The UK’s property market has received a growing amount of media attention over the last few months and needless to say there has been much speculation about how the governments help to buy scheme will affect house prices. Interestingly, a recent Rightmove report suggests that the average asking price in Tower Hamlets has increased by £48,597.00 (10.3% increase vs. September 2013). To view the full article on Rightmove click here.
“Whilst all of these statistics need to be taken with a pinch of salt (especially the most aggressive ones), what this does indicate is that this is very much a ‘sellers’ market fuelled by lack of supply on the market and an exceptionally high demand of buyer activity. At Vanet, we are registering triple the amount of buying applicants compared to this time last year. In short, the message to our buyers is do not wait – buy now”.
If you are thinking of selling your property contact us for a free valuation click here.