IN THE COUNTRY &TOWN Welcome to
Creating the inspiration to move
Embrace Hot Autumn Market
Welcome to this edition of In The Country & Town, the property magazine for showcasing some of the finest properties and also providing our readers with some engaging editorial features.
The market up-tick continues as the season changes from Summer to Autumn, so despite this Summer frequently being rained off, we know many house buyers are actively seeking their next home which is positive news for those wishing to sell their property. In a closely-run decision, the Bank Of England rates were lowered to 5% from 5.25% in August, marking the first cut since the start of the pandemic in March 2020 and hopefully the start of a steady, although perhaps slow, decline in mortgage rates ahead. Lower mortgage costs and the prospect of further rate cuts are having a positive impact on the market.The prospect of a higher tax burden for wealthier households suggests a less pronounced pick-up at the top end of the market, so savvy house buyers in this sector are seeing an excellent opportunity to acquire their dream home in the months ahead.
All in all the house market remains resilient as we move ahead to the Autumn and Winter seasons.
Politics and Property
The new Labour Government is now in power and the withdrawing winter fuel payments represented a rather swift sting for any pensioner who voted them in, so perhaps not the most endearing of starts.
From a property perspective, we hope they swiftly get to their stated intent to overhaul the planning system, because the pursuit of this initiative is vital in achieving a more balanced house market.
On the property rental front, lower mortgage rates are likely to ease financial pressures on mortgaged landlords, although the extent to which the Renters Rights Bill will add to a Landlords regulatory burden will only become clear when the Bill has been further developed. In the meantime, the lack of rental property on the supply side continues to drive this very active market.
The Autumn Up-tick
Join the
Currently, house sales productivity is actually significantly up on the previous year in our area of operation on the Hampshire/Surrey/Berkshire borders, so our invitation to anyone thinking of selling their property is to join the up-tick with a free no obligation valuation, and discover not only the likely price you will achieve but also the level of buyer demand.
Autumn UpTick ARRANGE A FREE VALUATION
John Holden - Chairman McCarthy Holden
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