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Strengthening Market in 2014
October sees further rises in UK house prices
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Housing supply back on the increase as house hunters stay serious

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Strengthening Market in 2014

 After years of average performance since 2008, this year saw the British property market roar back to life. According to Halifax, prices rose by 7.7 per cent across the country as a whole. In London, the figure was more than 10 per cent. Elsewhere, growth was not so strong – parts of the North and the West Country, in particular, might ask when this economic recovery is going to arrive. But in general, 2013 was a success story for British property. What will 2014 bring? 

Instructions for surveys are continuing to rise each month as confidence in the market returns. Demand is currently outstripping supply and we are already seeing signs of gazumping. If you are considering a survey I recommend you call us as soon as possible in order that your instructions may be progressed quickly and efficiently by Rainfords Chartered Surveyors

October sees further rises in UK house prices

According to data released from the latest Nationwide HPI, house prices are now around 7% below their 2007 peak.HEADLINES  

                                                   OCT-13      SEP-13
Monthly Index*                          345.

Housing supply back on the increase as house hunters stay serious

Last month saw an increase of nearly ten percent (9.6 percent) in the supply of houses coming on to the market, according to the National Association of Estate Agents (NAEA).

Figures from the NAEA September Housing Market Report showed a leap in properties entering the market, up from an average of 52 in August to 57 in September - putting a halt to four consecutive months of decline since April 2013.

NAEA members also reported a drop in the number of house hunters registering with agents, down from a recent high of 322 in August to 314 in September.

Help to Buy 2 launches

A landmark £12billion scheme to help thousands of people buy a home of their own will be officially launched today by the Prime Minister and Chancellor.

High Street banks including Natwest, RBS, Halifax and Bank of Scotland will start offering new Help to Buy mortgages this week.

And today Virgin Money has also confirmed they will participate in the scheme, and will be offering new guaranteed mortgages to borrowers in the New Year. Aldermore Bank has confirmed that it is joining the scheme in January, and is exploring whether this date can be brought forward.

North West Business Award Nominations

Please spare 2 minutes to vote for Rainfords Chartered Surveyors for best customer service and best property company in the North West. Nominations are open until 31 October 2013

Asking prices hit their highest ever

Asking prices hit their highest ever, says Rightmove Monday 20th May 2013

New records have been set in sellers’ asking prices, Rightmove said this morning.

The average asking price of a property new on the market is touching £250,000 for the first time, while in London it has soared past the half a million pound mark for the first time.

According to Rightmove, new sellers have bumped up their asking prices by 2.1% over the last month, to stand at £249,841 – nine times the average pay packet.
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