In Britain, there are 27,071,500 households, of which 17,044,450 are owned and are worth a total of £3,925,865,212,950 (£3.92 trillion). Over the last 5 years, an average of 86,096 properties sell each month, meaning just over a million UK households move home per year. Therefore, the average British homeowner moves [...]
With most Stockport families home schooling their children in lockdown and the forthcoming Stamp Duty Holiday deadline on the 31st March 2021, less Stockport properties have been coming onto the Stockport property market since the new year. This has prompted a 12% drop in the supply of Stockport homes for sale compared [...]
When William the Conqueror invaded our fair shores in 1066, like all good kings, he needed to buy loyalty and raise cash to build his castles and armies. He did this by feudal law system and granted all the faithful nobles and aristocrats with land. In return, the nobles and [...]
...and the three reasons why it will not be the catastrophic scenario some are predicting In the last few months, the Stockport (and UK) property market has resisted and flouted every economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track [...]
Looking back at the Stockport property market for 2020, it certainly can be seen as a frenetic game of two halves, albeit with a very long half time in the spring. Between the General Election in mid-December and Christmas, many Stockport agents saw an unusually higher uplift in activity in [...]
Stockport homebuyers and Stockport landlords purchasing residential property have saved £506,690 since the Chancellor reduced stamp duty on 8th July 2020, yet many more Stockport homebuyers could miss out. My analysis of properties sold in Stockport from the Land Registry between the introduction of the stamp duty holiday on 8th [...]
The Government is on track to borrow £400bn because of Coronavirus and that needs to be paid back at some stage. Last year alone, before Coronavirus, the Government brought in £824 billion in taxes whilst they spent £887 billion, meaning they had to borrow £63 billion. In fact, the last time [...]
The Chancellor announced on Wednesday 8th July in his mini Budget some interesting news for Stockport homeowners and Stockport landlords. Rishi Sunak is going to give ‘The Green Homes Grant’ of up to £5,000 to cover two-thirds of the costs of environmentally friendly upgrades to your Stockport property, with the [...]
The British are infatuated with owning their own property and politicians know that. Margaret Thatcher used it as a vote winner in 1979 when she allowed council house tenants to buy their own home. Coming to the present day, Boris Johnson’s Conservative government have anxieties that the Brits have not been buying [...]
One of my Stockport landlords contacted me last week from Didsbury, after he had spoken to a landlord friend of his from Bramhall. He told me they were deliberating the Stockport property market and neither of them could make their mind up if it was time to either sell or [...]
