Weekly Housing Report – 22/02/22

Welcome to the new Flambard Williams weekly housing report blog. Starting this week we will be bringing you direct information from Zoopla to share exactly what is currently happening in the UK property market.

Sales applicant demand 51% above 2021 levels

The strong start to the year has continued throughout this month as the demand has stabilized. However, we expect to see this increase into the spring as the housing market heats up again.

Flow of new inventory 12% above 2021 levels

The flow of new properties coming to market continues to be much stronger than 2021 but an overall imbalance between supply and demand is still nearly 30%. The main reason is that construction got back on its feet after the lockdowns. However, we are still well behind the demand hence the constant increase in property prices.

Sales applicant demand eases in London

Demand looks uniformly stable across all regions apart from London which has fallen for the fourth week running. Again, another reason why we point to the North of England when it comes to investing. Buy to Lets in Manchester, Liverpool and the Northern Powerhouse areas have long outperformed London.

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POTM – Waterside

Completed Development

Waterside Location | Prices start from £220k | Fully Managed Tenants | Returns of circa 5%

Waterside is a collection of 108 contemporary apartments set beside Manchester’s historic Bridgewater Canal. The building completed in 2020 to meet the growing demand for quality accommodation near Manchester’s key employment hubs.

With global brands such as Amazon and Deloitte expanding headquarters in the city nearby, the development offers the perfect lifestyle balance for young working professionals looking for comfort and convenience.

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