Stockport Property News

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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%....

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

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 ...