WOW. What a year! From traditional Westminster political parties in disarray to Local elections, to Brexit and Trump. The rise (and potential fall) of BTL. Changes to tax and Help-to-buy incentives and the implementation of additional 3% Stamp Duty surcharges. ‘Portal Juggling’. Record low interest and mortgage rates, plus ever increasing asking prices and decreasing property levels - we could go on!
In latest news - The value of housing stock has outpaced inflation and left UK home owners with an average value of £241,682, Halifax has claimed. The lender found the total value of privately owned housing in the UK has grown to over £5.5 trillion since 2006. In the past decade, total value has grown by 51% to an estimated £5.6 trillion - the highest on record! and beating the 33% increase in the retail price index. More than half, £1.1 trillion, of this rise is accounted for by London and the South-East. So Xmas has come early for some we would guess.
What will 2017 bring – it’s unclear at this stage but it’s going to be interesting. Many areas report diminishing stock and activity, on this page you will find a selection of our most recent Sales and Lets – It’s a good time to sell it seems! To take advantage of our special offers for December/January instructions, call us now! In the meantime our good friend Santa wishes all our clients old and new a most happy and peaceful Christmas and prosperous New Year.