There is a noticeable absence of new build homes in Sale, this could be caused by readily available housing stock of every denomination from terraced houses through to flats and apartments. It could also be that the population of only 58,000 has not seen the expansion required to attract developers and house builders to the area. Despite this status quo the prices of properties in the area have held their value in the main. This has meant that you can purchase a quality 4 or 5 bedroom property for £750,000 yet just as easily purchase a 2 bedroom apartment for £115,000, meaning that you have a good chance of always being able to find a property at a price that suits your budget. The downside of this is obviously that when it comes to selling, the lack of real movement in the house prices means that you may not realise the kind of profit you wish to make on your sale.
This is reinforced by the low number of rental properties available with mainly flats available to rent, with some as low as £325 pcm this is great for renters but not as lucrative for landlords. Some areas are affected by national property trends but that is not always the case as is shown in Sale.