an important feature of the estate agency sector.

    Over 70% of sellers, irrespective of age or previous sales experience, prefer using the phone when dealing with an agent for offers or agreeing a sale.

    Phone ...

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  • How does your garden grow?

    TomS - Head Tom Simper May 13, 2022, 12:00 PM

    UK households are spending more on gardens, plants and flowers than ever before. At £7.6 billion, expenditure in 2021 was up by over £1 billion on 2020, and up 39% on five years ago.

    Nearly 90% of UK homes have a garden; with plants and ...

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  • Gear up for your next home

    TomS - Head Tom Simper Apr 25, 2022, 11:00 AM

    The ongoing energy crisis has not only sparked concerns about the energy efficiency of our homes, it has also made us consider the type of vehicle we drive.

    A recent survey by the Home Builders Federation (HBF) has revealed that 71% of respondents said they ...

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  • Mortgage rates rise but remain low

    TomS - Head Tom Simper Apr 8, 2022, 10:00 AM

    Since the start of 2022 interest rates have risen by 0.5%, however for those looking to purchase a home many mortgage rates remain attractive.

    It is estimated over 1 in 4 households are on mortgage deals affected by changing interest rates (UK Finance), but the ...

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  • 1 in 5 deals snapped up in the first week on the market

    TomS - Head Tom Simper Mar 21, 2022, 13:00 PM

    Newly-marketed properties are being snapped up fast, with Rightmove reporting that 22% of deals are agreed within the first week of being listed.

    This is more than double what was seen at the same time in 2019 and reflects the continued large disparity between supply ...

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  • Indicative gross rental yield ranges by region

    TomS - Head Tom Simper Mar 4, 2022, 10:00 AM

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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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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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