JP & Brimelow Withington
Dear Withington
Charms of Withington
 What would a vote to leave the European Union mean for homeowners and those trying to get on the ladder? 

As outlined below, many economists and politicians believe house prices will slump should Britain vote to leave the EU, driven lower by falling demand. At the same time, it is argued that the shortage of housing in the country won't improve because a Brexit will sap investment into new homes and curb immigration of much-needed skilled workers into the construction sector.

However, the big caveat to bear in mind, whatever side of the fence you stand on, is that these figures are based on big assumptions. No one actually knows what will happen. Forecasters, from the Treasury to the IMF, very often get their figures wrong. Moreover, statistics can be manipulated. Prices in the property market are really based on confidence, and that is something that cannot be easily predicted by economists.

Several figures have been bandied around by various politicians and commentators. George Osborne, the Chancellor, warned that house prices could fall by 10pc to as much as 18pc by 2018 in the event that the British people vote to leave the EU. However, the calculation used to determine the rate of decline is based on today's house prices, rather than prices in two years' time, which are forecast to be about 10pc higher than they are today. If you account for that, the worst-case Brexit scenario would be an 8pc decline in prices, according to the Treasury.

 Whatever the result on Thursday it remains a bull market for selling and many buyers are taking advantage of historically low interest rates and competitive mortgage deals to secure property.

If you wish any of this weeks exciting NEW instructions give the JP & Brimelow Withington Sales team a call today to organise. 0161 445 9700.

 

 

 

In This Issue
Davenport Avenue, Withington M20
Mallowdale Avenue, Fallowfield M14
Brocklebank Road, Fallowfield M14
Maida Street, Longsight M12
Maida Street, Longsight M12
Lowthorpe Street, Rusholme M14
Booth Avenue, Fallowfield M14
Birch Lane, Longsight M13
Davenport Avenue, Withington M20
PERIOD END TERRACE. Currently split into two apartments. Located just off Wilmslow Road with easy access to Withington Village. In brief apartment A consists of entrance hallway, lounge, two bedrooms and a shower room to the ground floor. While apartment B consists of entrance hallway, lounge/kitchen/diner, two bedrooms, shower room and loft room. The property also benefits from More...
Mallowdale Avenue, Fallowfield M14
MODERN DOUBLE FRONTED BOOK END TERRACE. Located just off Yew Tree Road. With great access to Withington Village, West Didsbury and the City Centre. In brief the spacious accommodation comprises of: Entrance hallway, W.C, lounge, dining room and   More...
Brocklebank Road, Fallowfield M14
PERIOD SEMI located in a popular location within walking distance of Withington Girls School and Wilmslow Road. In brief the spacious accommodation comprises of: Entrance hallway, open plan lounge/dining room and EXTENDED KITCHEN to the ground   More...
Maida Street, Longsight M12
IDEAL FOR FIRST TIME BUYERS WISHING TO MODERNISE A HOME: Superbly situated off Matthews Lane, a few streets back from Stockport Road and the shops and amenities in LEVENSHULME VILLAGE. With excellent bus and TRAIN links to the city centre, this   More...
Maida Street, Longsight M12
***TWO BEDROOM END TERRACE WITH LARGER THAN TYPICAL REAR YARD*** IDEAL FOR FIRST TIME BUYERS WISHING TO MODERNISE A HOME: Superbly situated off Matthews Lane, a few streets back from Stockport Road and the shops and amenities in   More...
Lowthorpe Street, Rusholme M14
*** FIRST TIME BUYER WISHING TO MODERNISE A HOME, OR INVESTMENT PROPERTY. TWO BED MID TERRACE*** In brief the property comprises: entrance hall, dining room and extended kitchen to ground floor. Whilst to the first floor there are   More...
Booth Avenue, Fallowfield M14
A large NINE BEDROOM, HMO investment property, with an HMO certificate for 9 individuals, until 06 April 2020. In a prime location of Mauldeth Road. Let until THE END OF JUNE 2017, with a YIELD OF 9 X £93pppw, approaching £40,000 per annum. In excellent   More...
Birch Lane, Longsight M13

 

PERIOD MID TERRACE. IN NEED OF UPDATING. Situated in a highly sought after location off Dickinson Road. In brief this property comprises of entrance hall, open plan lounge/dining room and kitchen to the ground floor. The first floor boasts two bedrooms and a


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JP & Brimelow Withington