Why Do House Prices Fall In Winter?
Starting in November and leading up until the start of the new year, house prices tend to dip compared to the prior months.
Starting in November and leading up until the start of the new year, house prices tend to dip compared to the prior months.
November and December can be somewhat quiet months, but the 26th December is a time that sellers look forward to and buyers start to survey the property market.
In the latter stages of 2022, there are a lot of pressures affecting the housing market, including increased mortgage rates
Over the past three years, the speed of sale has been a frequently discussed topic amongst buyers, sellers, estate agents and conveyancing brokers alike, although over the latter half of 2022 the reasons for this urgency have changed dramatically.
According to Rightmove’s House Price Index, the average house price in the UK has increased to another new record high of £371,158, although this increase is slightly lower than the five-year average.
A report from the Royal Institution Of Chartered Surveyors has predicted that a combination of factors could lead to the end of a 13-year boom period for the housing market.
The government’s recent decision to reduce stamp duty land tax (SDLT) will mean there will be an extra 200,000 homebuyers exempt from the levy.
Homeowners who want to sell their property for as much as possible should try to attract considerable interest in their house by improving its curb appeal.
Once many buyers have made an offer on the home of their dreams, they then have to navigate a buying process that when the market is as busy as it has been can make sales take months to complete.
House prices have dropped for the fourth consecutive month, but estate agents in Loughborough still see plenty of buyers wanting a home in the nearby area.