Looking ahead – Predictions for the West Oxfordshire Property Market in 2018

IMG_2346Supply & Demand – Population

Local government forecasts predict a 29% increase in the population of the Witney area over the next 10 years. Coupled with the exceptionally low rate at which we are building new homes and sales volumes (the number of properties sold) dropped by 19% in 2017 (compared with 2016) and the market fundamentals remain out of balance. Continue reading Looking ahead – Predictions for the West Oxfordshire Property Market in 2018

Advertisements

Witney and West Oxon Property Forecast…..Where are we now and what is next..

Blanket Hall SketchOn 9th November 2017, four professionals from some of Oxfordshire’s local businesses gathered together to present at the historic Witney Blanket Hall on investing in Oxfordshire property.

If you missed the presentation or in the absence of the Great British Bake Off you’d like to watch a video of the presentation then this is available on our facebook page which can be accessed here FB.

If you would like to download the slides from the presentation, you can do so here – http://bit.ly/seminarslides

 

Rose Tinted Spectacles? Looking back at the crash…10 years on

crash

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

How Much?! UK Average Property Prices £/m2

IMG_1233

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

West Oxfordshire Property Event

Blanket Hall Sketch

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

BOOK TICKETS HERE

Property Event Poster Image

It’s Official – West Oxfordshire best in England!

20160519-IMG_8150

  • 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!

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

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?

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?

House prices are set to grow by 3.4% in 2017

house-price-growth-2017
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

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

witney-av-property-values-nov-16

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.

Local Perspective on the Property Market

20161012-img_0068The 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

2016 continues to be a year of shocks and surprises…

The latest of which is the lowering of the interest rates in August by the Bank of England. Whilst the impact will only be felt by savers or those lucky minority with a tracker mortgage without a collar, the big question is likely to be the effect on house prices:

Interest Rates Cut to 0.25%.png Continue reading 2016 continues to be a year of shocks and surprises…