Ten years on from the housing crash and it’s worth taking stock and looking back. Counter-intuitively, in 58% of wards, residential properties are selling for less now, after accounting for inflation, than they were in 2007. Continue reading Rose Tinted Spectacles? Looking back at the crash…10 years on
The ONS has just released average house price data per square metre for properties across England. At a regional level, a buyer in London should expect to pay around £6,639 per square metre (£617 per square foot). More locally, we’ve identified the cost in £/ metre and feet – depending on your vintage! Continue reading How Much?! UK Average Property Prices £/m2
Would you like to know more about investing in local property? Whether you’re a seasoned landlord, just dipping your toe in the water or on a fact finding mission then this event is essential to get all the latest facts, tips and critical information to get the very best advice about investing in property in West Oxfordshire. Our panel of experts from local, Witney businesses are on hand to dispense free advice at 6pm on Thursday 9th November at the historic Witney Blanket Hall. Experts from Everyman Legal (solicitors), M Group (accountants), Martin & Co (local property experts) and London & Country (mortgages) will be on hand after the 1 hour presentation to answer any further queries you may have. We’ll even provide something to eat and drink!
Please register now for your free tickets as spaces are limited: witneypropertynews.com or look on Facebook for Martin & Co Witney for more details
- Research for BBC’s Radio 4’s Woman’s Hour has named the English local authority of West Oxfordshire as the best place to live in England if you are a woman.
Continue reading It’s Official – West Oxfordshire best in England!
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
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
Interestingly, 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?
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.
Continue reading Are We Building Enough New Homes?
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?
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 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
Over the last five years, house prices in Witney have grown 37%!
Click here to see MORE of the latest trends in the UK housing market, with a detailed focus on Witney.
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
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.
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.
Continue reading Just how active is the Witney property market?
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
Managing Director – Martin & Co Witney and Cirencester