Our latest market reports are here – click the links to find out more.
It’s that time of the year when the sun is shining and the cold drinks and picky tea is at the forefront of most of our minds. That is unless you are thinking about moving house!
If a move is on the cards for you this summer, we are absolutely positive that you will want to know the ins and outs of the market to allow you to make the best decision for you in regards to the best time and way to market your home to ensure it meets its best potential. That’s why we work hard to understand both our local markets and the extended regional and national markets, it means we can advise you and help you to come to those decisions.
Traditionally, this time of year is busy for us estate agents, people want to be moved into their new homes for the summer whether that is to make the most of their new garden or to get the kids settled in before the new school year starts. Whatever the reason, these next few weeks and months are prime moving months and we encourage you to jump in to action as a seller to make the most of the market.
According to our most recent research, house price growth is looking positive, up nearly 2% year on year with actual transaction levels up nearly 10% in the same time frame. Stability in the mortgage market means that borrowers are have a new found confidence in their affordability with lending rates up a huge 25% year on year.
Looking at the nitty gritty of inflation and interest rates, we saw the official end to the recession when inflation grew earlier this year by 0.6%. This is leading economists to believe a drop in the base rate over the next 6 months will steady the market further improving consumer confidence.
According to Zoopla there are 20% more homes on the market than this time last year with supply at its highest in 8 years. This means that buyers have move choice however, affordability pays a big part so pricing your property competitively and marketing well is still key to achieving a quick sale.
If you would like to discuss the current market get in touch with your local branch.
