As one year ends and another begins, we thought we’d take a look at what’s happened in the Marple and The Bridge market over the last 12 months, and what a year it has been. It’s true that something of a ‘cold front’ has been moving across most of the country, but the strong fundamentals which underpin the SK6 market mean that we’re well placed to weather any storm.
Using simple unweighted averages, the price of a home in Marple and The Bridge is now £237,500, which is 32.1 per cent higher than the regional average. Over the last 12 months this has risen by 3.2 per cent compared with a rise of 2.7 per cent in the region as a whole, so the area has outperformed the market in that sense. Since 2000, the average level of house price growth has been 9.9 per cent per year.
There were 552 sales in our area in the last year, compared with 949 in the 12 months which preceded it. Comparisons with 2016 need to be handled with care because of the big spike in sales before the stamp duty rise in April. The most common type of property to change hands were semis which accounted for 41.3 per cent of all sales.
Given the natural advantages the Marple and The Bridge property market has, we’re expecting 2018 to be a tremendous year for everyone involved in the housing market – buyers, sellers, landlords and renters alike. If you’re in any of those categories and want some advice on how best to make the property market work for you, please give us a call and we can give you a more complete lowdown on what we expect in 2018.