Bank of England Cuts Interest Rates to 4.5% – What This Means for Sunderland

The Bank of England has reduced interest rates to 4.5%, marking its third cut in under a year. This decision follows a previous reduction in November 2024, with the rate remaining unchanged in December. While most of the Bank’s nine policymakers supported the move to 4.5%, a minority favoured a more aggressive cut to 4.25%, […]

How Long Does It Take to Sell a Home in Sunderland?

If you’re a homeowner in Sunderland thinking of selling your property, you have probably wondered how long it will take to find a buyer. The timeline for selling a home varies depending on factors such as property type, price, and market conditions. Fortunately, we’ve compiled the latest statistics for 635 Sunderland homes that have sold […]

Plans Approved for Southwick pub to be developed into Supported Housing.

🏠 New Supported Housing Scheme for Men Approved in Sunderland 🏠 Sunderland City Council has approved plans to transform a long-vacant property into a specialist housing facility for men with complex needs. The development will feature 8 bedrooms and living spaces, alongside 24/7 on-site supportprovided by experienced staff. Run in partnership with Changing Lives, the scheme will offer tailored care […]

Sunderland’s baby boomers are caught in a housing paradox

The Sunderland Baby Boomer Housing Paradox:  Wealth in Property, But Nowhere to Go   For decades, baby boomers in the UK have been the quiet beneficiaries of a housing market that has worked in their favour. Rising property prices and a growing housing shortage have pushed home values sky-high, giving this generation substantial equity in […]

Average 5 year fixed rate mortgage in the UK

The graphic above illustrates the average five-year fixed mortgage rate in the UK from 2000 to 2024. While there has been a noticeable rise in mortgage rates over the past couple of years, it’s worth highlighting that today’s rates are still significantly below the peaks we witnessed in the early 2000s and during the financial […]

Rising Rent’s in Sunderland

The map above illustrates the average change in rental values across different areas of Sunderland over the last five years. It highlights a clear trend of rising rental demand and prices, underscoring the shifting dynamics in Sunderland’s property market and shows varied changes, providing landlords with an insight into their specific neighbourhood’s performance. Understanding these trends […]

Sunderland House Sales Up 12.8% on 2023 –  Yet Challenges Still Remain

  The number of agreed UK property sales until Saturday, 22nd November 2024, is 18% higher than a year ago.    Breaking those stats down even further, as of 22nd November 2024, 1,009,340 UK homes had been sold subject to contract (STC), an 18% increase from the 855,083 homes sold STC in the same period of […]

UK Property Market Sees Positive Growth in 2024 – But Challenges Remain

The UK property market is showing signs of strength, with a remarkable increase in homes marked as ‘sold subject to contract’ (SSTC) between January and November 2024 compared to the same period in 2023.    This upward trend in every region across the country, reflects renewed confidence among buyers and sellers.   Here’s the regional […]

Qualifications on a Map

The map of Sunderland highlights the distribution of residents with Level 4 qualifications and above. Level 4 including degrees, higher degrees, and professional qualification. This is all based on data from the Office for National Statistics and the recent Census. This data offers a fascinating insight into the educational profile of our community and serves […]

Sunderland Property Market Review: The November 2024 Update

Sunderland homeowner or landlord? Curious about the trends in the Sunderlands property market? One measure is the average price paid for homes bought and sold in Sunderland in the last 12 months, on a rolling month by month basis. Each month we like to share this figure, and whilst this figure alone will not tell you […]