The growing market – the impact of migration and the retirement generation on West Oxfordshire property prices

Household numbers

In their election rhetoric all the political parties informed us that the UK is experiencing a ‘housing crisis’, with all promising to deliver an additional million homes by the end of 2022. But what homes are needed and for whom? Here we look at one specific and growing market, the retirement generation.

Continue reading The growing market – the impact of migration and the retirement generation on West Oxfordshire property prices

Supply of Witney Rental Property Hits Record Levels

The supply of certain types of privately rented properties in Witney is currently well above average and, in some cases, hitting record levels. This is particularly true of 2-bedroom flats and 3-bedroom houses although there has also been a spike in 2-bedroom houses. Continue reading Supply of Witney Rental Property Hits Record Levels

What is Happening with the West Oxfordshire Rental Market?

20160303-img_5080Interestingly, we’ve seen a surge in the availability of rental properties being offered in the local market. This is particularly acute in relation to 2-bedroom properties in Witney, there are now 48 listed TO LET of which 31 are flats. Once we ‘zoom out’ slightly, the picture is less worrying, with only nine 2-bed properties listed in Carterton, this is below the usual norm. Interestingly, supply currently exceeds demand for 3-bedroom houses too, but this should rebalance as families aim to move during the school holidays. Here’s the latest availability for properties in Witney to rent: Continue reading What is Happening with the West Oxfordshire Rental Market?

Are We Building Enough New Homes?

Since the 1970s, housing starts and completions across England and Wales have largely been on a downward trajectory.

The long-run average (over the last 50 years) for starts and completions has been around 190,000 per annum but after the global financial crisis lows of 93,000 (starts) per annum and 113,000 per annum (completions) had been reached.

Enough New Homes Continue reading Are We Building Enough New Homes?

How has the affordability of Oxfordshire housing changed over the last 14 years?

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?

A Tale of 2 Towns – an in-depth look at the West-Oxfordshire Property Market

Are there fundamental differences in the Witney vs Carterton property markets? Let’s take a look. Both situated in rural West Oxfordshire and just under 6 miles apart you’d think they’d be very similar. Start scratching beneath the surface and some key differences start to appear: Continue reading A Tale of 2 Towns – an in-depth look at the West-Oxfordshire Property Market

The Impact of Building Houses vs Flats

see-sawing

The balance of new build flats and houses swings dramatically over time at the national level. While we would expect to see differences between localities based on their size, setting and the dynamics of their local population the impact of government policy on the type of homes we build is highly significant. Continue reading The Impact of Building Houses vs Flats

Looking back – Witney property prices have performed well above average in recent times

I recently wrote about the benefits of living and working in West Oxfordshire and, in particular, Witney. I thought it would be worth reflecting on how the property market has performed and look in detail at the Witney market. Over the last 10+ years, it’s unsurprising that the South-East has been the best performing region excluding London: Continue reading Looking back – Witney property prices have performed well above average in recent times

Witney November Market Summary

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For the full report on market trends, average values in Witney over the last 12 months and what the sales market has been up to most recently, click here.

If you would like to speak to one of our experienced staff for some exert advice, please call us on 01993 708638.

Just how active is the Witney property market?

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.

turnover-league-tables Continue reading Just how active is the Witney property market?

National Sales & Lettings Report

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.

LATEST SALES & LETTINGS REPORT

We look forward to hearing from you

Brendan Kay
Managing Director – Martin & Co Witney and Cirencester
brendan.kay@martinco.com

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