IN THE COUNTRY &TOWN Welcome to
Creating the inspiration to move
The Market
Welcome to this October edition of In The Country & Town, and the forecast for the months ahead is probably more rain but definitely more house sales as the market continues to improve.
As regular readers will know we have been reporting a resilient property market for over a year now, and as we go to press, the latest news from the UK’s largest mortgage lender is that house prices came close to reaching a record high last month as falling mortgage rates helped to boost confidence among buyers, according to Halifax. The market improvement and indicators of a good market is really about the volume of sales and not house prices alone, because any house price rises are likely to be limited by the considerable cost of living increases down the line.The volume of unit house sales is up in 2024 and this means a house seller can be confident about securing a buyer, providing a realistic price is set to go to market with. The market up-tick is now likely to continue through to the New Year judging by the buyer demand being experienced at McCarthy Holden branches. So despite our days 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. All in all the house market remains in good shape as we move ahead to the Autumn and Winter seasons.
Will Interest Rates Fall Soon?
In a closely-run decision, the Bank Of England rates were lowered to 5% from 5.25% in August, and a decision to hold rates was made in September. Bank of England governor Andrew Bailey recently said cooling inflation pressures means the Bank should be able to cut interest rates gradually over the upcoming months, adding “it’s vital that inflation stays low, so we need to be careful not to cut too fast or by too much”. Many analysts expect the Bank to cut rates at its next meeting on 7 November.
The Up-tick,….continues
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.
Join the
Autumn UpTick ARRANGE A FREE VALUATION
We hope you will enjoy reading this property magazine, designed for showcasing some of the finest properties and also providing our readers with some engaging editorial features.
John Holden - Chairman McCarthy Holden
Published by Kilbricken Publishing and John Joe Photography Limited,Telephone: 07470 707275, email jjtopshot@outlook.com, web johnjoe.co.uk. Publishing 2022 - All rights reserved. Reproduction is forbidden except by express permission of the publishers.The content of this magazine is believed to be correct but its accuracy is not guaranteed and it does not form part of any offer or contract. John Joe Limited cannot accept responsibility for any omissions or errors.
6 | mccarthyholden.co.uk
Made with FlippingBook. PDF to flipbook with ease