Market Update 2022
Is the housing market slowing down?
Will demand for properties slow down with the increases in cost of living and the impending Interest Rate Rise?
These are questions that we, as Estate Agents, get asked all of the time. Whilst we cannot predict the future, at this current
Is the housing market slowing down? Will demand for properties slow down with the increases in cost of living and the impending Interest Rate Rise?
These are questions that we, as Estate Agents, get asked all of the time. Whilst we cannot predict the future, at this current time the answer to both of these questions is quite simply there are no signs that the market is going to slow down or that the interest rate rises will have an impact on buyers demands for properties.
All that we can say is that now is an excellent time to sell. The market continues to be strong. We have had more properties come to the market this January than we did last January. Buyers continue to want to purchase properties and demand is such that this normally means that there are “block viewings” and “best and final offers”. This does ensure that we are able to achieve the very best possible price, from the very best buyer for you.
However, this is also a great time to buy a property. The mortgage interest rates are still very low; house prices are continuing to increase which means equity being immediately accrued and the cost of borrowing is still less than the cost of renting. Being in the best possible position to purchase is really important. Having your mortgage approved and an Agreement in Principle available is essential to secure a property. Also being in a position to proceed is crucial. Being a First Time Buyer or in rented accommodation is always the beginning the process, but if you have a property to sell, then making sure that is under offer (SSTC) will ensure that the moment you find a property you can jump straight in and make an offer.
As you can see from the graphs below, taken directly from Rightmove, more people are choosing Lawler & Co as their preferred agent than any other local agent.
To find out why, book your valuation here.
The above data is derived purely from Righmove.co.uk’s internal statistics and advertisers on 01/02/2022. May be subject to specific geography or search criteria and is provided ‘as is’ for general interest only. Rightmove makes no warranty as to the data’s suitability for any purpose and accepts no liability for any action or inaction taken as a consequence of its use. For a full list of all competing agents contact marketing@rightmove.co.uk
Alan Cooper MARLA, Hazel Grove Branch Manager