Predictions suggest that the market will continue to rise slowly as the year progresses but that London could lose out – according to research by Rightmove, prices in the capital will fall by around 2%, while homes across the rest of the country will increase in value.
So, what does this mean for our clients? For investors, January is a great time to start thinking about adding to your portfolio. If prices are set to go up, then why not grab a bargain before the competition really kicks in during the summer busy season?
This piece of advice also applies more broadly. While people’s thoughts do start turning towards moving when New Year’s resolutions are made, many don’t actually put their best foot forward until spring, meaning that prices might remain more affordable in the mean time.
And if you’re new to property ownership, it couldn’t be a better time to buy: the great news for late 2017 was that stamp duty has been scrapped for first-time buyers on properties up to £300,000!
For the tenants among our readers, there’s due to be a range of new developments opening up in Manchester over the next couple of years, which should ease the continued shortage of rental property in the area. It’s wise, then, to keep an eagle eye on the property books if you’re thinking of moving as new places are sure to be snapped up as they hit the market.
…and New Year, New Us, Too!
As some of you may already know, our Salford Quays office has moved. We’re not far away, though – we are now just around the corner from the old office, having taken up a unit just under the Sovereign Point development.
We’re excited to have a fresh, new look and are ready to start 2018 with a bang! Why not pop in next time you’re at Salford Quays to say ‘hello’? We look forward to showing you around and discussing your property needs while you’re with us.
Win a Valentine’s Day treat by sharing your fave things about Manchester
You can win an overnight stay and meal for two at a Manchester hotel on the 17th February
by ‘liking’ our facebook page and telling us what three unique things you
love about Manchester!
You have between the 1st and 12th February to let us know and our favourite answer will win.
Visit us at: facebook.com/julietwistproperties
An exclusive new development coming soon
40-42 John Dalton Street
A mixture of one and two bedroom apartments
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