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.