It looks as if summer might finally be here with some very welcome sunshine, can we expect a big improvement in the property market now?
Although sales and general activity in June were well up on last year, as we moved into July there was a slight drop in sales. This was due to both the election and the football. Inflation has stayed low, and with the promise of interest rate cuts in either August or September there is every promise of a surge in the housing market. In addition, asking prices fell slightly in June and whatever your politics we have a great deal of certainty going forward.
In short, the coming months will be a very good time to move, average five-year mortgage rates are about 4.9% with strong competition amongst lenders.
If you would like help with your sale, purchase or mortgage, please do contact us.
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