House Prices Rise By 0.8% In January 2018

Posted 20 Feb 2018
House Prices Rise By 0.8% In January 2018

The housing market has got off to a positive start in 2018, with the average house price of newly marketed properties, rising by 0.8% (£2,414) to £300,001.Rightmove (which tracks 90% of the UK property market) have seen ‘record’ levels of house-hunting activity and demand for housing remains strong.

Although historically newly marketed property prices have always been buoyant at the beginning of a New Year, they are more optimistic than the comparable period in 2017, showing signs that the year ahead will remain strong.

First time buyers are at an 11-year high, with the abolished stamp duty for properties below £300,000 attributed to this hike.

With interest rates still highly competitive, now is the time to talk to a specialist mortgage advisor to discuss your requirements and options available.

If you'd like to find out more about how we can help please click on the link below to contact us.

Clare.viner@mortgagesforyachtcrew.com

Your home may be repossessed if you do not keep up repayments on your mortgage

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