October 10, 2013

Rising Property Prices in the High End Residential Market

Written by Rebecca Clayton

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It seems that there is finally good news for the residential property market. Some of the country’s major property companies are all reporting that the UK’s housing market is on the steady incline.

Rightmove are the UK’s largest property portal on the web and the 6th most visited website in the country – they have adjusted their price prediction from 4.5% growth to 6% during 2013 whilst the Council of Mortgage Lenders announced an 11% increase in mortgage applications year on year from 2012. This increase is mainly due to the governments ‘Help to Buy’ scheme allowing first time buyers to re-enter the property market.

Move and Improve was held at Moor Park in Rickmansworth

This increased interest in the high end property market has led to a healthy rise in property prices for 2013. Hometrack, who are the UK’s largest collator of house price data, reported that house prices grew in 1/3 of the country throughout August. This is the largest coverage of house price growth since May 2007.

At the recent ‘Move & Improve’ seminar held at Moor Park in Rickmansworth Sewell and Gardener, a local and award winning estate agents, reported having seen a similar uplifting trend in the property market. Applicants for properties have increased by 27% in the last year whist sales agreed has improved by 21%.

The event was hosted by Sewell and Gardner estate agents

It seems like good news for the residential property sector – now is the best time to start buying, renovating and improving your properties.

Information collated with the aid of Sewell and Gardener Estate Agents and images used with their kind approval.

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