Posted on February 6th 2019
The number of residential units under development in Manchester has boomed in the last two years with a 108% increase in units under construction.
In 2019 there are 14,480 units being built, compared to 6,963 in 2017. Last year the number of units under construction stood at 11,135. For […]
Posted on January 31st 2019
Growing demand for private rental sector (PRS) properties has seen asking rents increase by 6.9% in the last three years as the need for quality rented homes soars.
According to the latest data from the Office for National Statistics, PRS asking rents rose an average of 1% in 2018. Although the overall UK […]
Posted on January 29th 2019
The first-time buyer mortgage market share has reached its highest ever level as the number of buyers taking their first steps onto the property ladder reaches the highest level since 2006.
According to data from the Yorkshire Building Society, just over 367,000 first-time buyers entered the market with the help of a mortgage to 2018 – […]
Posted on January 28th 2019
House prices increased further in January as buyer activity picked up New Year pace in an ‘active’ and ‘interesting’ start to the year for the property market.
Asking prices in the UK rose by 0.4% according to the Rightmove Index, adding an additional £1,207 to take the average property value to £298,735. […]
Posted on January 25th 2019
The number of new homes that began being built last year was 12% higher to September 2018 on both a quarterly and annual basis according to the latest figures published by the Ministry of Housing, Communities and Local Government.
Split between the private sector and housing association builds, figures are up 14% and 9% respectively. Just under 45,000 new builds began, whilst over 41,000 […]
Posted on December 21st 2018
As the year comes to an end, we can reflect on another positive year for the local property market and Manchester’s economy as a whole. The city has frequently topped the charts in terms of price growth and demand throughout the UK with the local economy in boom-mode.
House prices in the region have consistently outgrown the rest of the UK, in five of the last six years in fact, including 11% last […]
Posted on December 21st 2018
New official data has shown that more than 400,000 first-time buyers have made their first steps on the property ladder thanks to the range of Help to Buy schemes such as shared ownership, equity loans and Help to Buy ISAs.
In total, 458,000 purchases have involved one of the Help to Buy schemes, of which 402,000 were first-time buyers. And the Help to Buy ISA […]
Posted on December 19th 2018
Property prices could rise by up to 2.5% next year according to new research.
And the longer forecast predicted as part of a market report from agents Strutt & Parker includes an 18% growth projection from 2018 to 2022 […]
Posted on December 12th 2018
The housing market is becoming proportionally more affordable for buyers as wage growth and employment rates rise.
Average weekly wages rose to £495 – up 3.3% in the three months to October – standing at the highest level for seven years. Meanwhile, […]