Tag: Manchester
-
Greater Manchester Hotspots Where House Prices Are Beating Inflation
While the rest of the North is struggling to keep up with rising costs, six areas in Greater Manchester are bucking the trend and seeing house prices soar. The national average house price might be up, but the South is leaving the North in the dust. In fact, only seven areas in the whole North…
-
Mortgage Application Rejected Due to “Unsaleable” Area?
Imagine you’re stepping onto the property ladder, excited by the prospect of owning your first home—a new-build flat in a budget-friendly area of Greater Manchester. It’s close to your workplace in the city centre and perfectly priced for your budget. You’ve even paid a £2,000 reservation fee, confident in the deal since your mortgage broker…
-
Rising Costs Make London Homes a Tough Buy
Purchasing a home in London has become a daunting challenge, with mortgage costs now almost 50% higher than renting. This steep rise in costs is placing the dream of homeownership further out of reach for many, as the gap between owning and renting widens significantly. In the heart of London, particularly within its more affluent…
-
Suburban Shift – London Renters Look to the Outskirts
More and more London renters are opting for suburban life over city centre living. Driven by the pursuit of affordability and better transport connections, this trend is not unique to London but is echoed across other major UK cities, according to recent data from SpareRoom. SpareRoom’s analysis of tenant search trends has uncovered a substantial…
-
No More Waiting – Chain-Free Homes Fetch Higher Prices
When it comes to buying a home in England’s bustling cities, properties that are sold without the complexities of an onward chain are fetching higher prices than their counterparts. Recent research by Home Sale Pack highlights that these chain-free homes are not just a relief from the stressful buying process, but also come with a…
-
Student Housing Investments Surge in Q1 2024
Global property consultancy Knight Frank has highlighted a robust start to 2024 in the UK’s purpose-built student accommodation (PBSA) sector, with investors showing increased confidence despite broader economic uncertainty. The first quarter of 2024 saw a significant uptick in investment in student housing. Knight Frank recorded 21 transactions in the PBSA sector, totaling nearly £750…
-
Boom or Bust? The Turbulent Journey of UK House Prices Post-Covid
The last four years have been nothing short of a rollercoaster for the UK housing market, fueled by a global pandemic, shifts in working habits, and significant economic pressures. From dramatic rises to unexpected stability and stark declines, the trajectory of house prices has varied wildly across the country. Here’s a comprehensive look at how…
-
Hotspots for Landlords – the UK’s Top Investment Postcodes
Landlords are continually on the hunt for properties that promise the best returns through rental income and potential house price growth. However, the choice between focusing on immediate rental yields versus long-term capital appreciation can define an investment strategy. Investors primarily look for properties that can generate substantial rental income and appreciate in value over…
-
Manchester Emerges as the UK’s Latest Property Hotspot
Manchester has recently been dubbed the UK’s newest ‘property powerhouse,’ following a significant spike in house prices, a trend setting it apart from other major cities, including London. This rise in property values in Manchester, as detailed by Open Property Group, underscores a robust market, contrasted sharply against a backdrop of general market slowdown across…
-
House Price Realities – Only a Handful of UK Towns Outpace Inflation
The reality for many UK towns and cities starkly contrasts the common belief that house prices double every decade. Since 2005, only a select few areas—Manchester, Bristol, Cambridge, London, Brighton and Hove, and Edinburgh—have witnessed property price increases that surpass the average annual inflation rate of 3.8%. The data, drawn from tracking 30 cities, reveals…