For the first time in a long time there is actually some good news to report on the UK housing market. Despite the often atrocious weather we have experienced during the course of this month, results from a study by Hometrack showed the strongest monthly growth in house prices for three years. House prices haven’t grown this much since March 2010 and the results are something we at Hadley & Ottaway felt we had to report back to you!
Rising by 0.3% in England and Wales, whilst it might not seem up, is a considerable step in the right direction for a housing market that has been perilously close to the edge for some time now. It should also give you a bit of a confidence boost if you have been struggling to sell your property of late as it is a clear sign that the market is starting to become active once again.
The rise is believed to be a knock-on effect from the improvements to the market seen in London, where house price growth was recorded at 0.6% and 60% of postcodes across the capital saw a price rise. Outside of London, the growth in the price of a house was most successful in East Anglia and the South East, with a fifth of all postcodes across England and Wales seeing prices rise. The only area that somewhat bucked the trend was the North East where a rise in price wasn’t seen.
As ever, we at Hadley and Ottaway are on hand, ready and waiting to help you move house if you do decide to take advantage of the improving market and the large number of schemes put in place to help make the buying process easier for you. For more information on Hadley and Ottaway house removals in Ely or any one of the many other areas we service, don’t hesitate to get in touch today. We look forward to hearing from you.