Taking the long-term view

Newsletter April 2024

Only six towns and cities have seen price growth above the 3.8% inflation rate since 2005, The UK market usually suggests that prices double every 10 years, only Manchester, Bristol, Cambridge, London, Brighton and Hove and Edinburgh have seen house prices rise more than inflation, which if course is pleasing to us down here on the coast, however last year did see some decrease in value due to the lack of activity which should be counteracted over the next two years all being well.

In other positive news we have seen a marked increase in instructions and sales over Easter and we feel this will continue through the year, there is talk of the Bank of England dropping interest rates and we see mortgage lenders dropping rates which does prop market activity up from the bottom end.