Author: Julian Bethell

Stamp Duty stumble

Income to the Treasury from Stamp Duty Land Tax (SDLT) receipts fell by 7.5%, the equivalent of £1 billion in the financial year to the end of March 2019.

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Affordability ratio

The affordability ratio for England and Wales hit another peak at 7.83 in 2018. This means that the median property price in England and Wales is now 7.83 times more than gross average annual earnings, according to new data from the Office for National Statistics (ONS).

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Turn the heating down

6 out of 10 people across the UK support the drive to cut emissions to almost zero by 2050, according to a recent poll reported by the Independent. To reach net zero in this timeframe, millions of people will need turn their heating down to 19°C in winter, as one of many lifestyle changes according to the Committee on Climate Change.

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** NEW INSTRUCTION ** Cleveland Road, Heaton Moor

I wanted to give you a sneak preview of this wonderful 4 bedroom home on Cleveland Road. Right in the heart of Heaton Moor village, I will be making this property available later today so give us a call to discuss or pop into the branch to book your viewing!

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HOME IMPROVEMENTS

April is National Home Improvements month. Property owners across the UK have spent almost £8,000 each on home improvements over the last five years, a staggering £48 billion in total, according to new research by the National Association of Estate Agents.

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Welcome to Dana

Welcome to Dana who has joined our busy Heaton Moor team as a Professional Viewer.

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BIGGEST CHALLENGES FACING THE HOUSING MARKET AT PRESENT

  • With just days to go before the UK was expected to leave the EU, we seem no closer to a solution than when Article 50 was triggered almost two years ago. It is little wonder therefore, that uncertainty is expected to continue to impact the housing market.
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Welcome to Claire

Welcome to Claire who has joined our busy Heaton Moor team as a Professional Viewer.

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1000 SALES PER WEEK AIDED BY HELP TO BUY

  • On average 965 sales per week have been completed using Help to Buy across England and Wales during 2018 (to the end of September), according to data released by the Ministry of Housing, Communities and Local Government and the Welsh Government.
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UK HOUSEHOLD SPEND

  • At £572.60, average weekly expenditure (all costs, adjusted for inflation) per household in the UK is at it its highest level since the financial year 2004–2005, according to data published in January 2019 by the Office for National Statistics.
  • At £632.00 per week, households in owner occupation spend on average £52 more per week than those in the private rented sector at £580.10.
  • Across the UK, the average weekly amount spent on a mortgage is £159.60, equivalent to 27% of total weekly expenditure. 44% of weekly mortgage costs are attributed to interest payments.
  • For those in the private rented sector, rental costs account for 26% of weekly expenditure. Across London and Wales, the average spend on rent per week is higher than the average spent on a mortgage. In all but four regions, the differential is less than £20 per week.
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