As summer arrives and the property market enters one of its busiest periods, it’s the perfect time to take stock of the latest developments and prepare for any changes that could affect your home-moving or mortgage plans. In this edition, we’ll explore key market trends and help you prepare for any opportunities or challenges that may lie ahead.
Excerpt from the newsletter below…
House prices and regional divergence: Data shows that the average asking price reached £378,304 in May, a 1.2% uplift in the month, continuing momentum seen earlier in the year. However, this masks a more subdued annual picture, with prices down slightly by 0.3% compared to a year ago. A clear north–south divide continues to shape the market. More affordable regions such as the North East and North West are still seeing annual price growth, while London and the South East have recorded declines…
Selling this summer? Follow the seven-day rule: The first week a property is listed for sale is the most important period in the selling journey. This is when buyer attention is at its highest and early
pricing decisions can have a lasting impact on whether a home sells quickly or not. This means pricing, presentation and marketing are especially important during those early days…