It won’t come as any massive shock that houses are generally worth more than flats in our area. However, when it comes to the movements over time, these two broad types of property do not always behave similarly. Here we see how flats and houses have varied in price.
Wine merchants ‘Cork of the North’ is coming to Heaton Moor. Based just near 104 Heaton Moor Road, Heaton Moor, this independent company sell well over 500 different delicious bottles drink in OR take away.
Along with great range to wines, Cork of the North have regular tasting events, News Letters and membership possibilities.
Opening to the public in July, The Heatons is growing stronger, as yet another fabulous independent company lands.
Some people rattle around in their home like two beans in a can whilst others are packed in like sardines in a tin. There is a formula, created by the Office for National Statistics which gives the occupancy rating of each home. This number shows whether a property has the ‘right’ number of rooms given the number of people living there. This shows the picture in our local housing market.
The last few years have been something of a rollercoaster ride for property markets up and down the country and our area is no different. Here we show how prices of different house types have changed relative to one another over time.
In some parts of the country, the split between a house and flat sales is very extreme while elsewhere there is more of a balance. It primarily comes down to the nature of the area and how densely populated it is. Rural, semi-rural and suburban areas are dominated by houses whereas urban districts are awash with flats. The chart shows the picture in our area.
The British press is being so hysterical about the UK property market at the moment, you’d be forgiven for thinking we were back in 2008 again, staring down the barrel of another credit crunch. This couldn’t be further from the truth. Week after week, more statistics come out revealing how buoyant the market is at the moment. Here are just three of the reasons why homeowners in The Heatons should be grinning.
By looking back over the last eight quarters, it’s quite enlightening to see how average sales prices have changed for individual house types. Obviously the bigger types sell for more, but the quarter-on-quarter changes tell an interesting story.
The mix of tenure of properties is a substantial yardstick of the attributes of homes in a local market. One of the best parts of the planning system in the UK is that social housing is heavily mixed in with the private stock so we don’t get large geographical divides between people as is the case in urban France. This also shows how many people are renting, which has gone up nearly everywhere in the last ten years.