UK Property Archives | Select Property Group

11 things to do in Manchester’s Northern Quarter & Ancoats

Whilst glistening skyscrapers and countless cranes represent a ‘new’ Manchester, it only takes a walk around the Northern Quarter to see – and indeed feel – an unmistakably Mancunian sense of pride in its industrial past. A popular hotspot for creatives, young professionals, and post-graduates to live and work, the Northern Quarter is no longer ‘up and coming’, it’s officially the here and now. Self-named ‘NQ’, the district built its reputation on a love for independent businesses, incredible food, world-class nightlife, and one thing you can’t ignore – street art...

Mini-budget stamp duty cut: what you need to know

Up 11% annually, the average UK house price reached a record high of £294,260 in August 2022. While the UK property market remains as resilient and rewarding as ever, rising house prices are making it harder for first-time buyers to enter the housing market. The September mini-budget In an attempt to make buying property easier for UK residents, unveiled as part of the UK government’s ‘mini budget’, Chancellor Kwasi Kwarteng announced cuts to Stamp Duty Land Tax (SDLT) on 23rd September, coming into effect straight away. The Chancellor said:...

Birmingham property prices set to rise by 27%

It’s the UK city everyone’s talking about. Attracting tourists from all over the world, Birmingham ‘exceeded expectations’ for its hosting of the Commonwealth Games between 28th July – 8th August 2022. The international muti-sporting event catapulted Birmingham onto the global stage, showcasing the potential of the UK’s second city for an audience of 1 billion people. But as the banners around the stadium stated, ‘Sport is Just the Beginning’. The legacy of the Games will be felt for years to come. ‘The Commonwealth Games Effect’ Since 1970, the UK...

‘No end in sight’ for Manchester’s supply and demand imbalance

It’s no secret that the performance of the UK property market is underpinned by the limited supply and increasing demand of available property. Seeing consistent growth despite the increasing pressures on the cost of living, the prime rental market is continuing to defy economic conditions as pent up demand and urbanisation soars. Showing no sign of slowing, Rightmove reported over 150 million monthly website visits last quarter, with an increase in searches for keywords such as co-working space, facilities, pets, outside space, and community. Rents continue to break records...

Should you furnish your rental property?

For decades, both furnished and unfurnished properties have generated healthy returns for investors, as well as potential shortfalls. But with factors such as rental yields, upfront costs, and length of tenancy agreement to consider, property investors have long debated the decision – to provide a furnished or unfurnished property? This short guide will help investors navigate the pros and cons of furnishing a rental property, giving a balanced overview of key considerations and tips on the furnishing process. What is a furnished rental property? Although the terms ‘furnished properties’...

Rightmove reports UK rental market is at a record high

Both Rightmove and Zoopla have reported that asking rents in the UK are up 11% annually, making it the most competitive rental market ever recorded. National average asking rents outside of London hit a new record of GBP 1,088 per calendar month (pcm), rising from GBP 982 pcm last year – the first time annual growth has exceeded 10%. What’s causing the rise in rents? Underpinned by a supply and demand imbalance, Rightmove reported that there are more than triple the number of prospective tenants as there are rental...

Why renters are choosing Birmingham

Birmingham’s global profile is growing. From Peaky Blinders to the Commonwealth Games, a spotlight is being shone on the UK’s second city, attracting unprecedented global investment. Projected to achieve the highest house price and rental growth of any UK city over the next five years, Birmingham’s high performance is underpinned by its rapidly growing population and a supply and demand imbalance. But what is attracting renters to live and work in Birmingham? With major projects transforming the city including High-Speed 2 (HS2), the Snow Hill Masterplan and the GBP 500...

The Projects Transforming Birmingham

Birmingham is the UK city projected to see the strongest house price and rental growth over the next five years. Underpinned by a supply and demand imbalance of purpose-built rental apartments, the UK’s second city is attracting unprecedented global investment. Leading the way with forecasted growth of 4.9% every year for the next five years, a property bought in Birmingham today for the average price of GBP 238,581 would be valued at GBP 303,049 come 2026, as the table below shows. Area Average property price Growth per year Value in...

What Will Affinity Living Bring to Birmingham?

The UK’s second city is topping every property price and rental growth forecast for the next five years. With projected house price growth of 4.9% per year and rental growth of 2.8%, JLL attributed Birmingham’s high performance to key factors such as the Commonwealth Games 2022 and High-Speed 2 (HS2), both of which have already created thousands of new jobs and increased Birmingham’s global profile. Other factors are key infrastructure and regeneration projects across the city, including a GBP 50 million investment into Snow Hill station and the surrounding area...

What Are Birmingham’s Tenants Looking For?

With a population growing by 10,000 people a year, property demand in Birmingham is far outweighing supply. This housing shortfall is expected to be over 28,000 homes by 2031, underpinning Birmingham’s performance a prime investment location. Kickstarted by millions of tenants returning to the office this year, the urbanisation trend has triggered strong rental growth in the UK’s largest urban centres. Recent data from Rightmove’s quarterly Rental Trends Tracker reveals that Birmingham has not only bounced back from the declines caused by the pandemic but has hit double digit growth and...

Property Insights Podcast

Category: UK Property

11 things to do in Manchester’s Northern Quarter & Ancoats

Mini-budget stamp duty cut: what you need to know

Birmingham property prices set to rise by 27%

‘No end in sight’ for Manchester’s supply and demand imbalance

Should you furnish your rental property?

Rightmove reports UK rental market is at a record high

Why renters are choosing Birmingham

The Projects Transforming Birmingham

What Will Affinity Living Bring to Birmingham?

What Are Birmingham’s Tenants Looking For?

The Blade, Manchester

Victoria Residence at Crown Street Manchester

Affinity Living Embankment West Manchester

Vita Student Park Place

Affinity Living Riverview Manchester