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
Pretty much the same as any ISA, a savings account allowing individuals to hold cash free of tax on dividends, interest, and capital gain. The BIG difference being that the government will give you a 25% bonus on anything you save. This is capped at £3000 meaning you will need to save £12000 to get the maximum benefit.
Initial deposits are capped at £1000, with maximum monthly payments of £200 per month. So to get to the maximum of £12000 would take 4.5 years. The government will pay 25% bonus on any balance over £1600.
Unlike the Help To Buy scheme this ISA is only available to first time buyers. You can also combine ISA's if you're buying with another first time buyer.
The Help To Buy ISA will be available from Autumn this year and new accounts should be available for the next 4 years.
The average asking price for a flat in East Molesey is currently just over £300,000 so for those of you buying together this could really make a difference. If you are considering making your first purchase and would like some advice on how best to proceed, please contact our sales department on 020 8396 6717 and press option 1.
Since December 2014 asking prices in Surrey have increased by 4.1%, although this increase is now showing signs of slowing down, demand for property is still high as shown below.
This impressive level of demand for property in the KT8 area leaves an average of over 59 home buyers per property. This is sure to keep the housing market in Molesey strong throughout 2015.
Government are promising more regulation within the rented sector, just one of many signs telling us that generation rent is here to stay. Locally, the KT8 postcode offers great choice and reasonable rent prices compared to neighbouring towns as listed below, further increasing popularity in the East and West Molesey areas.
If you are considering Selling or Letting your property with an Estate Agent in East Molesey, and require a specific valuation and market appraisal. Please contact us on 0208 396 6717 or email info@newtonhuxley.co.uk
ALL VALUATIONS ARE FREE OF CHARGE AND OFFERED WITHOUT OBLIGATION
Recent reports from Rightmove state that since the peak in June 2014, asking prices have decreased by 0.4%, hardly a cause for concern.
With the election drawing ever closer, and with buyers facing more hoops to jump through when applying for a mortgage, hitting the property market with as much instant exposure as possible is more important than ever. This means: High Quality Photography, getting your property listed on major property portals Rightmove, Zoopla and Primelocation. Furthermore, (and we know how "salesy" this sounds) making sure your agent is proactive and has a hunger for success. Photography and extensive advertising will generate interest in your property, but if the agent is not motivated in converting these enquiries into viewings and offers you will miss out. The first 2-3 weeks of your property hitting the market is when you are most likely to achieve the best price for your home.
If you are considering selling your property in East Molesey, West Molesey, Thames Ditton, Esher, Walton On Thames, Hersham or Surbiton and would like a free valuation please contact us on 0208 396 6717 or email sales@newtonhuxley.co.uk
Thank you for reading and we look forward to hearing from you soon!
In April’s edition of Surrey Life’s next publication, Newton Huxley are proud to be featured in a special editorial of the magazine. This will feature information about our company and a selection of our available properties.
If you are thinking of selling or letting your property in Esher, Molesey, Thames Ditton, Hersham or Walton-On-Thames, call today to see how we can market your property to approximately 40,000 readers throughout Surrey in the busy spring market.
Having recently added our Estate Agent page to Moleseylife.co.uk we thought we would bring attention to the fantastic local information about East Molesey, West Molesey and Hampton Court that this site has to offer.
If you're looking for something to do with the family at the weekend, want to go out for dinner or browse around local shops you can find what you are looking for on the Molesey Life website. They also cover most local events so if you are taking part in any up and coming in the East Molesey or West Molesey area, be sure to let them know.
As well as local amenities and events, you can find information on the history of East and West Molesey under the "culture" tab on the homepage of the site. You can browse through stunning photography of the areas around East Molesey and coverage of recent local events.
Newton Huxley are proudly the only Estate Agent in East Molesey to advertise on the site, and we are delighted to be given the oppurtunity to write a monthly property blog on the local East Molesey market. We will also be providing useful tips on how to attract the best buyer for your Molesey home!
Our company page on the Molesey Life website can be found here:
Newton Huxley, Estate Agents in East Molesey on Molesey Life