Looking back over the first quarter of 2011, there have been mixed reports in the press on house prices. While Halifax reported a slight decline in house prices during Feburary and fewer houses changing hands on a national level, Nationwide reported a slight price rise for the average house in the UK. All of the different views provide a very complex perspective on the market.
We thought it would be useful to provide an update on how we have found the first quarter of 2011. You will remember at the end of January we said we were very pleased with the start to the year and the end of 2010. This sentiment has been mirrored by the latest report for January released by the Communities and Local Government on March 13th which showed “there were mixed results accross the UK” (www.bbc.co.uk), stating that “South West England had a house price increase of 1.4%”.
Since January we have found that the market has continued to hold steady, as we forecasted prices have remained roughly the same. The number of properties that we have taken on to sell and the amount of properties that we have agreed sales on is very positive. This gives us every confidence that Lymington and it’s surrounding villages are very unique.
Despite national updates stating the housing market is struggling each region should be reviewed on it’s own merits certainly the properties in this region are still selling well. Burkmars are pleased to report a large increase in both enquiries and sale agreeds so far this year compared to this time last year.
It is our belief that whether you are looking to buy or sell a property, the current market is very consistent providing a good and accurate basis for you explore all of your options.