THE LOVE AFFAIR IS FAR FROM OVER
80% of people surveyed by the council of mortgage lenders have indicated a desire to own their own home by 2022. Out of that number 75% hoped to achieve this ambition within 2 years.
This tells you that if it wasn’t for continuing weakness in the UK economy and the Eurozone crisis that has contributed to a scarcity of affordable mortgages, there would be an awful lot more people buying homes. That is the national picture.
In SK4 property is literally selling in days, many to first time buyers with significant deposits. There is truly not enough property to go around. The Metro Link has had a massive effect in this regard with an incredible 1 in 2 purchasers coming from outside of SK4. Now when you consider a recent report by the Royal Institute of Chartered Surveyors (R.I.C.S.) shows that house sales have fallen by 40% in the past years, the activity in the Heaton’s seems even more remarkable.
The fact remains that supply and demand dictate prices. Not only are prices strong in SK4 they are set to rise because of increasing demand.
