Property continues to be the single greatest investment many of us can make, as such, we’re all inevitably searching for the prime opportunity to buy or sell, continually looking at market conditions for the right time to jump.
Whilst the press don’t always paint a pretty picture of the industry, speak to any one of our branches and they will tell you what life there is in our local property market.
According to Rightmove’s House Price Index, released to the national press last week, the national average price of newly-marketed property has risen by 0.7% (+£1,981) this month, consistent with the average 0.6% February uplift in the previous two years. This is clearly good news for sellers, however, on a buyer side there is good news too; with the average annual rate of growth at only 0.2% (+£714), annual wage growth of 3.4%* is now outstripping asking prices at the fastest rate since 2011, improving buyer affordability.
In January we saw an increase in valuations and instructions, compared to the same period in 2018, with 33% more homes being brought to the market. Whilst that’s great for buyers in terms of choice, it’s also proving to be a fantastic time to sell, with 30% more houses sold than January last year. However, it’s important to note that these houses are selling because they’re priced right. With a third more properties available, it is ever crucial to ensure you’re receiving the right, and honest, advice on the current market value of your home.
The next two weeks could be a prime opportunity to get your property on the market, according to Rightmove their busiest day of the year in 2018 was 19th February, with 42 million page views. Getting maximum exposure will put you in the best place to reach the right buyers.
Whilst the above is all excellent news for all involved, it is by no mean feat from our agents, who are knuckling down and looking to their decades of experience, in arguably tougher markets, to get sales across the line.
If you’d like some informal advice on the current market value of your home, or to discuss your options, please speak with your local branch. We look forward to hearing from you.
Ash Vale–firstname.lastname@example.org– 01252 353030
Yateley – email@example.com – 01252 597900
Farnborough–firstname.lastname@example.org– 01252 375999
Fleet–email@example.com– 01252 812121
Hook–firstname.lastname@example.org– 01256 764666
Hartley Wintney–email@example.com– 01252 844015
Lettings–firstname.lastname@example.org– 01252 514000
Land – email@example.com – 01252 597765