Stockport Property News
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Dataloft Days of Christmas Part 7
The festive season is in full swing, but some might have heard a few too many Christmas tunes already!More than 1 in 5 renters would pay a premium for noise insulation, making this the third most desired feature after parking and pets.
This feature ...
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Prime markets outperforming
All 10 regions across England and Wales have registered an outperformance of prime homes (top 25% of sales) in the 12 months to end of October 2022.
This ranges from 4.8% growth in the North East to 11.1% in the South West. The average rate ...
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Football fever kicks off at home
The 2022 FIFA World Cup is well under way but football fever starts at grassroots levels in the UK, on the local playing fields scattered throughout our towns and villages.
There are more than 21,600 community playing fields in Great Britain, occupying over 54,000 hectares, ...
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Sales rates still high
The lag in housing market data means that key indicators for the UK sales market are not yet fully reflecting the pressure on affordability created by higher inflation and rising interest rates.
The number of Sales Agreed and Exchanges in Q3 2021 were both higher ...
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Build to Rent homes to increase five-fold
The stock of Build to Rent (BTR) homes in the UK is forecast to increase five-fold over the next 10 years from 76,800 today, to 380,000 in 2032, according to the British Property Federation (BPF).
At present, just 1.5% of rental homes are BTR but ...
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Interest rates expectations have jumped, but improved a little
As widely reported, the Chancellor's mini-budget spooked markets and resulted in the value of the pound sliding and interest rate expectations jumping up.
Swap rates are often used as an early warning of where mortgage interest rates are heading. Immediately after the mini-budget, 5-year swap ...
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Smart choices to reduce energy costs
Although an annual price cap of £2,500 has been announced for two years, this is still a significant increase on last winter.
A gas boiler has the biggest impact on bills and buyers may look to reduce costs by choosing well-insulated homes and those which ...
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Rising rents put pressure on younger renters
With the rising cost of living dominating the headlines, we have turned our attention to the rental market and the affordability pressures facing renters. Using gross incomes of renters and achieved rents we can see how much renters are really spending on rent.
As featured ...
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Our homes are still our offices
Our homes are still our offices. UK workers are going into the office an average of 1.5 days a week.
Hybrid working is here to stay. More than 80% of workers said their firms had adopted the hybrid model according to a survey for The ...
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What amenities are important to renters?
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
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
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
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?
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
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
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
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
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
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
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 ...
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.