The latest housing market report by the National Association of Estate Agents (NAEA) shows that interest in house buying is at its highest for over a decade. According to the report 439 house hunters were registered on average per NAEA member branch in June, 15% more than in May when 383 house hunters were registered per branch and the highest since August 2004 when 582 were recorded.
This increase in demand appears to be driven by a number of factors including continued low interest rates, with buyers keen to move now and secure low rate mortgage deals before interest rates rise – expected at the turn of the year. Mark Hayward, managing director, National Association of Estate Agents said: “Buyers are feeling more confident and those who put their plans on hold over the Election and political aftermath have kicked off their hunt, causing this massive jump in demand.”
The report echoes what we have seen in our local market, with demand continuing to outstrip supply. The past few months have been busier than ever, with properties being sold in record time and for record prices. Our local area of Hampshire, Berkshire and Surrey continues to be a popular place to live with excellent schools, commuter links and leisure facilities. Prices continue to rise due to high demand and low supply so you might be surprised just how much your home is now worth. Any home you are looking to buy will also have increased in value, however there are ways to save thousands in estate agency fees that can ensure more money in your new house pot and allow you to move to the home of your choice.
To take advantage of the high demand for properties we can deliver a free valuation of your home as well as sell your property from just £499 or 0.5% + VAT, giving you thousands more to spend on your new home. Simply give us a call on 01252 819725 or email us at email@example.com to find out more.