2018 predictions for the property market in Ringwood, St Leonards, St Ives, Ashley Heath, Burley and Fordingbridge

2018 predictions for the property market in Ringwood, St Leonards, St Ives, Ashley Heath, Burley and Fordingbridge

2018 predictions for the property market in Ringwood, St Leonards, St Ives, Ashley Heath, Burley and Fordingbridge

 

The benefits of having the New Forest as your neighbour serves Ringwood, Fordingbridge, Ashley Heath, St Leonards, St Ives, Burley and their surrounding areas well when it comes to property prices. National Park status makes the area desirable, and there is never a shortage of people aspiring to make the move to the country. Property prices have historically performed well and it seems that 2018 will continue the trend.

As predicted the UK property market climbed by a modest average of 2.7% in 2017. However, both the South West and Central Southern England have continued to perform well with above average increases in many areas; Hampshire prices were up 6% on the previous year.

 

What’s to be expected in 2018…

This year Rightmove are predicting a further 1% increase across the UK, although the market is expected to slow down overall. Director and housing market analyst Miles Shipside, said “home owners have had a good run with the national average rise over those six years being 30.9% – equivalent to 4.6% per year. We estimate that 2018 will continue this year’s trend by being a real mixed bag of different price pressures, both up and down. The net result is another year of a slowing in the pace of price rises.”

Just because the general outlook for property prices across the UK is a muted one, it doesn’t necessarily translate to the New Forest and its surrounding towns.

At the end of 2017 Ringwood sold prices were up a staggering 17% on the previous year, with the average detached property selling for £531,571.

St. Leonards with an overall average price of £526,278 were 18% up on the previous year, whilst St Ives remained stable due mainly to only 9 properties changing hands in 2017, as did Burley with average prices remaining steady at £875,046. However, Ashley Heath properties were also up by 4% with detached properties selling for an average of £596,745.

Fordingbridge and the surrounding areas also enjoyed growth last year, with Fordingbridge 7% up on the previous year and an average increase of 3.66% across the SP6 postcode area. As at January 2018 the average price for a property in SP6 stands at £459,079.

 

According to Zoopla New Forest Property prices increased by 3.97% over the past 6 months. So, whilst the overall outlook for property prices in 2018 a modest one, the New Forest and its close neighbours are likely to buck the trend once again!

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