December 16, 2019
Data released by The Office for National Statistics states that house prices in the UK have, on average, increased by 1.3%; a strong position considering the political uncertainty sweeping the UK in 2019. Scotland, Wales and Northern Ireland saw an average of 3% with England averaging at 1%, with a quick comparison to last year showing an average price rise of £3,000.
Region, Region, Region
Regionally, the strongest locations continue to be across North of England with a predicted rise amongst the South of the country over the next few years. London is still slightly behind in terms of price growth but is predicted to catch up over the coming years.
The effects of Brexit
As the year ends, it is fair to conclude that Brexit has influenced the growth of house prices, even with this noted increase. August and September saw the same growth figures reducing further, but October saw those figures start to creep up slightly again with a 0.3% rise. This positive result and the outlook for the future of UK property seems to have been supported by current levels of employment and low borrowing costs for buyers. This appears to have offset the reduced confidence in the property market and should reinforce trust for the New Year.
New Homes surge
New build houses are rising at an accelerating rate compared to the existing housing stock. This can be down to them having better features and more amenities. The current property shortfall also contributes to this with newly built homes being in high demand resulting in a higher asking price. This trend currently leaves the average price of a new build property at £316,789, with existing homes currently sitting at £245,173 according to data provided by Zoopla.
Interestingly, homes located in leave voting areas have seen an average of 9.97% overall growth since 2016, with remain voting areas growing on average of 8.13%. However, this should be viewed as a coincidence instead of a direct correlation as many other local factors contribute to this. The position of both leave and remain areas shows another positive result for price growth over these last few uncertain years.
Even with the General Election, the market’s continued success is some good news to hold onto over the festive season. Christmas time is usually associated with a slight slowdown in the buying and selling process, but this year sees the market slowly aligning to others as a busy period. More valuations and home improvements from sellers shows that people are choosing to use their time at Christmas to take hold of a great opportunity and get their house on the market. It’s a solid place on the Good List this Christmas for the property sector this year!
December 5, 2019
If your Letting Agent is telling you that the market is quiet or that there are no tenants looking this close to Christmas and other similar phrases, are they really telling the truth?
December 2, 2019
The countdown to Christmas has officially begun! 2019 saw a ho-ho-host of festive addresses sold across England and Wales and here’s just a few!
If you’re seriously thinking about selling your property in 2020, we’d highly recommend bringing your property to market now in order to beat the post-Christmas rush!
Did you know…
Online property searches double over the Christmas and New Year period.
On average, there’s a 20% increase in people searching online for their next home.
Over 1.7 million people visit Rightmove on Boxing Day, with 9.00 pm cited as last year’s prime property-surfing time.
Over 2.3 million people visit Rightmove on the 29th December.
Over 3.3 million people visit Rightmove on the first day of the New Year.
Don’t forget the last posting date for Christmas is Wednesday 18th December for second class and Friday 20th December for first.
November 27, 2019
On the market with Reeds Rains is a one bedroom apartment being sold with a tenant in situ, providing a rental income from completion day…
November 26, 2019
I want to give Jade Walker a warm welcome as she joins me and my team in Heaton Moor. Jade joins us as a professional viewer so keep an eye out for her out and about the Heatons.
November 21, 2019
I wanted to showcase a two bedroom terrace in Heaton Norris, new to the market at a guide price of just £145,000…
November 21, 2019
The worlds most popular musical is coming to Heaton Moor at the Savoy. Coinciding with it’s 35th triumphant year in the Londons West End cinema, audiences can experience a live broadcast of the musical phenomenon. Seen by over 120 million people worldwide, the amazing musical is sure to be a brilliant night. Viewing will be Saturday 7th December at 20.30pm till 23.30pm & Sunday 8th December 12.30pm till 15.30pm.
November 21, 2019
Taking place on Sunday 1st December, the Heatons Christmas Festival is one the highlights in the SK4 calendar. Organised by the Four Heatons Traders Association, there is a Super-Sized Heaton Moor Market, Local Choirs, a Mini Funfair, Santa’s Grotto and festive food / drink in all the surrounding restaurants and bars. If you could spare a little time and help launch Christmas in The Heatons, please visit the 4HTA website and join as a volunteer. See you there
November 21, 2019
Following on from the very successful Halloween Trail, the Heatons Traders are now focussing their creative juices on creating Snowmen for a ‘Christmas Snowman Trail’. Kids…..We need Your Help! Father Christmas has forgotten the names of his Snowmen. Help him out by picking up a trail form from outside Thom’s Bar and find the Snowmen and complete the names. Please let us know your favourite display by using #heatons. When you have seen the Snowman, simply scan the QR code which can be found at each business window. The trail runs from 1st December till the 14th December.
November 18, 2019
Making a good first impression is key when presenting your home for sale. Potential buyers and renters are always extra vigilant when it comes to viewing properties, from the front gate to the back garden, meaning it’s even more important to present your home in its best light from the off. But even if you’re not looking to sell up, there’s something to be said for sprucing up the front of your home.