- Jan. 22, 2014
-- In 2013 there were many green shoots of recovery beginning to appear, the economy was turning around, there were record low levels of unemployment and paticularly in the Manchester area there was a positive outlook for the future. The property sector and local estate agents such as Goodwin Fish & Co. (http://www.goodwinfishandco.com)
were helped massively by the governments initiative to introduce 5% mortgages during the year, the 5% mortgage was initiated to encourage first time buyers who had previously been priced out (pre financial crisis) to get on the property ladder. The idea was that instead of having to save up £2000 for a deposit and then having the added expense of furnishings, mortgage repayments and bills on top of that (probably coming to a total of around £5,000 needed to move house in reality) it cuts a large amount of this out and makes it easier for them to achieve their dream of owning a house.
Goodwin Fish & Co. successfully assisted and sorted many moves for the large young professional population in Manchester in 2013, this was one of the main reasons for the success they achieved. The young professionals living in the Ancoats, Northern Quarter or Deansgate/Castlefield areas of Manchester are generally living in flats and apartments, some of these are interested in making their apartment their own but most want to move in to an actual house so move to the Chorlton or Didsbury area of Manchester.
Moving in to 2014 Goodwin Fish & Co. are aiming to move people up the property ladder as well as on to the property ladder in an attempt to diversify their business even further.