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Prices up, Sales down – the latest Rightmove Property Index

  • New-to-the-market sellers push their asking prices up by another 0.8% (+£2,343) to a record high of £308,075
  • Seven out of 11 regions achieve their highest ever asking prices, with year-on-year price increases of over 4% in East Midlands, West Midlands and Wales
  • Record visits to Rightmove indicate strong interest in property, but uncertainty and stretched affordability have dented sentiment leading to more hesitant buyers and sellers in some areas:
  • Number of sales agreed by estate agents so far in 2018 is down 5.4% on the same period in 2017

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10 Things Every Landlord Must Know

We have been established for 17 years, serving landlords and tenants in the Cheadle area and across Stockport generally and take enormous pride in our reputation for looking after our clients. During those years running a letting and property management agency, there’s not much we haven’t seen or experienced! [···]

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What does the 2017 Autumn Budget mean for the Cheadle & Stockport housing market?

 

 

 

 

 

 

 

So Chancellor Philip Hammond has delivered his second budget earlier today and urged the UK to “Seize the opportunities” from Brexit, whatever they may be exactly! And he has also promised to tackle deep-seated economic challenges “head on”. We must wish him the very best of luck

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How best to increase the value of your home

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When it comes to selling your home, the goal is to achieve more than the initial price you paid when you bought it. A significant amount of your home’s resale value will be affected by the appreciation of house prices in Cheadle, where average sales values have risen by 27.0% over the last 10 years. However, if you want to achieve the maximum sale price for your property, there are several home improvements you can make that will add to the overall value.

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When cheap isn’t very cheerful

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Estate agents’ fees are always a hot topic! And it is true they can vary wildly.

In many parts of Stockport, fees can vary from 0.5% to 1.75% and there is considerable variation right across the country in every town or city. There are also online or low-cost agents offering headline-grabbing fees. Ignore their slick marketing and this misconception that they don’t charge fees! They are not a charity! They just start with a low base fee and add-on for this, that and the other! Thankfully despite some impressive growth figures, the online/hybrid agents still only represent a very low share of the market. [···]

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How will the property market perform in 2017?

crystal-ball-2To predict what might happen in a national or local housing market over the next twelve months is incredibly difficult!

However, in order to take an educated stab, you must first look at the prospects for the economy, as this dictates the countries mood and how much money people have to spend. Doom and gloom headlines in the press or a rosy outlook can have a significant impact on consumer confidence and this can directly impact on how house prices will perform. [···]

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