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Wolverhampton Starter Homes are 26.8% cheaper today than 35 Years Ago. That sounds wrong, but its true. The percentage of first-time buyer’s household income going on their mortgages is 26.8% lower today, than it was in 1989. Read the article to find out why and how this will affect the Wolverhampton property market.
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Welcome back to news of Wolverhampton’s property market, where we will bring you different local property market stats and trends. This week it's July’s £/sq.ft statistics.
The average property presently in Wolverhampton is on the market for £266 per square foot, a figure representing the current heartbeat of Wolverhampton's property market.
Last month it was £262 per square foot.
That doesn’t mean house prices have changed by that percentage, just the mix of properties for sale, thus changing the £/sq.ft figure. This snapshot is crucial for Wolverhampton homeowners and landlords; it's not just a number but a story of our community's property market.
Each month, we will revisit that figure and use it to gauge the health of our local property market.
Are you keen to know how your home aligns with these trends?
At Skitts, we invite you to a no obligation chat about your property's potential value – no strings attached.
Stay informed, stay ahead, and stay connected with Wolverhampton's property market beat.
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Key Points from the King's Speech 2024 for Homeowners and Landlords
The King’s Speech at the State Opening of Parliament sets the agenda for the government's priorities. This year's speech, delivered by King Charles, is the first from a Labour government since 2010 following the recent general election.
With 30+ bills highlighted, there are significant plans, though nothing particularly groundbreaking or seismic for homeowners or landlords.
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Discover the latest insight into the Wolverhampton property market and learn how to sell your home faster in 2024. Learn how long it takes to sell a home in Wolverhampton, split down by price bands. Read the comprehensive guide which provides valuable tips and strategies tailored specifically for Wolverhampton homeowners, ensuring you can make informed decisions and expedite your property sale. Don't miss out on this essential read for anyone looking to navigate the Wolverhampton property market successfully.
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Now we know Labour will be taking the reins of government and ushering in a new era of policies and promises, particularly in housing and property markets. Their manifesto outlines ambitious plans to address the chronic issues of housing affordability, renters' rights, and homelessness. However, the practical implementation of these initiatives, especially in a local context like Wolverhampton, raises significant questions. Yet before we look at those, it is essential to see what has happened up to this election.
