Your latest property market newsletter

Your latest property market newsletter




Another new record for asking prices has been set

 
According to a popular property portal, the average UK property price has now exceeded £350,000. Asking prices across the nation saw a hike of £5,760 in March, marking the largest increase at this time of year since 2004. *

Properties with four bedrooms or more, saw the biggest price increase in March, with values soaring by £28,619 (3.8%). In fact, if you’re considering selling your three or four-bedroom home, you could find a buyer within the first two weeks of marketing. *

As a seller, you may be wondering why prices keep rising. It’s simple: demand remains incredibly high. This spring is said to be the best-ever spring to sell your home, and it’s true. The imbalance between supply and demand is the biggest that has ever been measured at this time of year, meaning you’re likely to secure a sale quickly, for an incredible price.

 

Are you ready to secure a sale this spring? We’re ready to help. Get in touch with us to book a property valuation today.

 

 

*Rightmove



How to speed up the purchase of your ideal home

 
Buying a home is a very exciting time, so it’s in everyone’s interest to speed up the process. There are specific steps you can take to steer things in the right direction!
 
Know your stuff
 
A house is likely to be the biggest purchase you'll ever make, which means certain legalities are involved. Getting your head around the key terms will help you communicate easily with estate agents and solicitors.
 
Who you work with is also very important. Ask friends and family to recommend trusted property professionals and removal companies to get your ducks in a row before you begin.
 
Organise your finances
 
Once you feel confident about progressing, it’s time to weigh up your options. Should you sell before you put in an offer? While you’ll be a chain-free buyer, you’ll have to factor in storage costs and rent while looking for your ideal home.
 
It’s also a good idea to talk to a mortgage expert to arrange an agreement in principle.
 
Communicate clearly
 
So, you’re ready to make an offer. If the seller accepts, arrange a date for exchanging contracts and communicate your requirements to your solicitor clearly, so everyone stays on the same page. On that note, make sure you respond quickly to any requests to prevent holdups.
 
Of course, you will need a trusted partner with expert local knowledge to help you sell your current home or buy a new one. That’s where we come in.
 
Book a free property valuation with Greenaway Residential.
 



EPC changes offer good opportunities for landlords

 

In a bid to combat climate change and reduce pressure on strained energy supplies, the government has recently announced new proposals on EPC ratings. The changes will require landlords to increase the energy efficiency of their properties to a C or above.

Improvements must be made by 2025 for new tenancies, or 2028 for existing tenancies. As a recent survey showed, 68% of landlords currently own rentals with D or below EPC ratings, which means most will need to act soon to avoid problems down the line.*

While increasing the energy efficiency of your properties can be a costly exercise, it’s also an opportunity to raise the value of your rentals and reduce bills for tenants. This, in turn, will make your lets more attractive to tenants, especially at a time of rising energy prices.

In addition, landlords looking to expand their portfolios may consider buying less efficient homes to upgrade the EPC rating and turn over a profit. If you own a property rated C or above, now is a great time to think about letting it.

 

However you intend to respond to the upcoming changes, we’re happy to discuss your options going forward.

 

Contact our team to discuss this further, or to arrange a lettings valuation.

 

 

*Landbay



A guide to determining the value of your home

 
It's only natural that you would like to gather a fair amount of knowledge before booking in for a property valuation.

For the vast majority of us, owning a home will be one of the most significant financial investments we'll ever make. Therefore, maximising its worth is critical if we want to move up the property ladder.

We've taken this opportunity as your top local expert to explain some of the key aspects of your valuation so that you understand exactly what you're receiving and why.

 

What does “property valuation” mean?

A property valuation is an analysis of your home's worth. A variety of considerations, including the type and size of the property, its condition and location, as well as the seasonal and national trends in the local property market, are all factors we take into account.

It is a good idea to have a local agent conduct your valuation. They will know the local market and be able to target buyers in that area with effective marketing, which will lead to more viewings.

When choosing a representative, it is important to consider the service promise and success metrics, rather than the lowest cost.

 

Why is it crucial to obtain an up-to-date valuation?

While you may not be ready to sell right now, it's a good idea to keep a close eye on your local market.

Knowing your home's worth can also mean that when you are ready to sell, you'll be prepared and ready, saving you time and energy right from the beginning of your property journey.

 

Whether you're looking to sell now or in the future, you can get your up-to-date property valuation here.

 



The Greenaway Foundation

The primary aim of The Greenaway Foundation is to help local financially challenged families.
 
Find out how you can get involved.

Click here to read The Greenaway Foundation.