The 7am CutIn the news this week: house prices rise the for fifth month in a row; Manchester and Liverpool remain top cities for house price growth; and we review what is in it for the UK property sector in the spring budget… |
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Spring Budget: What’s in it for the UK property sector?“There were high hopes that this spring budget was going to contain more measures to alleviate some of the issues facing the UK property sector at the moment; including affordability issues, not enough new homes being created and difficulties within the private rented sector. Below are some of the main points from the spring budget that are likely to affect the housing market”…
– Eleanor Harvey, BuyAssociation |
House prices rise for fifth month in a row“Cheaper mortgages are attracting buyers back to the housing market, says Halifax. On average, prices increased by 0.4 per cent last month compared with January, according to Halifax. The high street lender estimates that the average house price in the UK is now £291,669, 1.7 per cent higher than at this time last year.”… – Tom Howard, The Times |
Manchester and Liverpool remain top cities for house price growth“The UK housing market has been described as having “three speeds” as performance varies across the country, but Manchester and Liverpool continue to stand out. Honing in on England specifically, the two top-performing cities in terms of annual price growth were Liverpool and Manchester, where property prices increased by 1.1% and 0.8% respectively in the year to January. While this is down on last year’s figures of 6.3% and 6.4% respectively, the cities have the strongest outlook at the moment”… – Eleanor Harvey, BuyAssociation |
£140m Manchester office block given green light“Manchester City Council has granted HBD planning permission for the £140m scheme under delegated powers. Reaching 16 storeys, Colloco boasts a blue facade and would be constructed on the corner of New Quay Street and Gartside Street on the site of LTE Group’s former Manchester College”… – Dan Whelan, Place North West |
Plan for new business hub in Stockport could create hundreds of jobs“If approved, the new hub could create more than 200 new jobs and contribute up to £12 million to the economy once complete, consisting of more than 4,000 square metres of floor space.”… – Declan Carey, Manchester Evening News |
