Category: Housing Affordability

First Time Buyers Pushing Affordability Boundaries

by macwitney, posted in Housing Affordability, Housing Update, latest statistics, market summary, property demand, property sales
  • The latest NAEA report suggests that some first-time buyers, particularly in areas outside of London are pushing themselves further in order to maximise the benefit of stamp duty relief. In this way, they suggest, they are skipping the traditional first home and making the jump straight up the ladder to what might previously have been their second purchase, thus also saving on future stamp duty costs.
  • While shrewd of first-time buyers, if this becomes more widespread, pressure is likely to intensify on next rung of the ladder making it harder for those true ‘second-steppers’ who wish to move up the ladder out of their first home.
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Continue reading “First Time Buyers Pushing Affordability Boundaries” →

Property Prices for 6 Nations Countries

by macwitney, posted in Housing Affordability, Housing Update, latest statistics, property sales

House prices can’t predict rugby or can they?! Last year’s first and second placed teams were also top of the leaderboard in terms of annual house price growth.

  • The six nations 2018 Championship gets underway at the weekend with England looking to defend their 2017 title.
  • Should the same occur this year, based on current rates of annual house price growth, it looks like Ireland will swap places with England as Champions.
  • No chance…..20180130-6_Nations_Rugby.png

How Much More? New Build ££

by macwitney, posted in Housing Affordability, Housing Update, Local Info, market summary, Property Development, Property Investment
  • Historically, experience tells us that the premium paid for new build properties increases in a strong market but narrows again in a slower market as developers reduce prices in order to achieve sales.
  • While not directly comparing like for like, it does raise some interesting questions. Few would say that 2017 was a particularly strong year for the market and yet the new build premium continues to rise.

Continue reading “How Much More? New Build ££” →

Looking ahead – Predictions for the West Oxfordshire Property Market in 2018

by macwitney, posted in Housing Affordability, Housing Update, latest statistics, Local Info, market summary, New build, Property Development, property sales, rental property

Supply & Demand – Population

Local government forecasts predict a 29% increase in the population of the Witney area over the next 10 years. Coupled with the exceptionally low rate at which we are building new homes and sales volumes (the number of properties sold) dropped by 19% in 2017 (compared with 2016) and the market fundamentals remain out of balance. Continue reading “Looking ahead – Predictions for the West Oxfordshire Property Market in 2018” →

Witney and West Oxon Property Forecast…..Where are we now and what is next..

by macwitney, posted in Events, Housing Affordability, Housing Update, latest statistics, Local Info, market summary, mortgages, Property Investment, property sales

Blanket Hall SketchOn 9th November 2017, four professionals from some of Oxfordshire’s local businesses gathered together to present at the historic Witney Blanket Hall on investing in Oxfordshire property.

If you missed the presentation or in the absence of the Great British Bake Off you’d like to watch a video of the presentation then this is available on our facebook page which can be accessed here FB.

If you would like to download the slides from the presentation, you can do so here – http://bit.ly/seminarslides

 

Rose Tinted Spectacles? Looking back at the crash…10 years on

by macwitney, posted in Housing Affordability, Housing Update, latest statistics, Local Info, market summary

crash

Ten years on from the housing crash and it’s worth taking stock and looking back. Counter-intuitively, in 58% of wards, residential properties are selling for less now, after accounting for inflation, than they were in 2007. Continue reading “Rose Tinted Spectacles? Looking back at the crash…10 years on” →

How Much?! UK Average Property Prices £/m2

by macwitney, posted in Housing Affordability, Housing Update, latest statistics, Local Info, market summary

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The ONS has just released average house price data per square metre for properties across England. At a regional level, a buyer in London should expect to pay around £6,639 per square metre (£617 per square foot). More locally, we’ve identified the cost in £/ metre and feet – depending on your vintage! Continue reading “How Much?! UK Average Property Prices £/m2” →

West Oxfordshire Property Event

by macwitney, posted in Events, Housing Affordability, Housing Update, insurance, latest statistics, Local Info, market summary, mortgages, property demand, Property Investment, property sales, rental property, Tax

Blanket Hall Sketch

Would you like to know more about investing in local property? Whether you’re a seasoned landlord, just dipping your toe in the water or on a fact finding mission then this event is essential to get all the latest facts, tips and critical information to get the very best advice about investing in property in West Oxfordshire. Our panel of experts from local, Witney businesses are on hand to dispense free advice at 6pm on Thursday 9th November at the historic Witney Blanket Hall. Experts from Everyman Legal (solicitors), M Group (accountants), Martin & Co (local property experts) and London & Country (mortgages) will be on hand after the 1 hour presentation to answer any further queries you may have. We’ll even provide something to eat and drink!

Please register now for your free tickets as spaces are limited: witneypropertynews.com or look on Facebook for Martin & Co Witney for more details

BOOK TICKETS HERE

Property Event Poster Image

It’s Official – West Oxfordshire best in England!

by macwitney, posted in Housing Affordability, Housing Update, latest statistics, Local Info, market summary, property sales

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  • Research for BBC’s Radio 4’s Woman’s Hour has named the English local authority of West Oxfordshire as the best place to live in England if you are a woman.

Continue reading “It’s Official – West Oxfordshire best in England!” →

The growing market – the impact of migration and the retirement generation on West Oxfordshire property prices

by macwitney, posted in Housing Affordability, Housing Update, latest statistics, Local Info, property demand

Household numbers

In their election rhetoric all the political parties informed us that the UK is experiencing a ‘housing crisis’, with all promising to deliver an additional million homes by the end of 2022. But what homes are needed and for whom? Here we look at one specific and growing market, the retirement generation.

Continue reading “The growing market – the impact of migration and the retirement generation on West Oxfordshire property prices” →

How has the affordability of Oxfordshire housing changed over the last 14 years?

by macwitney, posted in Housing Affordability, Housing Update, latest statistics, Local Info, market summary

The Office of National Statistics (ONS) have just released their latest figures regarding housing affordability ratios. These are calculated by dividing house prices by gross annual residence-based earnings and can be used to track how affordable average homes are across Oxfordshire. Continue reading “How has the affordability of Oxfordshire housing changed over the last 14 years?” →

House prices are set to grow by 3.4% in 2017

by macwitney, posted in Housing Affordability, Housing Update, latest statistics, Local Info, market summary, property sales

house-price-growth-2017
The OBR (Office for Budget Responsibility) predict that house prices will increase by 3.4% during 2017. This would make the average home across England and Wales £236,890 by the end of the year, a rise in value of £7,789. Continue reading “House prices are set to grow by 3.4% in 2017” →

National Sales & Lettings Report

by macwitney, posted in Brexit, Housing Affordability, latest statistics, market summary, property sales

For a free copy of the very latest sales and lettings report, please click the link at the bottom of this post. The national report covers:

  • Overview of sales and lettings markets
  • Latest statistics on rent values and tenant demographics
  • Landlord sentiment post-Brexit and Stamp Duty reform

We hope you’ll find this to be an interesting and informative read. Don’t forget our latest Cotswold report is packed with local information to help you navigate the property maze.

LATEST SALES & LETTINGS REPORT

We look forward to hearing from you

Brendan Kay
Managing Director – Martin & Co Witney and Cirencester
brendan.kay@martinco.com

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Local Perspective on the Property Market

by macwitney, posted in Housing Affordability, insurance, latest statistics, law, Local Info, market summary, mortgages, Property Development, Property Investment, property sales

20161012-img_0068The historic Witney Blanket Hall was a stunning backdrop for the second Witney Property Seminar hosted by a range of locally based, professional businesses with experts in law, mortgages, tax, insurance and property. Continue reading “Local Perspective on the Property Market” →

Cotswold Housing Affordability

by macwitney, posted in Housing Affordability, latest statistics, Local Info, market summary

A recent news article from the BBC highlighted the issues surrounding housing affordability around the country. We’ve extracted the local information to build a local picture for ease of reference. Experts recommend spending no more than 30% of your salary on housing which is where the ‘affordability’ figure comes from:

Cotswold Housing Affordability