-A recent report by Zoopla shows 52% of sales are agreed within the first two months of a home being listed, up from 49% last year. At david james we are finding that properties which are selling the quickest are those that are realistically and strategically priced to attract the most interest
- According to Rightmove property asking prices coming to the market have reached a record nationwide average high of £377,182. They also go onto say that homes that are priced realistically from the start of marketing, rather than reduced later, are more likely to find a buyer, and in less than half the time on average. This confirms our thoughts above on marketing your property at the right price from the outset is probably the best strategy in the current market.
- A Twenty EA report states Landlords are leaving the rental market. They state around 18,000 properties are likely to or have already left the rental market since Q4 24, exacerbating the supply crisis. At a time when we are receiving more enquiries than ever from applicants wishing to rent it seems government policy may not be aligned to the needs of the market.
- Low deposit mortgage options are at a 17 year high. The latest Moneyfacts UK Mortgage Trends Treasury Report shows the number of mortgages available at 90% and 95% loan to value (LTV) has reached the highest level in 17 years with a total of 1,287 deals at these tiers. If you need help or advice arranging a mortgage then please feel free to contact us and we can put you in touch with an Independent Mortgage Broker.
If you have any questions re the selling, buying of renting a property please get in touch, we will be delighted to assist.