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

Category: property market news

Sales by house type over in recent years

The rate at which properties are sold in the market is probably the best indicator of what we in the trade call ‘buoyancy’. In this chart, we show the number of properties which have been sold each year since 2008.

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What would more rate rises mean for Reddish?

In the residential property world, the most important macroeconomic indicator we’re obsessed with is interest rates. Interest rates are the main tool the government uses to cool down the market when it shows signs of overheating. They have a massive impact on the housing market because they determine what your mortgage costs every month.

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Local occupancy ratings

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.

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The annual sales split (houses vs flats)

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.

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Property prices by house type

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.

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How best to increase the value of your Reddish home

When it comes to selling your home, a significant amount of your home’s resale value will depend on what’s happened to the Reddish market as a whole. Here average sales values have risen by 8.5 percent over the last ten years. However, there are several tactical decisions you can make to push up the final price.

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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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