Mark Manning's Property Market Update - November
Hi there, welcome to our market update for this month. I was with you a couple of weeks ago talking about the impacts of Brexit on the market and I'm here now being able to share with you some figures that we've seen over the last couple of months.
Certainly when comparing them to the same three months of last year and overall the story is really good we've seen a 7% increase in the number of new properties coming to market, a 10% increase in the number of properties selling those all sound great a headline level but you know for me the really really positive story is that there's been an 8% increase in the number of first-time buyers out there searching for their next property, that group are absolutely crucial to the fundamentals of the market, they help start those chains. The Chancellor gave them a break in his most recent budget and seeing those people out there just gives you an idea of how good the market is right now.
There some great mortgage deals available and that's some great rates.
Thinking ahead, the next couple of months, always for us we start to see a slight reduction in activity as we push on understandably towards Christmas and new year break.
But you know we've had some great news recently out there in our Leeds marketplace. Channel 4 are moving their regional headquarters up to this very City what a great story that is! 200 new jobs, it just gives you an idea of how vibrant and popular this place now is to live.
That such a fashionable and important business is deciding to site their headquarters here and the impact that will have coming into the new year I think could be really profound as we see more and more businesses move up this way so what's in store in 2019, well you have to stay in touch with these updates!