Property Prices are on the move….
With the general election over and Brexit plans now much more clear, we are starting 2020 in a period of particular stability.
We’re to expect a ‘sharp uplift‘ in property sales early in 2020, as buyers and sellers who have played it safe put their plans into motion, and the ”huge amount“ of pent-up demand out there looks set to be unleashed on the market in 2020.
Rightmove are predicting a strong 2020, with 2% average price rises forecast nationally, with increases up to 4%* in the north of the country.
Nationwide Building Society, one of the UK’s largest mortgage lenders, said property values were 1.9% higher than a year earlier – up from 1.4% in December and the fastest annual growth since November 2018. The average house price now stands at £215,897 – up £615, or 0.5% higher than in December.
With interest rates currently at an all time low, and further cuts forecast, and employments rates at an all time high, these ideal market conditions are adding further stimulus to the rapidly improving property market.
If your considering moving this year it could pay to act now – Make the most of the ideal market conditions and start your year perfectly by finding your next property with Revilo Homes. Don’t forget we also offer FREE independent mortgage advice. You don’t need to be moving home to potentially get a better mortgage deal, and often sticking with your current lender may seem the easy option – but it is unlikely to get you the best deal in the market. We offer whole of market advice to get you the best possible deal.
For a free valuation or to discuss your possible next move, please get in touch on ☎️ 01706 509237