Northampton Property Market and Hammond’s Budget Promise to Build 300,000 more homes

I miss the good old days of George Osborne as Chancellor, with his hardhat and hi-vis jacket. He must have visited every new home building site in the UK with his trademark attire! For the last few years, the nearest Philip Hammond got to donning a ‘Bob the Builder’ outfit was at his grandchild’s birthday…

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How does the interest rate rise affect Northampton homeowners

Northampton homeowners will be among those affected by the latest rise in the Bank of England interest rates. The first increase in 10 years; they have just been raised from 0.25 percent to 0.5 per cent. This uplift comes as inflation hits a 51-month high of 2.9 per cent whilst the national unemployment rate is…

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Northampton Homeowners Are Only Moving Every 13 Years (part 2)

In the credit crunch of 2008/9 the rate of home moving plunged to its lowest level ever. In 2009 the rate at which a typical house would change hands slumped to only once every 21 years. The biggest reason for this being that confidence was low and many homeowners didn’t want to sell their home…

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Northampton Home Owners Are Only Moving Every 13 Years (part 1)

As I mentioned in a previous article, the average house price in Northampton is 7.59 times the average annual Northampton salary. This is higher than the last peak of 2008, when the ratio was 5.92. A number of City commentators anticipated that in the ambiguity that trailed the Brexit vote, UK (and hence Northampton) property…

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