If you have been looking for more space in or out of the South West of London now could be the time to list your property or view some for sale. As the most recent Rightmove House Price Index report for January 2018 has returned some positive indicators.
The Right Move House Price Index has recorded record home-hunter activity in most regions, with January 2018 being the busiest month ever on Rightmove, home-hunter visits hit over 141 million. There have also been more vendors too, increasing by a modest 2% on the previous year.
This active start to 2018 indicates that housing demand continues to be resilient. More people must be looking to move in or out of South West London as well as all other places across the country. The price of property coming to market has increased slightly by an average of 0.8% (+£2,414), indicating cautious optimism among new sellers.
“Whilst it is the norm for new sellers’ asking prices to be buoyant at the start of a new year, this first complete month in 2018 is seeing more pricing optimism than the comparable period in 2017. The political and economic uncertainty is out of sellers’ control, but they are in control of their asking prices, and in general, they are not being overly ambitious or setting too high an asking price. This month’s rise of 0.8% is well below the 1.6% monthly average at this time of year over the last ten years, and it is wise for sellers to be cautious and not to overprice given stretched buyer affordability.” Says Miles Shipside, Rightmove director and housing market analyst.
If you are a vendor or a buyer looking for advice or wish to list your property and are looking for an estate agent in Surrey and South West London who are always one step ahead of the market then why not pop into your local branch of Goodfellows for a chat and a coffee or call Martin Humphreys on 020 8946 6511.
http://www.rightmove.co.uk/news/wp-content/uploads/2018/02/Rightmove-House-Price-Index-19th-Feb-2018.pdfcall Martin Humphreys on 020 8946 6511.