Record year in investment in the UK tech sector boosts local economies around the UK
Last year a record £29.4 billion was invested in the UK’s tech sector, more than double the previous year. This is positive news for regional economies and housing demand. A quarter of the UK’s 115 unicorns (start-ups worth $1bn+) were created in 2021. Nine of these were created outside London. The tech sector is helping […]
Dataloft Days of Christmas: Happy Xtras
Affordability/rental costs top the renter wish list when it comes to choosing a home, followed by pleasant neighbours and broadband speed. However, in terms of the added extras, most renters would pay a monthly premium (£50 in London, £40 outside) for certain features, just 28% stated an outright ‘no’ to any. Parking takes pole position, […]
£1 million+ sales
Nearly 20,000 sales have taken place over the past year priced £1 million or more. Over half of these have been outside of the capital, compared to just 41% back in 2018/19. High value areas in desirable locations have seen high levels of activity, the search for space and new hybrid working patterns changing the […]
Mortgage approvals return to ‘normal’ levels
October saw mortgage approvals return to more ‘normal’ levels. The Bank of England report 67,199 mortgages were approved in October, just above the long-term monthly average of 66,462 (based on 2015–2019). The property market is predicted to return to calmer market conditions during the first quarter of 2022. The volume of new supply to the […]
Stay or go – how long do people stay in their homes?
Many people move more often than they expect to. This is a key finding of the 2021 Home Moving Trends Survey, conducted by the Property Academy and analysed by Dataloft. While just 13% of home movers expect to move within the next 5 years, the reality is that 28% are likely to. Equally, while a […]
Best Lettings Agent in L3 2021
Congratulations to our branch manger Gill and all the team from our Liverpool office for receiving the gold ‘Best Lettings Branch of the Year’ award from allAgents! Call us on 0151 214 3480 to discuss your property today!
Sales volumes higher
The property market continues to ride the wave as we head to the end of 2021. Although softening, demand remains stronger than a year ago. Sales volumes to date in 2021 are 16% above the 5-year average (Zoopla). Despite rising inflation and likely interest rate rises, the latest forecasts from the Office for Budget Responsibility […]
Demand stabilising but prices set to remain firm
Buyer demand is stabilising according to the latest edition of the RICS Residential Survey. At a national level the new buyer enquiries indicator posted a net balance of zero in September, a sign of stable demand. For the third consecutive month the volume of newly agreed sales fell back, a net balance of agents (-15) […]
Price growth predictions
Property continues to rise in value. An average of independent forecasts predicts prices will end the year 5.8% higher than at the start. Annual price growth has moderated since the double-digit figures evident in May and June, however the search for space continues to drive demand. Working from home, at least part-time, is a lasting […]
Interest rate forecast
The low interest rate environment the UK has experienced for over the past decade is set to remain, although rates are anticipated to rise. The consensus forecast, based on the expectations of 18 different city and non-city analysts, expects interest rates will nudge slightly higher over the final quarter of 2021, ending at 0.12%. The […]