Stockport Property News
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Families rent smaller homes
Rising rents and the cost of living are impacting the choices that renters make when selecting their homes.
An increased number of families are choosing smaller homes. In the year to June 2023, almost half of families with a household income of between £30,000 and ...
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Importance of community
World Kindness Day, celebrated annually in November, is a day to celebrate and promote kindness in all forms, uniting people in kindness globally.
Helping and meeting people and making friends are important in forming communities, a key consideration for renters.
Nearly two-thirds of renters consider ...
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Spreading the load
First-time buyers, faced with the rising costs of getting on the housing ladder, are finding ways to offset the increases by taking longer mortgage terms, flexible deals or paying higher deposits.
Over half of first-time buyers took a mortgage term of 30 years or longer ...
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EPC essentials: Watt you need to know
The regulation to require all newly rented properties to have an EPC rating of at least C by 2025 has been scrapped.
However, four out of every five landlords have already taken steps to ensure compliance, and nearly half of them have invested between £500 ...
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Investing in HMOs
Letting your property as an HMO (House in Multiple Occupancy) is a viable alternative to more traditional buy-to-let properties. Generally more profitable, HMOs provide multiple streams of income by letting out individual rooms at a higher rate than you would the entire property. This can ...
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Changing level of homeownership among young adults
Well under half of today’s young adults own their own home (41% of those aged 25–34). Although this has not changed much in the last decade, it was very different for their parents’ generation.
30 years ago, two thirds (66%) of 25 to 34-year-olds had ...
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Unlocking home ownership
With the close of the Help to Buy scheme, there is a clear gap for those looking for a low deposit solution to buying a home. Around 1 in every 100 households in the country live in shared ownership homes.
Shared ownership gives buyers the ...
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Gradual growth of new build gardens
The demand for gardens and other private outdoor spaces has grown since the pandemic, when we all re-learned their value – whether as a refuge to relax in or an opportunity to extend our homes with garden offices and outdoor entertaining areas.
There is a ...
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Portfolio landlords still looking to expand
More than a quarter of landlords who own five or more properties are planning to increase their portfolio over the next year, while one in five who have 2–5 properties are also planning to expand (Rightmove).
Over half of landlords are planning to keep their ...
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Many homes exempt from property tax
In the past year more than 60% of homes in Wales and nearly half (48%) of homes in England (excluding London) bought by home movers have been exempt from property taxation.
In Wales more than 90% of all 1-bed and 2-bed apartments sold for below ...
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I want to ride my bicycle
National Bike Week (5 June – 11 June 2023) celebrates over 12,500 miles of national cycle routes in the UK.
On average in England and Wales there are just over 2,200 households per mile of national cycle route. Per home there is over 1 metre ...
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A new way to rent
There’s a new type of rental home in the UK which could transform the experience of being a renter – and the number of these homes is growing fast.
‘Build-to-Rent’ homes have been purpose built for rental and are professionally managed by dedicated operators who ...
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Fit for a king
Charles III, King of the United Kingdom and the Commonwealth Realms will be crowned at a ceremony in Westminster Abbey on Saturday 6th May. This will be the 40th coronation to be held at the Abbey since 1066.
In the past two years alone there ...
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Private rented sector grows
The number of households in England and Wales increased by 6% between 2011 and 2021, the number in the private rented sector by close to 20%. There are now more than 5 million households in the sector.
Across all age groups the proportion of households ...
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Ready to rent
Over 60% of properties placed on the rental market are being snapped up by renters within a week of being listed, one in six letting within 3 days, according to the latest Dataloft poll of subscribers. Less than 3% of properties are currently on the ...
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Who do you live with?
Since 2011, there has been a 6% rise in households and a noticeable change in their composition and size in England and Wales.
There are now 20% more households where couples are above the retirement age. This change has driven demand for more property variety ...
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62 Flipping Days to Sell
You batter be ready as Pancake Day takes place 47 days before Easter Sunday, 15 days under the average 62 days Rightmove report it takes to secure a buyer.
A flipping 117 million pancakes will be eaten on Shrove Tuesday alone, 92 times the number ...
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Making sense of Census 2021: population increase
In the decade up to 2021, the population of 30-somethings grew by more than 700,000 in England and Wales.
Given that the average age of a first-time buyer is 33.8 years, that’s a lot of people who might be ready to buy their first home....
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2023: The year of the Rabbit
This year, Chinese New Year falls on the 22nd January, beginning the Year of the Rabbit. The rabbit is one of 12 zodiac animals and it represents patience, peace and prosperity.
Since the last year of the Rabbit in 2011, average house prices in the ...
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Our achievements in 2022
Take a look at the stats for our Stockport branch in 2022:Read More
That's more than the Grand Canyon's average weekly visitors!
Watch the video full here
Call us on 0161 480 1400 now to discuss your property needs in 2023!
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.