Seymours is already seeing increased confidence in the property market with enquiries from potential buyers on the increase. Many sellers who hesitated until the election result was clear are now putting their homes on the market across all areas of Surrey.
Pre-election predictions of a hung parliament, together with the Labour-proposed mansion tax, certainly added to the level of uncertainty across Surrey and homeowners’ reluctance to take the plunge and sell their property over the past couple of months.
Now, with homeowners in a more informed position, we’re witnessing the start of an upward trend with the number of homes on the rise. Increased confidence also comes from Brandon Lewis continuing in his role as Housing and Planning Minister.
For Surrey the outlook remains positive, reinforced by the continued increase in property values throughout the area, as confirmed by recently released data in the House Price Index by the Office of National Statistics.
Seymours feels positive about the government’s passion for homeownership and its plans to build 200,000 new Starter Homes for first time buyers. The government’s plans to extend the Help to Buy Equity Loan Scheme to 2020, together with the Help to Buy Isa, are also viewed by Seymours as policies that will impact positively on Surrey’s property market.
It is this renewed confidence in the housing sector and the economy as a whole, together with the decisive election result, that Seymours believes is the reason that more people are now looking to sell their property.
If you are considering selling yours, contact one of our 15 partner offices across West Surrey. See our contact page for our full list of office locations and get in touch today.