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Welcome back to news of Wolverhampton's property market, where each week we bring you different local property market stats and trends. This week we are back again with the September’s £/sq.ft statistics.
The average property presently in Wolverhampton is on the market for £263 per square foot, a figure representing the current heartbeat of Wolverhampton's property market.
Last month it was £266 per square foot.
That doesn’t mean Wolverhampton's 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?
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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Or Has it Ever Been Out of Fashion?
The terraced house, once considered a relic of the past, is making a notable comeback. But one might wonder - did it ever truly go out of fashion? The simple, unassuming two-up two-down, a hallmark of Victorian red brick Britain, is now being rediscovered by modern Wolverhampton buyers looking for more than just a place to live. They want a home, a slice of history, and the benefits of ownership that many newer properties simply don't provide.
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What Landlords Need to Know
On Wednesday, Parliament had the first reading of the Renters’ Rights Act, and we want to take a moment to reassure landlords that there’s really nothing groundbreaking in these proposals that should catch you off guard. In fact, most of the changes were part of the Conservative Party’s agenda before they lost power in July. Regardless of which political party is in charge, these reforms were set to come into play, so there’s no need to worry that anything revolutionary is happening. Let’s break down what’s involved and how it might affect you as a landlord.
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Discover the rollercoaster dynamic shifts and unique opportunities in the Wolverhampton property market over the past six years. From the surprising resilience during unpredictable economic times to the current trends that are shaping homeownership, this article has insights that every Wolverhampton homeowner needs to know. Don't miss out, learn how these changes could impact you:
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Wolverhampton Property Market:
Where are the Cash Buyers?
The UK property market has undergone significant shifts since the summer of 2020, driven primarily by the post lockdown race between the summer of 2020 and late 2021, and then a rapid series of interest rate hikes aimed at curbing inflation in 2022 and 2023. These changes have had far-reaching implications across the property market, influencing both prices and transaction volumes.
As we explore the nuances of these facts, it has become evident that while some anticipated trends (the property market was supposed to crash in Covid and again on the interest rate rises), this did not fully materialise. In fact, the property market has shown remarkable resilience under pressure.
