Are Things Looking Better For the Housing Market?

At WitSell, our property experts have been examining Witham House Sales April. According to the latest figures from HMRC, house transactions are up for April 2019 by 0.8% when compared to April 2018.

So Why Could This Be?

  1. People are getting sick of waiting. Brexit has caused a hell of a lot of uncertainty within the market place with the Governor of the Bank of England warning of apocalyptic housing market scenarios. People (potentially) can’t hold off any longer and are moving regardless.
  2. Confidence is in fact rising! The end has not come as was predicted and people are gaining confidence. House prices are slowly creeping up and the below graph demonstrates this (data excludes new build homes)Increasing Property Values
  3. Seasonal Transactions. Combine the above and we could see that, after a long hard winter, people have come out and want to move. Employment and jobs is on the rise which in turn is reflected in the need to move home.

What Does This Mean?

Although UK residential transactions (when seasonally adjusted) have dipped from March 2019, it should be mentioned that the results are provisional and could still be revised upwards. So does this mean we are approaching the time to list your property for sale? Most definitely! Listing now will place your property in the annual sales sweet spot – just before summer really kicks on and the housing market is energised by the sun and good feeling amongst everyone.

Can WitSell help?

Should you wish further advice on what the next step is on your journey to Witham House Sales April and moving, why not contact WitSell? We provide a free, no obligation sales appraisal service and would love to speak to you! Call 01376502450 to book your appointment with one of our property experts today!  Alternatively, why not use our online valuation service for a quick peek? Our tool allows you to se what has been sold nearby and uses HM Land Registry data for the most accurate valuation you can find! Click here for more information

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