The popular Leeds property expert has shared some tips for those considering selling their houses
“There is no point comparing this market to the boom markets of 2020 or 2021, where average property prices rose by almost £60,000 over the last three years. The comparison needs to be with what we might consider a normal market, i.e. the market in 2019, which all of the figures are starting to look very similar to.
“While properties on the market continue to grow here, it’s at around a 5% monthly rate, which isn’t enough to make prices tumble. For reference, there were 24% more properties for sale in the same month in 2019. “Prices will correct to an extent. There is still plenty of money available in the mortgage market to support those that can afford to buy. On the ground right now, we are still seeing buyers come through as mortgage rates steady, but naturally some would-be homebuyers are taking a pause whilst we wait to see what happens with borrowing, interest rates, unemployment and the cost-of-living increases.
“Our priority now is to educate sellers not to list too high and chase the market down further. We have learnt from markets in the past that the key is to ensure the price a seller lists at, reflects good value against other properties available in the market.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Average five-year mortgage rate drops below 6 per centAverage five-year mortgage rate drops below 6 per cent for first time in seven weeks
Lire la suite »
King Charles' Balmoral estate suffers flood damageKing Charles' Scottish estate Balmoral has suffered flood damage, according to an official tweet warning visitors to take care
Lire la suite »
Police 'seal off' part of Strabane housing estate - LIVE updatesPolice now say a suspicious object has been found
Lire la suite »
Lincoln estate agent Mundys recognised as Best in County at awardsResults calculated from over 200,000 customer review ratings
Lire la suite »
Extension of estate will still go ahead after second reviewResidents had said the plans would have a 'detrimental impact' on their area
Lire la suite »
Comedian Joe Lycett said he would ‘never be so irresponsible’ to shred £10,000 and the stunt was to get people talkingComedian Joe Lycett has said he would \u2018never be so irresponsible\u2019 to shred \u00a310,000 and admitted that the stunt was an elaborate plot to get people talking.
Lire la suite »