(covering reddish, dane bank, denton, debdale and gorton)

Category: property market news

Property Vs pensions – which is best for your retirement?

As we grow older, we begin to think about life after work, and begin to imagine how retirement may be for us. One of the biggest considerations for retirement is money and how you are able to fund your retirement.

Many Brits believe that property is the best way to generate money and to begin to build a retirement fund, but is this truly the most effective route to take?

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How many cars per household?

The profile of car ownership is a great signal of the practical needs of residents in a local market. Most households have a car, but the number owned varies enormously based on the type of area. For example if you live in a one bedroom flat in a city you’re much less likely to own a car than if you live in a commuter suburb.

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Prices in last few months (flat vs house)

We wanted to take a look at how overall average prices of flats and houses have changed in the last eight months. This is quite a short time frame so there’s a fair bit of volatility from month to month but the story it tells is an interesting one nonetheless.

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Quarterly index of sales by house type

This chart has indexed the levels of transactions for flats and houses over the last eight quarters. That means it takes the actual level of sales at the start of the period and converts them to 100, and then you can see the relative changes running up to the present. It should be noted that the smaller the number of properties, the more extreme the volatility.

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Statistics show more good news ahead for Reddish

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 bouyant the market is at the moment. Here are just three of the reasons why homeowners in Reddish should be grinning.

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Socio-demographics

The socio-economic profile is a telling measure of the constitution of people in a local market. We have to be careful when talking about the economic profile of local residents because no statistical measure will really illustrate the character of an area. However, we’ve used the governments ‘NS-Sec’ classification data on our area, which defines local residents in those terms.

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Prices by type over the last few quarters

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.

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Annual transaction levels split by type

Have you ever wondered how many people buy flats in the local area as opposed to houses? Wonder no longer. We’ve done the analysis, which shows the most recent split as well as two years’ worth of quarterly data. This is useful information for anyone with an interest in the local market because it affects the overall market dynamic.

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Has flexible working changed the Reddish property market?

Defining the modern working week in 2018 isn’t a straightforward process. As we embrace technology, the lines between daily commutes to work and working from remote locations become less transparent. From a property perspective, this means people with flexible working patterns can be more selective about the location of their next home. But what does this mean for Reddish?

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Landlord gas safety regulations 2018

It gives me pleasure to share some good news for landlords with respect to proposed changes to landlord gas safety regulations and responsibilities.

Current landlord gas safety responsibilities

If the property is supplied with gas, a landlord has the responsibility to ensure the gas appliances are safe and checked by a qualified GasSafe registered engineer.

The gas engineer is to issue a gas safety certificate confirming the appliances have been tested and are safe to use. A copy of said certificate is to be given to the tenant.

The landlord thereafter has the responsibility to have an annual gas safety check with a new certificate issued after each annual visit.

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