House prices forecast to rise

With the Winter weather upon us, at least the forecast for the housing market is bright. According to ten of the most respected analysts in the property industry house prices across the country are set to continue to rise. Even with the aftermath of the general election and Brexit, the signs are indicating that the property market is healthy and thriving.

Statements released by a range of people from Rightmove and Zoopla through to the Royal Institute of Chartered Surveyors suggest that there will be a market rise between 1 and 4% over the next year.

Even better news for local property is the belief that the North will benefit most from the increase in prices with the London market set to maintain and possibly grow ever so slightly.

Both Rightmove and Zoopla are predicting an increase of up to 4% whilst Halifax is putting stock in “housing policy and increased infrastructure investment”, boosting house prices in the North by approximately 3%.

The RICS, responsible for regulating property surveyors who carry out mortgage and building surveys, has suggested a slightly more modest increase of 2%. However, with this coming from such an influential figure in property transactions it could be the most assuring opinion out there.

Across our offices, we have already seen sales being agreed and the expected rise in market activity. Coupling this with the confidence in the market and expected growth we feel that now is the time to take advantage of a favourable property market.

The traditional thought is to wait until Easter and the Spring market, however, with buyers already contacting us and viewing properties you risk missing out on earlier interest and a sale on your property.

Why not contact us to arrange a free, no-obligation valuation and we can help guide you through your next property sale and purchase.

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