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Market snapshot


National market

We bring you the latest trends in the UK's housing market, with a detailed focus on Eddie's patch covering (Chorlton, Didsbury, Firswood, Old Trafford, Stretford, Whalley Range and West Didsbury).

Local market round up

Over the last 12 full months there have been 817 sales in M21 & M16 alone (Eddie's patch). This is a -22% change on the previous 12 month period. The average sales price was £215,718.

House prices

House prices across the UK rose by 5.0% in the 12 months to August according to the ONS, up 0.5% on the revised figure for July of 4.5%. Average annual price growth accelerated between July and August in eight of the eleven regions across the UK. 

Economy

Mark Carney, the Governor of the Bank of England has indicated that interest rates will rise in the "relatively near future". Interest rates have remained at their historic low of 0.25% for over a year despite rising inflation. The Monetary Policy Committee who set interest rates will next meet on 2nd November.

We'd love to hear from you. If you’d like to arrange a viewing or a valuation please call the team on 0161 882 2233 today.

 'The best way to predict the future is to create it'.

Yours in estate agency

Eddie

JP & BRIMELOW Chorlton


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