Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property buyers & WargentAdvisory (subscription market analysis for institutional clients).
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Pete Wargent blogspot
Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.
"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.
"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
Sunday, 29 January 2017
Manchester house price growth at a 12-year high
UK city prices rose in 2016
UK house price growth was steadier in 2016 at the national level.
However, there was still a solid 7.2 per cent growth in Hometrack's 20 Cities Index, which records results for the major conurbations only.
In London, price growth steadied to 7.3 per cent, with the top end of the market likely to feel the pain of excessively high stamp duties in 2017.
Even Cambridge saw price growth slow after another truly spectacular run.
After a harsh correction and slow recovery, it's no surprise to see price growth in Manchester up to a 12-year high.
With an urban population of more than 2.5 million, the north west is one of the regions of England with genuine price growth potential.
In particular, there are good opportunities in Manchester in the £250,000 to £400,000 price bracket.
Between £400,000 and £925,000, I'd look at London.
You can read about our Manchester buyer's agency service here.