It is vital you instruct an agent who understands what lies ahead and has the necessary measures in place to see you through to the finish line. With the increase in sales activity the legal process is not likely to be in a position to keep up. With the land registry preparing to take over the property search process, local authorities are refusing to invest in the technology and resources required to improve the current system and as staff are leaving not a lot seems to be going ahead in terms of replacing them.
It is because of this that our team at Newton Huxley deal with recommended and approved solicitors, take extra care when agreeing sales, and stay on top of the progression as this is the most vital part of the process that needs an agent to deliver and work effectively.
The average national fall through rate for 2015 is reported to be as high as 27.5% to date, to find out more about how we operate differently from other agents, achieving a fall through rate of just 12.5%, please contact us on 0208 396 6717 or click this link to go to our valuation page and book your appointment today.
We are about to enter a sellers’ market, Halifax has put the average house price at £200,280, 3.3% higher than three months ago and up 9.6% from 12 months ago.
Martin Ellis, Halifax economist has said that the shortage of new properties coming onto the market has been a major factor in house price growth this year.
In a recent report from RICS (Royal Institute of Chartered Surveyors) confirms that the average number of properties on the market per estate agency is at a record low since 1978.
RICS said that both house prices and rents are likely to grow at a rate exceeding growth in wages.
Corporate Estate Agency LSL have also reported a 15% increase in sales last month. Signifying the start of the anticipated post-election boom.
Is it really a sellers’ market? We think so. Having reviewed transactions throughout the first six months of 2015 we can confirm there has been a steady increase in buyer activity. We can also see evidence that properties will begin securing buyers that have previously struggled to sell. Here are our reasons why:
Tory Victory In General Election
Many believed the post-election market would immediately take off, however confidence in the market that was anticipated did not arrive. Homeowners that were expected to put their property on to the market post-election delayed their move creating a shortfall in property stock for proceedable buyers, which has increased demand to supply ratio significantly. This is the main factor in our achieving over 98% of asking prices throughout 2015.
Low Interest Rates
Attractive interest rates have not just increased activity from buyers, many homeowners have opted for a remortgage and to stay put, further exasperating the current market. Recent media reports suggest that interest rates are set to remain low for the foreseeable future. In some cases remortgages are saving homeowners £100's of pounds a month on repayments – if you would like us to put you in touch with a broker to explore potential savings please call us on 0208 396 6717.
Increase In Buy To Let Activity
Partly due the lower interest rates available, there has been a jump in the number of investors registering for buy to let opportunities, increasing competition for property even further.
So what is the right choice for you?
For a confidential discussion, whether or not you are looking to Sell or Buy in the East Molesey, West Molesey, Thames Ditton, Esher or Walton On Thames area please get in touch on 0208 396 6717, email info@newtonhuxley.co.uk or request a valuation.
We all want to know that where we settle our family is the right place to get the best opportunities and quality of life. If you picked East Molesey, West Molesey, Esher, Thames Ditton or anywhere within the Elmbridge borough, you apparently made a pretty good choice!
If you haven’t decided yet, the table below outlines the top 50 places to live in the UK.
LOCAL AUTHORITY Hart |
REGION South East |
RANK 1 |
AVG WEEKLY EARNINGS 839 |
CRIME RATE 16.6 |
Elmbridge | South East | 2 | 1,104 | 36.1 |
Winchester | South East | 3 | 780 | 15.5 |
Rutland | East Midlands | 4 | 623 | 13 |
Chiltern | South East | 5 | 941 | 34.7 |
Uttlesford | East of England | 6 | 819 | 16.3 |
South Northamptonshire | East Midlands | 7 | 691 | 16.9 |
Rushcliffe | East Midlands | 8 | 731 | 28 |
Wokingham | South East | 9 | 786 | 26 |
Waverley | South East | 10 | 903 | 16 |
Warwick | West Midlands | 11 | 704 | 37.8 |
St Albans | East of England | 12 | 1,010 | 28.1 |
South Cambridgeshire | East of England | 13 | 772 | 25.3 |
Sevenoaks | South East | 14 | 895 | 27.3 |
Richmond upon Thames | London | 15 | 977 | 51.3 |
Bracknell Forest | South East | 16 | 714 | 16.5 |
Mid Sussex | South East | 17 | 714 | 13.5 |
Huntingdonshire | East of England | 18 | 645 | 28.3 |
Mole Valley | South East | 19 | 870 | 20.4 |
Surrey Heath | South East | 20 | 768 | 16.8 |
South Oxfordshire | South East | 21 | 845 | 18.6 |
Stratford-on-Avon | West Midlands | 22 | 699 | 26.3 |
Guildford | South East | 23 | 833 | 29.3 |
Babergh | East of England | 24 | 649 | 17.3 |
Chelmsford | East of England | 25 | 761 | 24.8 |
Windsor and Maidenhead | South East | 26 | 853 | 55.1 |
Reigate and Banstead | South East | 27 | 865 | 27.3 |
East Hertfordshire | East of England | 28 | 817 | 23.7 |
Basingstoke and Deane | South East | 29 | 736 | 27.6 |
West Oxfordshire | South East | 30 | 715 | 12.2 |
Tunbridge Wells | South East | 31 | 813 | 17.6 |
North Hertfordshire | East of England | 32 | 790 | 19.4 |
South Kesteven | East Midlands | 33 | 614 | 24.7 |
Kensington and Chelsea | London | 34 | 1,372 | 57.8 |
Rugby | West Midlands | 35 | 644 | 48.1 |
Woking | South East | 36 | 794 | 37.5 |
Bromley | London | 37 | 877 | 67.7 |
Ashford | South East | 38 | 624 | 26 |
East Cambridgeshire | East of England | 39 | 748 | 26.6 |
North Kesteven | East Midlands | 40 | 576 | 16.3 |
Aylesbury Vale | South East | 41 | 706 | 24.9 |
Tonbridge and Malling | South East | 42 | 691 | 22 |
Wealden | South East | 43 | 800 | 11.7 |
Maidstone | South East | 44 | 646 | 28.8 |
Mid Suffolk | East of England | 45 | 658 | 12.3 |
Wycombe | South East | 46 | 805 | 42.4 |
Orkney Islands | Scotland | 47 | 632 | 1 |
Epsom and Ewell | South East | 48 | 815 | 31.6 |
Central Bedfordshire | East of England | 49 | 692 | 33.3 |
Hambleton | Yorkshire and The Humber | 50 | 609 | 19.6 |
If you are planning to move into the area and would like some friendly advice on where to look based on your requirements, a member of our team will be delighted to assist in your property search. Call 0208 396 6717 or email info@newtonhuxley.co.uk
With the recent opening of the Sainsbury's Local on Walton Road in Molesey, we looked into whether or not this would have an effect on local house prices.
Research conducted by Lloyds Banking Group earlier this year found that the price of a property within easy reach of a supermarket, is on average 7% higher than comparable properties within the same town.
You may not be too surprised to hear that the brand of supermarket also comes into play with Waitrose scoring the highest percentage premium at 12%, Sainsbury's at 10% and Tesco's at 8%. Having an Aldi or Lidl close by may actually have a negative effect on the value of your home of around 2-3%.
The effects of local supermarkets really do vary from region to region but in monetary terms, houses within walking distance of a supermarket command an average premium of just over £15,000. Needless to say, this local convenience is high on the shopping list for potential buyers!
If you live close by to the new Sainsbury's on Walton Road in Molesey and would like an up to date valuation of your home. Please feel free to get in touch on 0208 396 6717, email sales@newtonhuxley.co.uk or send us an enquiry.
At the start of 2015 there was a lot of speculation as to how the election would effect the property market. Following our launch in January we noticed that the market was incredibly price sensitive with pre election jitters.
As we gained more momentum and built up the number of properties we were marketing we noticed that many of the properties coming to us that had been unsuccessful with other estate agents were selling, and quickly. One example of which was a property in East Molesey that had been marketed for around 4 months by two established local firms prior to coming on with us.
In 4 days we were able to source a buyer and an askng price offer. Since then (March) the market has gone from strength to strength with confidence from buyers and sellers at high levels.
We are extremely pleased to report that the post election market is incredibly buoyant and we are achieving record results on a number of properties, with an average 98% of asking price achieved throughout 2015!
If you are considering selling your property or are currently on the market and experiencing a similar situation to the one mentioned above, please do give us a call on 0208 396 6717 or contact us to arrange a valuation. Whilst we cannot guarantee the same result, you can be confident that if it can happen, our proactivity and positive attitude will make it happen for you.