Almost on a daily basis we speak to clients who wish to view properties when they have not placed their own property on the market. The property they are viewing, we refer to as a catalyst because this is the property that has surged them forward and forced them to arrange to look at the property prior to fully committing to the idea of moving.
Recent House Prices
In The Month of August prices have decreased in the East Anglia market place by 0.4 however this still means that prices have increased nationally by an astonishing 8.2%, which still means we are the largest growth area in the UK.
Below Market Value Properties
I’m hearing a lot at the moment about people wanting to purchase below market value properties. Of Course, everybody would want to buy something under market value, however here are some facts that may make your view of these so-called properties change.
Interest rates dropped to all time low
The Bank of England have dropped interest rates to an all time low of 0.25%
So what does that mean to you and me? Well it means that there will be a little bit more money in people’s pockets and borrowing money is a bit cheaper. We have been stable at a half percent interest rate for around seven years now and lets face it it, it is not any major surprise that the Bank of England has done this….
House price growth this year
According to the newly released Rightmove monthly statistics, East of England is still the most successful district within the UK for Price growth in 2016. The annual change so far this year has been an increase of 7.3% showing an average price with the East Anglia area of £336,000
What to look for on a viewing
It all starts with location. You are obviously happy with this location and postcode otherwise your search would not have bought you to this designation. However, it will be important to find out if there are any other major developments happening nearby which will effect traffic flow as well as the potential for development close by to the property boundaries. Information such as this can be found on the Local Authority website.
- « Previous Page
- 1
- …
- 7
- 8
- 9
- 10
- 11
- Next Page »
