Figures were released this week showing that across the UK house prices fell ‘on average’ by 1% during 2012. As anyone who understands the rationale behind any ‘figures released’ appreciates, this means that in SW1 and other much sought-after parts of the country house prices went up by 20% whilst in Bedwellty they went down by 19%. All is not as it seems at first glance; but the doom-laden headline has had the desired effect.
What can be taken from such figures is that a form of stability has returned to the housing market coupled with a small increase in the number of lenders offering 95% mortgages to first time buyers. This does not mean that I am encouraging people to go out and borrow as much as possible nor am I suggesting that we are about to experience the heady days of the early 2000’s when estate agents were merely the facilitators of people changing address, but here at Cheshire and Co we have already seen an increase in activity in 2013 – even after just 4 days!
If you are thinking of selling your property or taking a first step onto the housing ladder then now may be the time to approach an independent estate agent to take you through the process and offer advice borne from thirty years’ experience in estate agency to help you capitalise most on the tentative green shoots of recovery. To receive such advice please drop into the office for an informal chat or call Gareth on 01633 869086
