Why is Little Hulton’s Property Market Riding Brexit Fears and Stamp Duty Caution?
The UK has seen a pre-Brexit buying spree, with sales agreed up 6% in July, and the number of buyers in the market also up. Whilst UK houses prices have increased by 0.7%, Little Hulton has seen increases of 11% in that time. This demonstrates why the area is a no-brainer for investors.
The big question: will this trend continue?
The simple answer is… YES. And here’s why.
Amazon have moved into their new warehouse in Over Hulton, which has attracted their workers to the area. This is not the only major company to invest in the area. After seeing its great potential, Network Spaces have now got planning permission for their 183,000 sq ft employment site in Little Hulton. There are also four further commercial developments in the pipeline for the site.
With great commuter links into Salford Quays and Manchester we are seeing an increasing number of buyers choosing Little Hulton to commute into the city, as prices have increased exponentially in other parts of Salford over the last 6 years. This has made Little Hulton an affordable place to invest and live.
A New Generation
We have seen lots of new developments and partnerships with Homes England significantly raising the profile of the area and bringing a new generation of buyers, adding to our vibrant town.
Little Hulton is a hot bed for rentals. There is a strong demand for rental properties, reducing void periods. We have also seen a significant increase in rents over the last 12 months, of over 10%. What’s more, the Little Hulton property market increased below inflation over the last 15 years, so it should weather the storm of interest rate increases, stamp duty uncertainty and Brexit fears as buyers just want to proceed with their lives.
Flats for Sale in Little Hulton
If you are a property investor looking for flats for sale, Little Hulton estate agents Pick My Pad are here to help. Contact us now to find out what we can offer you.