Estate Agents Newtownards
Nov 15, 2015
It has just been confirmed this month that house prices have risen across all parts of the UK for a thrid consecutive month in October 2015 whilst Stocks and Shares continue to fall.
The recent RICS report suggests house prices are to rise by 4.5% each year over the next five years, which equals an approximate cumulative increase of around 25%.
RICS' report also claims that new sales instructions extend futher, uninterrupted dating back from February but although sales growth has remained at a constant level, expections remain slightly more positive.
In October 49% Chartered surveyors saw house prices rise across the UK, compared to 44% the previous month.
The supply of new properties being introduced to the sales market has seen a decline since 2014, with the number of new instrcutions only increasing in the past three months.
Therefore suggesting due to the lack of new properties for sale in market the market, it has cause a hike in house prices and increase in agreed sales.
However, unsurprisingly rental expectations remain consistantly strong with respondents expect rents to increase over the the next 12 months, with further rental growth anticipated to accelerate to an average of 5% per year over the next 5 years.
So If your considering selling your house and looking for a relatively fast sale whilst getting the best possible price then nows the time to act!
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