The Office of National Statistics (ONS) have just released their latest figures regarding housing affordability ratios. These are calculated by dividing house prices by gross annual residence-based earnings and can be used to track how affordable average homes are across Oxfordshire. Continue reading How has the affordability of Oxfordshire housing changed over the last 14 years?
Source: Homelet Rental Index (January 2017 data)
The OBR (Office for Budget Responsibility) predict that house prices will increase by 3.4% during 2017. This would make the average home across England and Wales £236,890 by the end of the year, a rise in value of £7,789. Continue reading House prices are set to grow by 3.4% in 2017
I saw an article recently highlighting the most active housing markets in the UK and this made me wonder how Oxfordshire and the surrounding areas compared.
For a free copy of the very latest sales and lettings report, please click the link at the bottom of this post. The national report covers:
- Overview of sales and lettings markets
- Latest statistics on rent values and tenant demographics
- Landlord sentiment post-Brexit and Stamp Duty reform
We hope you’ll find this to be an interesting and informative read. Don’t forget our latest Cotswold report is packed with local information to help you navigate the property maze.
We look forward to hearing from you
Managing Director – Martin & Co Witney and Cirencester
The historic Witney Blanket Hall was a stunning backdrop for the second Witney Property Seminar hosted by a range of locally based, professional businesses with experts in law, mortgages, tax, insurance and property. Continue reading Local Perspective on the Property Market
A recent news article from the BBC highlighted the issues surrounding housing affordability around the country. We’ve extracted the local information to build a local picture for ease of reference. Experts recommend spending no more than 30% of your salary on housing which is where the ‘affordability’ figure comes from: