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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.
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In the past five years, 11,203 homes have been sold in Wolverhampton, reflecting the dynamic and ever-evolving nature of the local property market. Notably, 2021 and 2022 saw an approximate 30% and 20% respective increase in house sales compared to the long-term 30-year average, indicating a significant surge in activity. However, in 2023, home sales figures were slightly below the norm, though projections for 2024 suggest a modest rise above average long-term levels.
As a dedicated estate agent in Wolverhampton, we pride ourselves on staying ahead of these trends and providing insightful analysis on the local property market. If you're curious about what's happening in Wolverhampton’s property landscape or are considering selling within the next 6 to 12 months, we invite you to follow our Wolverhampton property blog for regular updates. And for those ready to take the next step, we offer a free, no-obligation valuation and market appraisal—simply give us a call on 01902 788188 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it. to discuss where you stand in today's market.
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11,265 Wolverhampton Landlords to be Hit by New Eco Rules in 2030
The rental property market is on the brink of a significant shift, one that will undoubtedly cause concern among landlords across the UK. The new Labour government has made clear its intention to raise the minimum energy performance standards for rental properties, a move that could have far-reaching implications for both landlords and tenants alike. The proposed change, which would see the minimum Energy Performance Certificate (EPC) rating for rental properties increase from E to C by 2030, has sparked a mix of anxiety and uncertainty within the property sector.
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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 August's £/sq.ft statistics.
The average property presently in Wolverhampton is on the market for £266 per square foot, a figure representing the current heartbeat of Wolverhampton's property market.
Last month it was exactly the same at £266 per square foot.
That doesn’t mean house prices have stayed the same, just the mix of properties for sale, thus giving 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?
At Skitts, 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.
