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With the temperatures dropping and Christmas & New Year’s in our rear-view window, Sophie Bullock, director and office head at Aston Knowles, anticipates a positive change to the housing market in 2020. She says:
“After a difficult 2018/19, provoked by the economic uncertainty surrounding Brexit, agents have breathed a sigh of relief as we enter 2020 reinvigorated by the general election. From the forecasts and analysts’ predictions for the year ahead, I anticipate that the housing market may anticipate a year of halves. There is little doubt that 2020 will start with more optimism: demand and transactions are set to almost certainly rise in the first few months of the year, and will be spurred on further if there is a helpful stamp duty reform in the government’s first budget earmarked for March 11th. However, with more speculation and uncertainty about Brexit in the second half of the year, it is in everyone’s interest to make the most of these first few positive months.”
House Price Growth
The UK housing market has already seen an impressive rise in prices over the last month, growing at the fasted rate on record for this time of year. According to Rightmove, this growth is due to sellers feeling more confident about the outlook for the housing market after the general election. The results have provided potential buyers and sellers with a “window of stability” after the uncertainty surrounding Brexit. Miles Shipside, director at Rightmove, adds that the Brexit caused some home movers to hesitate, but with the results of the general election this pent-up demand might now be released.
The latest report from the Royal Institution of Chartered Surveyors suggest that interest from new buyers is growing nationwide, providing further evidence that the market is benefiting from the clarity provided by the general election.
What can Aston Knowles offer you in 2020?
Looking ahead at an active spring market, Aston Knowles would be delighted to As your local independent estate agent with over 50 combined successful years’ experience in the property market, we are in the perfect position to offer specialist advice in the buying, selling, and letting process.
We can offer you extensive coverage, exemplary property knowledge, and a service with a difference. Our services include extensive social media campaigns and regular advertising in local newspapers and magazines. Our detailed knowledge of the area and enthusiastic ‘outside the box’ approach ensure that we are able to match you with your ideal property, buyer, or tenant.
If you are considering selling your home, now is the ideal time to do so. Get ahead of the spring market and get in touch with our property experts today to arrange a free no-obligation market appraisal.
Have you been considering letting your property? Contact us today to make use of our exclusive introductory offer: an attractive monthly management fee of 10% inc VAT. With our extensive ongoing management and our let only services, you can be assured that your property is in good hands.
Sources:
https://www.theguardian.com/business/2020/jan/20/uk-house-prices-rise-at-fastest-rate-on-record
https://www.bbc.co.uk/news/business-51127329
