Category: Manchester

Property Market Activity in the UK Remains High – RICS

August 2020 saw another month of uplifts in buyer inquiries and transactions, as the UK property market continued to rebound following months in lockdown. Summary: Data from the Royal Institution of Chartered Surveyors (RICS) shows that activity in the UK property market in August continued to remain high 63% of surveyors reported a rise in interest in residential property over the month, with 61% also reporting an increase in sales The research also found a greater demand for properties with gardens and access to outdoor space following life in lockdown...

UK Property Prices Reach “New All-Time High” – Nationwide

Rapid growth in recent months saw UK property prices in August record their highest monthly rise for 16 years, underlining the sector's resilience. Summary: Average property prices in the UK have reached a new “all-time high” after their highest monthly increase for 16 years in August 2020 Lender Nationwide attributes “pent-up demand” and “behavioural shifts” following lockdown as key drivers behind recent market activity Select Property Group recorded strong global investor demand for UK property in August, particularly from buyers in the Middle East and Hong Kong   Is this...

New UK Rental Market Report Highlights Regional Differences

"A two-speed rental market is emerging" in the UK, as growth and demand falls in London but rises in most regional cities across the country. Summary: New data from Britain’s rental property market shows significant differences for investments in London and the rest of the UK The average rental growth figure for the UK nationally doubles when you exclude the losses suffered in the country’s capital over the last 12 months Demand for rental property continues to outstrip supply in key regional cities such as Manchester   “A two-speed rental...

Manchester Property Development Prioritised Post-COVID-19

Council leaders describe construction in Manchester's property sectors as an "essential" element of the city's economic recovery. Summary: Constructing new residential and commercial property in Manchester will play an integral role in the city’s post-coronavirus recovery strategy Council leaders believe more development is “essential” and will work with developers to sustain confidence in the sector Global investment into Manchester’s property sector remains high, and this commitment from council leaders to support the development sector aims to sustain growth in the coming years   As Manchester’s economic activity reignites from lockdown,...

North-West Leads Latest UK Property Price Growth Projections

New figures show that the region, which is home to cities including Manchester, looks set to post the strongest 5-year property price growth in the UK. Summary: Average property prices in north-west England are forecast to rise 24.1% over the next five years UK property prices collectively are predicted to rise 15.1% by 2024, but average values in London are forecast to rise just 4% over the same period It underlines the north-west’s strength as a property investment location   It’s long been renowned as one of the UK’s high-growth...

UK Property Investment News Roundup: June-July 2020

Select Property Group has reviewed and collated some of the latest news and research published online by the UK property industry, including the latest investment forecasts and trends. Here’s a selection of some key UK housing market news stories published in June 2020, with links to the original sources where you can read the full details. Huge increase in buyer demand a sign of the UK property market coming back to life? Halifax has released its latest UK house price data for June. Naturally, while there continues to be a...

UK Property Investment News Roundup: May-June 2020

Select Property Group has reviewed and collated some of the latest news and research published online by the UK property industry, including the latest investment forecasts and trends. Here’s a selection of some key UK housing market news stories published in May 2020, with links to the original sources where you can read the full details. Student Accommodation Investment: What Will Happen to Prices? On May 12th, Savills’ Director of Operational Capital Markets, James Snaith, analysed the potential impact the ongoing restrictions caused by COVID-19 could have on prices in...

UK Property Investment News Roundup: April-May 2020

Select Property Group has reviewed and collated some of the latest news and research published online by the UK property industry, including the latest investment forecasts and trends. Here’s a selection of some key UK property investment news stories published in April 2020, with links to the original sources where you can read the full detail. Purpose-Built Student Accommodation and the Impact of COVID-19 In April, both Knight Frank and Savills looked at what the ongoing pandemic means for the UK purpose-built student accommodation (PBSA) sector. Firstly, Knight Frank notes...

New Property Report Hails Manchester’s “Strength & Resilience”

Deloitte's 2020 Crane Survey praises the performance of Manchester's property market against a backdrop of wider geo-political factors - and there's also even more promising news for prospective investors... Summary: Manchester has been recognised for its strength as an investment location, with booming construction activity underlining sustained commercial growth in the city However, Deloitte has found that new construction starts have begun to level off But, with current new supply unable to sustain population growth beyond 2021, the city remains vastly undersupplied of residential property – meaning the Manchester market...