Low interest rates and budding buyer confidence gave an
unexpected summer boost to the housing market.
According to figures from the National Association of Estate
Agents more than 1 in 4 (26%) of home sales in August went to a First Time
Buyer.
This is a proportion not reached since July 2010.
The August Housing Market Report showed encouraging growth
with the average number of first time buyers increasing from 22% in July to 26%
in August.
The same report also reported that National Association
Members had received an increase in the number of house hunters per branch
dramatically in August.
40% of homebuyers during August were aged between 41 and 55
years old said the survey.
Jonathan Waters, Managing Director of Jonathan Waters Estate
agents with offices in Ipswich and the surrounding area was happy to report
that these figures were mirrored within his own estate agents.
The number of enquiries we’re getting month on month with
new people registering as looking for properties has increased dramatically as
the summer has progressed.
One thing that we’ve experienced that bucks the trend of the
National Association Report is that we have also had an increase in numbers of
properties coming onto the market.
The Bank of England announced last month its intentions to
keep its base rate at 0.57% with guidance that this won’t be increased until the
recovery is stabilised is great news for those with a mortgage.
Jonathan continued “It also has the double benefit of
potentially stirring up further interest amongst property buyers who have until
now been biding their time.
With Christmas now very much on the horizon people have this
time of year firmly focussed in which to find a property now to be eating their
Christmas dinner round a table in their new home.”
Last week we agreed sales on 25 properties in just one week.
The combination of us marketing our clients properties from
a town centre hub office and local offices is a winning combination completely
unmatched by any of our competitors and that is just one of the reasons we are
able to achieve such huge success.
625 Foxhall Road, Ipswich, Suffolk, IP3 8ND
01473 721133
35 Buttermarket, Ipswich, Suffolk, IP1 1BH
01473 281188
Bristol Court, Betts Avenue, Martlesham Heath Business Park,
Martlesham IP5 3RY
01473 620222
or visit www.jonathanwaters.co.uk
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