Despite the current climate of austerity the housing market is showing no signs of slowing down. According to Nationwide the average UK house price increased by 3.5% last month, compared to prices at the same point last year and was up 0.4% on the previous month. And it doesn’t look like it will change any time soon, with 41 per cent of surveyors expect house prices to grow over the next three months, according to a recent survey by the Royal Institution of Chartered Surveyors.
This increase is being attributed to the shortage of properties available and a glut of buyers waiting to snap up a new home. For a motivated seller this is a great time to put your property on the market and maximise the value of your home.
Why wait until the autumn, when traditionally more properties come onto the market as people decide they want to move before Christmas? Why be one of many properties available when you could be one of a select few that buyers have to choose from?
The fact that August is a not a good time sell is a serious misconception in the current climate. Improving consumer confidence, a more positive economic outlook and the return of wage increases are all encouraging more people to move home. The number of first time buyers is on the increase too with The Council of Mortgage Lenders seeing a 24% increase in June on the previous month in the value of mortgages taken out by first-time buyers.
You could make a wise move and get ahead of the game, by putting your property on the market now. Call us on 01425 489333 for free no obligation advice.
