Property market breaking records for sales!

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The property market in March was the highest on modern records which have been kept since 2005 with a record breaking 180,690 property sales. This number was double the figure that was documented in February. Spring has always been a busy time for the property market, however it must be said that with Covid-19 changing our priorities and how we live completely it is hard to say exactly what is motivating buyers currently. Over the last year as a whole, the UK market has risen over 8.5% since last March. Within the last decade house prices in the TN24 area have risen by around 60%. In the last year alone, detached houses in this postcode have risen on average by around £18,000, with Semi-detached homes at around £10,000 (Information provided by Sprift, 2021).  

Not only was March due to be busy because of those above but also due to the extension of Stamp duty which came out in the 2021 Budget tied with the 95% mortgages which are now fully active. If you are looking for a mortgage advisor, or would like some free advice, speak to our friends at Fingerprint Financial on 0345 210 0100.

Within the Ashford area we have seen a high amount of properties come to the market and Landlords looking for new ventures. The rental market over the last year has created such high demand with applicants coming forward by about 50-100 enquiries per property. This means if you are a Landlord looking for a property in the Ashford area, now is the time to buy! We have a large pipeline of fantastic possible rental properties coming onto the market over the next few months and this mixed with a great rental team at Evolution Properties, speak to us today on 01233 501601 or email roy@evolutionproperties.co.uk. Roy will be able to answer all your investment questions even if you are already with another local agent in the area, we are here to help you.

As well as this, the new 95% mortgages are now live amongst great help to buy schemes in the local area. If you want to make your move onto the property ladder, but either have a small deposit or are finding it difficult to acquire a mortgage. First give us a call on 01233 501601 to speak to Andrew Bush who is the sales manager of our office to see if a help to buy scheme is for you. Secondly, we would recommend speaking to Fingerprint financial for a free call, they have access to the full market, so will be able to find you the best deal to suit your needs.

Read more: https://www.bbc.co.uk/news/business-56830288

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