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FELTHAM WINTER PROPERTY MARKET UPDATE

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Published: 20/11/2017   Last Updated: 21/11/2017  
Tags: Feltham Brexit House Sales

brexit worries continue to hamper the housing market, and with the additional concerns over the recent interest rate rise, the buying public are increasingly concerned about the prospect of further hikes in mortgage rates. all this causes uncertainty, which leads to paralysis, and this feeds into house prices, with buyers unwilling to take a risk in what is perceived as a falling market. however, despite these concerns, we have seen an increase in buyers during october and november, we also have  many clients now accepting prices up to £15000 less than they were offered back in spring/summer, spurred on by the prospect of a further decline in prices. and it is these reductions that appears to have encouraged more buyers back into the market. there is the hope that changes in the November budget will further improve the housing market conditions, and it may prove a wise move to secure a purchase this side of xmas, as any improvement in the housing market will be accompanied by a firming of prices