Sales Market Still Strong
Tue 8 Nov 2016
As we enter the last part of the year and eyes turn to Christmas we are told by analysts that the sales market is still buoyant.
UK house prices surged unexpectedly in October a survey from mortgage lender Halifax claimed on Monday.
House prices shot up 1.4% in October compared with an upwardly revised 0.3% increase in September. Economists polled by Reuters had expected only a 0.2% rise.
In the three months to October, house prices were 5.2% higher compared with the same period a year ago – again stronger than the Reuters poll consensus that pointed to a 4.8% rise.
Whilst Halifax said house price growth may ease in the coming months, low mortgage rates and a shortage of properties for sale should provide support.
Chester of course remains a very popular location for many. So if you aren’t too sure about the value of your home just pop in or call us. We can provide you with a free no obligation market appraisal.