Photoplan360

Great News For Sellers – Average House Price up £2K

While recent improvement in the UK property market has felt slow but steady, the spring surge has brought with it encouraging signs for estate agents and those involved in the property marketing process.

Fastest Property Price Rise in Two Years

The average house price in the UK went up by two thousand pounds this month – the quickest month on month rise since November of 2011.

Figures from the Nationwide House Price Index show that the cost of an average home in the UK is now £167,912 – up from £165,586 just a month ago.

Property Marketing Predictions

Now industry pundits are cautiously predicting that the market could be “gaining momentum” – a prediction that is borne out by a range of factors monitored by property marketing commentators.

Nationwide chief economist Robert Gardner said the average house price rise could be attributed to a number of things – with the availability and affordability playing an important part.

He explained: “There has been an improvement in the availability and a reduction in the cost of credit, partly as a result of policy measures, such as the Funding for Lending Scheme. Indeed, mortgage rates have fallen back towards all time lows in recent months.”

However, he also issued a caveat for homeowners and house hunters, reminding them that what goes up may also come down – something that is always a concern in the current economy – meaning that those seeking to purchase property should continue to give careful consideration to any purchase commitment.

 

Share:

Facebook
Twitter
Pinterest
LinkedIn
Write a comment

On Key

Related Posts

co2 emissions

Reducing CO2 Emissions as a Real Estate Agent

As a real estate agent, you play a critical role in promoting sustainable practices and reducing CO2 emissions. The real estate industry is responsible for a significant amount of greenhouse gas emissions.

3d scanning

Unlocking the Potential of 3D Scanning

Hey, tech enthusiasts! Have you heard about the incredible advancements in 3D scanning technology? It’s transforming various industries by allowing us to create accurate, detailed, and digital representations of real-world objects and environments. In this blog post, we’ll explore some of the best use cases for 3D scanning, so get ready to be amazed!

Realtor

10 Proven Marketing Techniques Every Realtor Should Know!

To succeed in the competitive real estate market, realtors must implement effective marketing techniques that showcase their expertise and the properties they represent. Here are some of the best marketing strategies for real estate agents:

Newsletter Sign Up

Get property photography guides, property news and insights straight to your inbox!