With all the latest news about the increase in UK property prices, now is a good time to consider moving and putting your house up for sale. (See Average UK House Price Increase article for further details).
If you are seriously considering moving house, the chances are you will also need to obtain a mortgage to purchase your new dream home.
The conveyancing process of buying or selling a home is a complex administrative process that requires specialist skills to ensure that all of the appropriate searches are conducted and all relevant legal aspects of the sale or purchase are thoroughly investigated.
According to various sources house prices appear to be on the increase, which is great news for those who are considering moving and wish to offer their house for sale. According to the Nationwide the average UK house price increase was 0.4% in May and Rightmove predicts an average increase of 2% for this year.
Although UK house prices have seen their strongest growth in 18 months, it does depend on where you live, with London and the South East experiencing above average price increases.
To see what the experts are saying about the average UK house price increase we recommend reading the following articles:
6 days ago … House prices posted their first slight rise since June 2010, according to … By 2018, it predicts the cost of the typical UK home will be £267,000.
“RICS report followed a bullish forecast from the Centre for Economics and Business Research that the cost of the average home will jump by nearly £50,000 over the next five years.
The CEBR said house prices will ‘surpass’ their pre-crisis peak for the first time next year, reaching an average of £227,000. By 2018, it predicts the cost of the typical UK home will be £267,000.”
1 day ago … UK house prices rose by 0.4% in May, according to the Nationwide, … The increases mean that the average house now costs £167,912, the …
It said the increase provided further support for “the view that the housing market is gradually gaining momentum”.
The annual rate of price growth rose to 1.1%, the fastest pace since November 2011.
The increases mean that the average house now costs £167,912, the Nationwide said.”
A report by property search website Rightmove predicts an average rise of 2 per cent in sellers’ asking prices in 2013, thanks to increased competition among …
“A report by property search website Rightmove predicts an average rise of 2 per cent in sellers’ asking prices in 2013, thanks to increased competition among mortgage lenders and a continued shortage of homes.”
1 day ago … UK house prices reach £167,912 sterling on average, says Nationwide. UK house prices have recorded their strongest year-on-year growth in …
“The study is the latest in a string of reports which have pointed to returning confidence in the UK housing market in 2013 as borrowers find it easier to access a mortgage.
The number of mortgages on the market has increased sharply since the UK government launched a scheme called Funding for Lending last August, which has given lenders access to cheap finance to help borrowers.”
1 day ago … Property prices in England and Wales rose by the most in six years in May, … the highest monthly increase since May 2007, when the U.K. was in the grips of … and the South East, where prices grew at an above average rate.
Elsewhere, housing market conditions are improving gradually, with prices trending slowly upwards, averaging just 0.1 percent over May, said Hometrack Director of Research Richard Donnell in the report, which was published on Monday.”
Whilst an upward trend in property values is very good news for existing home owners it is not good news for first time buyers, especially those struggling to save for a deposit. The following video highlights the problem faced by first time buyers attempting to get a foot on the property ladder.
Pressure On First Buyers As House Prices Rise More young people are living with their parents while trying to save for a deposit, as house prices continue to…
If you are keen to move but have been put off by the all the doom and gloom that has surrounded the property market over the last few years, it would seem that now is a good time to bite the bullet and consider selling your property!
We hope that you found this Average UK House Price Increase article helpful and informative. Please feel free to comment below and share this information with your friends and colleagues.
If you are currently searching for a new home please check out this impressive and Highly Affordable Property For Sale In Cambridgeshire.
Currently, all homes that are either sold or rented in the UK are required to obtain an Energy Performance Certificate (EPC) by law. The EPC issued for your house or commercial building will be valid for 10 years and the front page should be attached to any sales particulars that are produced.