Property 'Sales Agreed' are +15% higher than this time last year! 💹
📸 Lead image FOR SALE by Cavendish Residential: Two bedroom city centre apartment ideal for investment or first time buyer | Guide Price £160,000 📸
📰 Latest House Price Index from Rightmove:
🔹 Average new seller asking prices drop by -0.4% (-£1,617) this month to £373,493
🔹 This is a bigger July drop than usual, due to: distractions of General Election, sporting events and summer holiday season
🔹 With General Election over, signs emerging that most home-movers are now continuing with their moving plans
📢 Sales Agreed = +15% higher than this time last year 📢
🔹 New sellers = +3% higher than this time last year
🔹 Buyer demand = slight drop of -2% (particularly as affordability is stretched in the First-time Buyer sector)
🔹 Bank of England Base Rate cut may be as soon as August or September!
🔹 This would boost home-mover activity and bodes well for the Autumn market
🔹 Average 5-year fixed rate mortgage is now 4.97% - peak was 6.11% in July 2023
🔹 So yes, 4.97% is good but remember those 2.51% days in July 2021!? That was the start of 14 consecutive rate increases
🌟 Instant online valuation (immediate response, 60-70% accurate)... Click here 🌟
🌟 Remote consultant valuation (24-hour response, 80-90% accurate)... Click here 🌟
🌟 Face-to-face visit (time to suit you, 100% accurate)... Email expert valuer lisa.dahl-parsisson@cavendishproperty.co.uk to get started 🌟
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