Stockport Property News

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.

Properties sold faster in the first two weeks ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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

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

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.

Unemployment rose to 4.8% in Q3, with a large proportion of job losses in leisure, retail and travel. Analysis of Dataloft’s tenant demographic dataset (DRMA) found almost a quarter of renters in the UK's top 10 cities work in retail, travel and hospitality.

Retail (including ...

Nationwide October House Price index reported an astonishing 5.8% annual house price growth, the highest rise since January 2015. Mortgage approvals were at their highest since September 2007, with 91,454 in the month.

Data suggests the recovery of the economy has slowed with only 2.1% ...

People have spent an increased amount of time at home this year encouraging home improvements. Builders have seen a 47% increase in their workload this summer and online planning applications have increased by 20%.

On average, UK homeowners spend £48 billion a year doing up ...

The RICS September survey, gauging the moods of agents continues to point to a strong upturn in the sales market. New buyer enquiries, new instructions and newly agreed sales remain firmly positive.

In September a net balance of +52% of agents reported an increase in ...

ONS reported a 1.5% annual increase in private rents in August. Agents are reporting an increase in tenant demand and positive short-term rent expectations, suggesting that many markets will be insulated from the end of the eviction ban and the furlough scheme.

All regions saw ...

The August sentiment survey by Royal Institution of Chartered Surveyors (RICS) gauging the mood of agents, showed improvement in the lettings market. Tenant demand has continued to increase and short-term rental growth is expected.

Tenant demand has continued to rise sharply following a large decline ...

The UK’s top ten mortgage lenders lent a staggering £220.7 billion in 2019, increasing their market share to 82.4%, up from 80.4% in 2018.

The top ten lenders retained the ranking they held in 2018, Lloyds Bank the largest lender followed by Nationwide and NatWest....

The July Sentiment Survey by Royal Institution of Chartered Surveyors, gauging the mood of agents, showed a significant pick-up in the housing market.

The stamp duty holiday has increased demand in July, agents report a significant increase in new buyer enquiries and new instructions. Agreed ...

The stamp duty holiday has led to a 14% surge in calls and emails to agents. Properties priced between £400–£500k have seen the biggest increase in interest, 49%. In 2019 they only represented 8% of sales, therefore we may see a shift in the distribution ...