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Category: property market news

Property market predictions for 2020

Now that 2019 is over, it is time to look to the year ahead and what is expected to be a strong year for property. Now that there is a majority government and uncertainty around Brexit seems to be assuaged, the outlook for 2020 is strong – read on to see what’s in store.
2019 proved to be a year of resilience for the property market, with prices maintaining steady growth, and a resurgence in the first-time buyer market evident for all to see.

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Design trends to look out for in 2020

We’re moving into a new decade, and so the last thing that you want is for your home to look dated. Throughout 2019 we have seen some extreme trends in interior design; from the embracing of industrial elements to the resurgence of entirely neutral spaces. We have taken a look at what to expect this year and how to get ahead with your design aesthetic, whatever your budget.

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Young people and shared ownership

With the wealth of options out there to help people onto the property market, it is no surprise that the number of first-time buyers has steadily been increasing, with numbers currently at an 11-year high. However, outside of the government’s Help to Buy scheme, it seems that young people do not understand their other purchasing options – chiefly that of shared ownership.

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House Prices Increase by 1.3%

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.

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New Year New Home

There is often speculation as to when is the best time to sell your home. Sellers often wait for certain times in the year that may be construed to be better than others. If you feel like you are ready to sell, you should seek a valuation and consider whether it is the right time for you, as it may well be right now.

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Tips to Sell your Home this Christmas

There are some things that the British public simply cannot believe at this time of year; how cold it is, how dark it is and, above all, that it’s nearly Christmas. Nevertheless, Christmas is indeed upon us and if you are selling your home, or thinking of selling your home, you may be under the impression that it’s not the optimum time to bag a sale. Our top tips to sell your home at Christmas will show you that not only is it possible to sell your home during the festive season, it is a doddle.

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Baby, it’s cold outside!

84% of all new build properties sold across England and Wales in 2019 to date sold with the highest energy rating of A/B, the figure for re-sale properties is just 7%.

However, re-sale properties sold in 2019 with an A/B rating have attracted a 8.6% price premium, the equivalent to £24,000 compared to those sold with the average UK energy rating of D.

Installing a new boiler, central heating, cavity wall or double glazing are all liable to offer an immediate return on investment if you’re looking to make your home cosy this Christmas.

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welcome alix!

I wanted to give Alix Johnstone a warm welcome as she joins our Didsbury team and starts her journey with us as a Lettings Negotiator. I am so happy to have Alix on board and if you have any queries lettings related, please give myself or my team – Jordana and Alix a call – 0161 249 5160

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How to increase your kerb appeal

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. 

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DO HOMEOWNERS AND LANDLORDS THINK TECHNOLOGY CAN HELP?

The government has announced an initiative to use proptech (property technology) to “digitally transform house-buying”, helping to speed up how we build and sell homes. However, research by KMPG suggests just 58% of real estate companies have a digital strategy in place.

Most companies use prop tech to streamline processes and reduce costs but 40% cited customer engagement as a motivation for adopting proptech solutions.

Findings from the Property Academy HomeMoving Trends, Landlord and Tenant Survey, analysed by Dataloft and based on 15,000 responses, suggested that using technology has and will have a positive impact on the experience of buying/selling and letting.

Easing paperwork, aiding reference checking, and creating options for virtual viewings were all seen as positive ways in which technology can aid the move process. Using tech solutions to share local market knowledge was highlighted by over one third of respondents.

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