Good news for buyers and sellers

With spring approaching fast, a recent Rightmove report has suggested there has never been a better time to buy or sell.

According to Rightmove, the average annual asking price rise is just 0.2% when compared to an average annual wage growth at a rate of 3.4%. This means that buyer affordability is improving at the fastest rate against average new seller asking prices since 2011.

The availability of cheaper mortgage rates means that if buyers have that all-important deposit then they are being given a leg up onto the property ladder.

The good news is not just restricted to buyers either. Across the North West, property prices have increased in excess of 2%. Across the South Lakes and Furness, we have too, seen a 3% year on year increase in property prices.

With plenty of proceedable purchasers looking at property and favourable market conditions for Northern agents and sellers, most agents are reporting an active market. Price sensitivity still has a large role to play in marketing property but by speaking to a local expert, you can be guided as to the best way to market your property for the best results.

To take advantage of the market as a property owner or to find your next home due to improved affordability as a buyer why not come and speak to one of our property experts in your local Poole Townsend office.

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Trust our team of local experts to provide the best advice on a wide range of legal and financial issues whenever you’re facing a life change and need the best support.

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Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563

Poole Townsend Estates Ltd. (Company No: 10960705) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Regulated by the Council of Licensed Conveyancers to provide Conveyancing services. (Firm no: 3438) VAT registration number 288092466. Our Estate Agency is a member of the Property Ombudsman scheme.

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