Tag: Manchester
-
Manchester House Prices Increasing Faster Than Anywhere Else
Manchester has seen an unparalleled surge in its house prices, outperforming not just its neighboring cities but also England and Wales as a whole. Since the turn of the millennium in 2000, Manchester’s property market has been in overdrive. On the broader scale, the average house price in England and Wales has witnessed a significant…
-
Top Cities for First-Time Buyers in the UK
Aldermore Bank have launched their 2023 “Appeal Index” to evaluate which cities are best for first time buyers. It evaluates cities across the UK using 10 indicators split between two main categories: property and lifestyle. In an impressive show of consistency, Scottish cities, particularly Glasgow, have maintained their top positions on the Appeal Index. They’ve…
-
Rental Growth Is Slowing
The United Kingdom’s regional rental markets are undergoing various shifts. While growth has been seen in past years, there’s evidence of a slowdown, driven by a variety of factors. Recent reports and industry indices highlight the early signs of declining rental growth. The Declining Pace of Property Rental Growth According to the latest Prime Lettings…
-
How Far are Househunters Willing to Move?
Most of us are creatures of habit. Naturally, when considering a change of address, we tend to gravitate towards familiar territories—locales that we know and have an affinity for. However, broadening the horizons of our search can open up a treasure trove of opportunities, potentially leading to more affordable housing or even a chance to…
-
UK’s Student Housing Crisis: Affordability at the Brink
In recent years, UK students have found themselves battling on the frontline of an escalating accommodation affordability crisis. With the widening gap between student rents and maintenance loans, many are struggling to find reasonable housing within their budgets. Rising Rents and Falling Affordability A recent report by Cushman & Wakefield, a leading real estate services…
-
Manchester Top Spot for Property Bargain Hunters
If you’ve been scouting the UK for property deals, you’ve likely come across the news, analyses, and speculation surrounding the UK’s housing market trends. There’s always a lot to unpack. However, recent findings have shed light on where the savviest buyers might want to turn their attention: Manchester. A Frosty Landscape for Sellers, But Buyers…
-
UK Student Housing: The Ballooning Rent Crisis
The situation for UK university students has taken a disconcerting turn as they confront “unprecedented rent rises.” The surge in demand for student housing, combined with a static maintenance loan value meant to support living costs, has thrown many students into a financial whirlwind. In stark numbers, rents have escalated by more than 8% this…
-
House Prices – The Hottest and Coldest Areas in the UK
Recently, the property market has been displaying signs of a transformation. The dominant seller’s market, characterized by high prices and quick sales, seems to be making way for a buyer’s market. According to trusted sources like the Nationwide and Halifax house price indexes, house prices are experiencing a decline. This decline isn’t subtle either –…
-
Student Accommodation Demand at All Time High
The demand for student housing is at an all-time high, and this has created a crisis in the sector. The need for new student rooms is currently the greatest it has been in several years, with a chronic shortage of student housing in certain cities. Unfortunately, the high demand is not likely to be met…
-
Mixed Fortunes for Northern Cities
If you’re considering property investment in the north of England, it’s important to be aware that not every city is equally attractive to investors. Recent research conducted by property consultancy firm Barrows and Forrester has revealed that while there is still capital appreciation in most northern cities, one notable exception stands out. This article will…