Property Price Increase 2014

Property Conveyancing

As we enter spring, the property market follows ‘springing’ into action. Average property prices are up 1.6% on last month and 6.8% on last year and in the last twelve months First time buyer mortgages are up 38%. The increase in price levels are encouraging more sellers into the market to meet the ever increasing buyer demands. With the chancellor George Osborne announcing an extension to the help to buy new build scheme until 2020 the affordability of homes is likely to push the demand for property even higher, which is sure to have a knock on effect to the increasing sales prices.

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