The Chancellor Rishi Sunak announced two initiatives to keep the Stockport property market firing on all cylinders into 2021. Firstly, the £500,000 zero-rate Stamp Duty band has been extended to the 30th June 2021. After then it will phase down to £250,000 for an additional three months, returning to the [...]
Has there ever been a better time for Stockport home sellers? The Stockport property market, for people looking to sell, is at its sturdiest for at least the last five years with home buyers jumping onto the Stockport property ladder with abandon. Stockport house prices are anticipated to rise throughout [...]
Amstone Ventures has acquired the 3.3-acre former Sainsbury’s site in the town centre for a £100m build-to-rent development. Sainsbury’s closed its doors at the Warren Street site in January and has now concluded the site’s sale. Architect Leach Rhodes Walker is drawing up plans for a scheme including apartments and [...]
The Chancellor of the Exchequer, Rishi Sunak, has stated the Stamp Duty Holiday for Stockport properties up to £500,000 will be extended from 31st March 2021 to the 30th June 2021; and to ensure we don’t have a cliff edge, from 1stJuly 2021, the Stamp Duty Holiday will apply only on properties [...]
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 [...]
A public consultation has begun that will ask for opinion around extending Selective Licensing to four new locations in the city totalling around 1,402 private sector homes, those areas include; Clayton and Openshaw - approx 105 PRS properties Harpurhey - approx 430 PRS properties Two areas of Gorton and Abbey Hey - approx 867 PRS properties If [...]
...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 [...]
