As the New Year is ushered in with 2020 vision, it is clear that the public have firmly set their sights on the housing market.
Google has reported an unprecedented rise in searches for mortgage lending. Following the result of the general election, Google have announced increases of 113%, whilst searches for the mortgage calculator tool are also up by a massive 225%. The searches were not limited to a particular type of potential buyers, in fact covering a broad range, from first time buyers to those already in possession of their own home, as well as to landlords planning to let property.
We have already seen a marked influx of properties going on the market already this January, with additions from all of our branches. As our Chairman noted on an internal memo, this promises to be a great year!
Speculation as to what has caused this rise in interest varies from the promise of Brexit certainty and a resolution in the General Election with a party majority. The house market has historically been known for its seasonal trends, with more interest in the New Year, ready for the fresh start a new home provides. It is quite possible an accumulation of events has led to this profound increase in interest.
Rightmove, who measure the prices of 95% of all property coming on the market, affirms the resilient position of the housing market this year, predicting a 2% rise in house prices, with Director Miles Shipside advising “The greater certainty afforded by a majority government gives an opportunity for a more active spring moving season, with some release of several years of pent up demand.”
“Just as we had hoped, and almost immediately following the election, we have seen a dramatic increase in activity from both buyers and new sellers in all price ranges. This resurgence of interest in the local property market, combined with the added advantages of low interest rate mortgages, realistically priced properties and the many benefits of Help to Buy for New Homes, is in our view the ingredients for a very productive spring market.” Managing Director, Steve Tetlow.
If you are keen to take advantage of this rise in activity, whether that’s selling or buying, contact your local branch today.
Ash Vale – email@example.com – 01252 353030
Yateley – firstname.lastname@example.org – 01252 597900
Farnborough – email@example.com – 01252 375999
Fleet – firstname.lastname@example.org – 01252 812121
Hook – email@example.com – 01256 764666
Hartley Wintney – firstname.lastname@example.org – 01252 844015
Lettings – email@example.com – 01252 514000
Land – firstname.lastname@example.org – 01252 762007