Things are looking up
28 Apr 2017 |
Ani Radountcheva |
Another month has flown by and we are just one month away from being half way through 2017. Despite the current uncertainty of the snap general election and the post-referendum slump, Uk property prices are set to continue rising. The housing market has just hit a high of £313.655 average sellers' asking price. The previous high was in June 2016 at £310,471 around the time of the referendum. The driving forse of the price growth according toRighmove is that first time buyers have helped to push asking prices in the market up 6.5%. The average price of a firt-time property is now at £194,881. Although things are looking up at the moment there is of course the uncertainty of our future in the hands of Brexit.
Here are some current stand out facts and figures:
- 42,470 new homes registered in the first quarter of 2017, this is the strongest quarter since 2007.
- Average number of days to sell a property in the UK is 65 days.
- Average asking price increased by 1.1% month on month
- Eastern England has seen the strongest growth over hte last year, with a 5.3% uplift taking the average property price there to £349,269
- The West Midlands reported the next strongest, with a 5% increase pushing average prices to £215,784
We all know that buying a house is stressful especially with the pressures of a growing market so that is why we use our experiences and skills to take some of this stress away from you. Conveyancing Data Services can supply all the necessary information required for a property transaction in a way that suits you and how you choose to work. Get in touch if you have any queries. We know that speed is of the essence when it comes to property transactions, we have an experienced team on hand to analyse the information available to you and to ensure your results are returned with minimal fuss.