Strong housing market in the coming months

Strong Housing Market in the Coming Months?

Traditionally, spring is the season when the housing market picks up.

houses, property, renting, sale

Traditionally, spring is the season when the housing market picks up.
An increase in the number of buyers, helping boost the number of sales agree, points to a much stronger market in the coming months.

City bonuses have ignited the housing market in London.
Big houses are selling fast, often going to sealed bids.
In one case a property was reported to have attracted 33 bids.

Furthermore, the growth that started in the prime areas of London is showing signs of spreading out across the rest of the capital.

London continues to be the engine for national house price growth with values in the capital moving 1.2% higher over the month and by over 3% over the last quarter.
In contrast, growth in the regions away from the south of England has totaled less than 0.5% over the last three months.

The strong performance by London is down to an on-going mismatch between the number of homes coming to the market for sale and the growth in demand.

 

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