I have been doing some research, looking both at National and Regional reports on the demand and supply of property and people together with future projections on the economy, population and family demographics with some interesting results. According to the Office of National Statistics, in the last financial year nationally, private renting grew by 74,000…
Tag: Property
54% Drop in Properties For Sale Today in Beverley Compared to 10 Years Ago
There is good news for Beverley buy to let landlords as ‘top of the range’ well-presented properties are getting really decent rents compared to a year ago however, this rise in rents is thwarting many potential first time buyers from saving for both a deposit and money for a rainy day. On top of this,…
Beverley Property Market – Asking Prices Down 6.1% in the Last 12 Months
The average asking price of property in Beverley dropped by 6.1% or £17,115 compared to a year ago taking the current average asking price to £261,995, compared with £279,070 this time last year. The overall drop in asking prices is being put down to sellers being more realistic with their pricing and looking to benefit…
£697 pcm – The Average Beverley Rent
The rents paid by Beverley tenants are now standing at £697 per calendar month (PCM), a rise of 1.37% year on year and 0.33% lower month on month. However, this attention-grabbing monthly rent figure masks stark differences in the various different parts of the Beverley rental market. Demand in Beverley for high quality family homes…
Beverley Millennials Have Spent £98,108 On Rent By The Age of 35
The Millennials were born between the mid 1980’s and late 1990’s thus making them between the age of around 22 to late 30’s. They are the imaginative, artistic youngsters who grew up with the newest tech and computers and who are huge aficionados of music festivals, gourmet pizzas, emoji’s, selfies and old school nostalgia. Also…
Beverley Property Market – Which Houses are Actually Selling?
Beast from the East, Russia, Facebook, Brexit, Trump, House prices up, House prices down … the Press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging a national group of letting and estate agents,…
28% Less Beverley Home Owners Wanting to Move Than 12 Months Ago
As I have mentioned a number times in my local property market blog, with not enough new-build properties being built in Beverley and the surrounding area to keep up with demand for homes to live in (be that tenants or homebuyers), it’s worrying to note that less Beverley home sellers are putting their properties on…
Home Ownership Amongst Beverley’s Young Adults Slumps to 58.18%
Homeownership Amongst Beverley’s Young Adults Slumps to 58.18% The degree to which young Beverley people are locked out of the Beverley housing market has been revealed in new statistics. A Beverley landlord was asking me the other week to what effect homeownership rates in Beverley in the early to middle aged adult age range had…
211 First Timer Buyers in Beverley Bought Their First Home in 2017
211 First Timer Buyers in Beverley Bought Their First Home in 2017 A little bit of good news this week on the Beverley Property Blog, as recently released data shows that the number of first time buyers taking out their first mortgage in 2017 increased more than in any other year since the global financial…