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Newsletter Issue 6: November 2012


This newsletter highlights the final auction of 2012 and a chance to reflect on what the market has done during the year and what we expect for next year.

The Auction market locally in Liverpool has been livelier this year than 2011, we achieved a sale rate of 85% in the last auction and anticipate a similar figure in our November sale.

When this figure is coupled with the fact that one in four mortgages offered in 2012 has been for a buy to let property the combination of attractive yields and “generation rent” is proving a compelling attraction for investors.

The rental market remains strong in all sectors with a pretty equal match of supply and demand in all areas with the exception of the city centre.

Within this sector the student demand in late summer outstrips supply,despite this landlords are not feeling confident enough to ramp up the rents partly due to the ever increasing build rate of student properties by specialist suppliers.

The North West market has had a stable year in terms of the numbers of new properties coming to market, average time to sell and % of asking price achieved. After the swings of previous years stability is good.

The average time to sell a property in the North West has fluctuated between 170 days in April and now where it is hovering around the 150 day mark. The time between agreeing a sale and completion has lengthened to an average 12 weeks, this reflects a slowing down of the process predominantly by the financial institutions.

Asking prices have reduced marginally on Merseyside by 3% over the year, the national average is 2%, however the % of asking price achieved has remained steady at around 93% on average.

Mortgages are readily available with a good credit history and there are some fantastic rates available, our Mortgage Services team have a really high conversion record of placing business this year. It is a fast moving market with attractive rates from varying suppliers changing more frequently than at any time over the past 4 years highlighting the need to take advice from a mortgage advisor and not rely just on your existing provider or bank.

Looking forward to next year stability would be our prediction in terms of price, however, later in the year as the economy continues to improve we would expect to see an increase in the volume of house sales as confidence returns.

Traditionally an increase in Auction volume of sales is followed at some stage by an increase in general sales, we believe we’re 12 months away from seeing this and probably 3 years away from seeing any increase in prices, our view is that significant decreases have stopped and we are bumping along the bottom of the curve which is not a bad place to be.

If you’d like any more information on any of the subjects discussed please contact our editor Natasha Goodwin na.goodwin@venmores.co.uk or myself rob@bflhomes.co.uk

We hope this newsletter provides a good positive read!


Rob Farnham
Chief Executive



Breast Cancer Awareness Day 2012

Venmore News | BFL - News | Ball and Percival News
On Friday 26th October 2012 The Venmore Group turned pink for the day in support of breast cancer awareness... More...

FINAL AUCTION OF 2012 & 2013 AUCTION DATES

Auction Market News | Market Updates | Auction Dates | Investment Property News
Our next property auction, which will be the final one of 2012 will be held on Wednesday 21st November 2012 in Liverpool Town Hall, Dale Street, L2 2SH at 1pm. View this article to see a full listing of Auction dates for 2013. More...

Top 5 Properties To Buy - Wirral

Wirral Properties
Looking to move, or maybe invest? Then take a look at out Top 5 properties currently for sale in our Wirral offices. More...

Mortgage Update: November 2012

Mortgage News | First Time Buyer Offers
Mortgage advisor Nadine Edwards gives us her advice on offers available to first time buyers.  More...

Top 5 Properties to Buy

Southport/West Lancs Properties
Looking to buy or invest? Why not have a look at 5 of the current properties for sale in our Southport Office? More...

Top 5 Properties To Buy

Liverpool Properties
Looking to move, or maybe invest? Then take a look at our Top 5 properties currently for sale in our City Centre & Allerton Road offices. More...

Housing Market Commentary

Market Updates | Residential Sales | Investment Property News
Dave McNeil; Branch Manager at our Moreton office (Bradshaw, Farnham & Lea) gives us his opinion and advice on the current market conditions... More...

Landlords Questions & Answers

In each edition we will answer questions landlords may have concerning their properties and tenants. If you have a question you would like answering please drop an email to the editor na.goodwin@venmores.co.uk and we will answer it within 24 hours and publish it in the next edition. Click read more to view this issue's Q&A. More...

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For this issue we have asked local MP Esther McVey where her favourite place's in Merseyside and the Wirral are?.. More...

Property Auctions are finally turning the corner...

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Our Auctions sales manager Ronan Connolly gives us an update on the increasing success of our property auctions. More...

Meet A Member Of The Team

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5 quick questions with Lindsey Green; Lettings Co-ordinator of BFL Rentals. More...

Meet a Member of the Team

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Get to know a member of our team here at Southport More...

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Venmore News
5 quick questions with Helen Wilson, our City Centre Commercial Director. More...

Residential Development Moratorium Lifted On Wirral

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Malcolm Irving, Head of our Commercial department provides us with an update on recent planning changes across the Wirral. More...

Local Hot Spot: Port Sunlight

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This is our Local Hot Spot Feature which provides an in-depth profile of our chosen town or area! More...

Local Hot Spot: Formby

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Local Hot Spot: Liverpool City Centre

Liverpool Properties
This is our Local Hot Spot Feature which provides an in-depth profile of our chosen town or area! More...
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