What next for West Oxfordshire property values?

The interesting times in which we live continue; political uncertainty, continued ultra-low interest rates and the creeping rise of inflation are all having an impact on local property prices. Focussing on Witney and Carterton and specifically looking at houses (excluding new builds) sold over the last 5 years, it’s interesting to note that there has been a see-saw effect: Continue reading What next for West Oxfordshire property values?

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?

The Six Secrets of Fabulous Property Photography

There are many elements that go into making great property photography; the weather, equipment, the skill and experience of the photographer. But, did you know that there many ways you can increase the chances of achieving fantastic images of your home? You need to ensure the images of your house not only do it justice, but also, more importantly, indicate the kind of lifestyle that a buyer can aspire to. Here are some of our suggestions to do just that:

Lavender Cottage.jpg

Continue reading The Six Secrets of Fabulous Property Photography

COMPETITION TIME

How does your garden grow image

Calling all tenants

 If you rent your home & you’re particularly proud of your garden, we’d love to see it! As it’s National Gardening Week and with Chelsea Flower Show coming up, we would like to see the BEST garden in West Oxfordshire!

3 x images

Send us a photo of your garden and on the 29th May, we’ll announce the winner .

Send entries to witney@martinco.com. Include your name, address & phone number.

Entries close midnight on Sunday 28th May 2017.

 

 

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?