SIX-MONTH HOUSE PRICE HIGH
Wed 14 Oct 2015
Six-month house price high
By Simon Kelso, Director at Seymours in Worplesdon
A recent UK housing market survey has revealed that, as of last month, the UK’s housing activity was at its highest level in six months – and the second highest monthly level on record.
According to the survey, valuation activity was up 29 per cent in September 2015 when compared with September 2014. Of course, regional variations apply and in the South East things are very different.
In fact the Worplesdon office has seen valuation activity increase by 35 per cent, which suggests that an autumnal sale (and possibly a pre-Christmas move) is high on the agendas of homeowners across Surrey.
The autumn months of September and October are, like spring’s March and April, a time when people decide to move. As a result, there is often a flurry of activity and a heighted interest in the property market during these seasonal ‘peaks’.
However demand is still outstripping supply – and by a significant degree, too. We estimate that for every homeowner looking to sell their property there are approximately nine people waiting to buy it. Great if you’re selling a property but highly competitive if you’re trying to buy.
As the festive season creeps closer and closer (just over two months to go at the time of writing) our advice to those considering selling their property in the New Year is to make the most out of this demand and place their property on the market now in readiness.
Whilst it’s highly likely that anyone doing this will quickly receive an offer – or at least expressions of interest – particularly in Surrey, it does mean that those selling will have options in the run up to Christmas. So, even if you’re not ready to move home prior to carving Christmas lunch, it will certainly leave you well placed for when 2016 arrives.
After all, as we know too well things can quickly change and just as last month represented a six-month high, you never know what’s around the corner when it comes to the property market.
If you live in Worplesdon and the surrounding areas and are thinking of moving either before Christmas or just after, contact Simon Kelso or Max Chapman at Seymours of Worplesdon on 01483 572547. Alternatively, email firstname.lastname@example.org.