Monday, 22 December 2014

What will happen in the residential housing market for 2015?

Daniel Tarrant, the sales director and business partner of Belvoir Andover on Bridge Street says "It is that time of year again where I am always asked by clients & mutual property professionals what my predictions are for the coming year.

With a general election planned for next year and changes made to both the stamp duty & pension schemes (please feel free to contact me if you would like to know more about either point) there have been mixed opinions on whether the 'bubble' would burst. For starters, this 'bubble' never existed, all that happened in 2014 was the market re consolidating and catching up on what can only be described as lost time."

Daniel goes on to say "Rightmove reported that the South of the UK had increased 32% from January 2012! This was buoyed from a ripple effect of the London market and the increase in the 'buy to let' market.

Although we do not expect to see such heavy house price rises in Andover and the surrounding area for 2015 there is an expectation that the market activity will still be strong with small percentage rises throughout the year. 

We also expect January to be a busy time in the market where people immediately get online house hunting immediately that Christmas is behind them."

Now is a great time to be preparing for your home to come to market. Why not call us to get a FREE and no obligation valuation. You never know, your home may be worth more than you think!

The residential buy to let property market here in Andover has always been reliable, safe and profitable for investor buyers. With typical yields of 5 - 10% yields on relatively low purchase prices.

As many of you will be aware, Belvoir is part of a national network of owner operated businesses where Andover sits in the top 5 busiest in the UK. Be with Belvoir for expert property marketing services.

For a more information on anything relating to property, whether it to be buying, selling, marketing, finance or mortgages, please contact us 01264 366611 or