Make an informed decision on your next move.
As we move towards the end of the year, many people will take stock, and try to plan ahead. No matter what your year has been like, there is always a chance of a fresh start, and a new beginning. If you are thinking of selling your home, Anthony Jones Properties is here to assist you.
We are highly experienced in bringing buyers and sellers together in Wynyard, and surrounding areas, so if you want help from experts with a great track record, we are here for you.
House Prices Continue to Rise
While the pace has softened slightly, house prices are still growing. The latest data shows prices went up by 2.4% compared to last year, with a small rise of 0.1% in the last month alone. This means your home is likely worth more now than it was a year ago.
Buyers Are Active in the Market
There's good news about buyer activity too. The number of people getting mortgages approved is nearly back to pre-pandemic levels, suggesting there are plenty of serious buyers out there.
Looking Ahead
Market experts predict the housing market will get stronger as the economy continues to improve. This could mean more potential buyers for your property.
A Helpful Tip
If you're thinking of selling, now might be a good time. With fewer landlords likely to be buying properties (due to new tax rules making buy-to-let more expensive), there could be less competition when selling to ordinary homebuyers.
We’ll need some time to see how the Autumn Budget changes impact the market, but for a short while, buyers who intend to live in their purchased will likely be more active.
Next Steps
If you're considering selling, it's worth getting a current valuation of your property and speaking with local estate agents about buyer demand in your area.
Specialist opinion on what lies ahead in the housing market
Sarah Coles, the head of personal finance at Hargreaves Lansdown, said: “The Budget is set to cause more property woe. It played a role in the slowing of house price growth – even before Rachel Reeves stood up. Now the speech has landed, it could mean more failed transactions, more buyers put off by higher stamp duty, and more being priced out of a purchase by rising mortgage rates. Landlords rushed to sell ahead of a speech they thought would contain a capital gains tax rise for investment property. It meant that extra buyer demand resulted in more sales rather than price rises.”
We are here to help you move in and around Wynyard
If you are looking for help with any matter of the Wynyard property market, it is best to speak to property professionals. No one knows for sure what is going to happen next, so we won’t claim to have all the answers, but the Anthony Jones team is keen to help you as best we can. If you would like to contact us over housing matters, please call us today on 01740 807107.
