The Windmill
Annual house price growth unchanged at 3.8% lowest rate since May 2013.” “Housing demand appears to have been curbed in recent months due to the deterioration in housing affordability caused by a sustained period of rapid house price growth during 2014-16. Signs of a decline in the pace of job creation, and the beginnings of a
The Halifax price Index has recently been released and house prices in the three months to
squeeze on households’ finances as a result of
as in March. Prices in the three
shortage of properties for sale,
months to April were 0.2% lower
should nonetheless underpin house
than in the preceding quarter.
prices over the coming months.”
“House prices have stagnated over the past three months. Overall, prices in the three months to April
it. As agents, once a buyer makes it clear that they are no longer interested in a property, it is our role to cross sell our similar properties. During the viewings we speak to the buyers to ascertain their property needs. I also found that we received number of enquiries in the early hours of the morning which were followed up when the office reopened. Many of these enquiries were made online
get hold of the viewer despite numerous attempts. This proves that it is imperative for buyers to register with agents when looking for a certain property, as the agent may have similar or more suitable properties new to market that the viewer will miss out on.
Sales in March were very similar to the levels recorded in both January and February,
If you have a local event or
at 102,810. Overall, sales in the first three
charity you would like to
months were 6% higher than in the final quarter of 2016. The level of sales in the
promote, please get in touch
first three months is closely in line with the
and we will do what we can
monthly average during 2014-2016. (Source:
to help you.
HMRC, seasonally-adjusted figures) • Supply
We deliver to over 10,000 homes in
coming on to the market fell for the 13th month in a row in March. This contributed to a decline in the average stock levels on
Billericay, Noak Bridge and
estate agents’ books, taking them to a new
Steeple View
historic low. (Sources: Royal Institution of
were marginally lower than in the
Chartered Surveyors’ (RICS) monthly report).
preceding three months; the first
I was looking through our database of buyers
quarterly decline since November
recently, and noticed that the property a
2012. The annual rate of growth
potential buyer approached us to view didn’t
remained at 3.8% in April, the
always end up as the one they purchased.
8
keen on the property once they had viewed
Total UK home sales stabilised in early 2017.
remains very low. The number of properties Martin Ellis, Halifax housing economist, said:
it. This obviously means that 95% were not
but when we tried to follow up we could not
together with an ongoing acute
+ 3.8% Quarterly change - 0.2% Monthly change - 0.1% Average Price £219,649
us to view a certain home, went on to buy
constraining the demand for homes.
same period a year ago; the same
Annual change
results. Only 5% of buyers who approached
via Rightmove.co.uk and Zoopla.co.uk
Continuing very low mortgage rates,
the figures more and was astounded by the
increasing inflation, may also be
April were 3.8% higher than in the
UK House Prices April 2017 (seasonally adjusted)
With this information, I started analyzing
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