The 23rd of June 2016 was the date when the UK population voted to leave the European Union and now, more than two years further forward, many people are suggesting that we are no further forward. There has been an enormous impact on life in the United Kingdom and there will likely be further shocks and alterations that the country will have to deal with. However, with two years passed since the vote, it is fair to ask how Brexit has affected the property market.
In 2016, the housing market in the United Kingdom was valued at an estimated £6.79 trillion. This is a figure that is 3.65 times the level of GDP and as such, it is hugely important to the economy. Of course, there is also the small mater that the housing market shapes where people live, making it an essential component of everyday life in the country.
There were negative predictions for the UK property market after Brexit vote
In the immediate aftermath of the vote, there were many specialists predicting a tough time for the UK property market. In the initial shock, the value of the pound dropped, and uncertainty is bad for the UK housing market. With a rising cost of raw materials leading to the cost of building houses rising, lenders re-evaluating who they loaned money to and many households deciding against moving until there was greater clarity surrounding the economy, there was a stalling of the market.
However, the fall of the £ encouraged foreign investment with buyers from abroad, who were able to obtain better value for money in the UK. This stabilised the market, in the short term at least, and over the past two years, it would be fair to say that the property market has remained robust.
House prices have risen since the EU vote
There have been localised shocks and the London housing market has eventually slowed down, or seen prices fall in some areas, but as of April 2018, the average price of property in the UK was classed as £226,906. This is a 3.9% rise on the April of 2017 figures and it is a 6.6% increase on the figure from the time of the European Union Referendum. In this regard, Brexit hasn’t had too much of a negative impact on the UK property market.
Even though the rental market in the UK is growing, there is an acceptance that property is still regarded as one of the smarter investments during these challenging times. The benefits of bricks and mortar provides comfort and confidence for investors, which is another factor in how the UK property market has remained in a stable condition throughout the political and economic upheaval.
While the uncertainty surrounding Brexit continues, the UK housing market is in competitive shape, and there is no need for negative or despair. If you are keen to make a move, contact Deakin-White on 01582 343 548 and we will do our best to assist you.
Spring is traditionally the busiest time of year in the property market, but this doesn’t mean that you cannot sell your home at other times of year. In fact, summer is a good time to sell and at Deakin White, we are delighted to say that over the years, we have helped many homeowners sell their home in the summer. We also believe that the summer of 2018 could be even busier in the property market, so if you are considering making a move, get in touch and we will be happy to assist you.
One reason why the summer of 2018 is likely to be an appealing time of year to sell your home is because of the terrible weather conditions in spring of 2018. With high snowfalls in March, the country ground to a halt, preventing many people from entering the property market as they had planned. It was natural that there was a slowdown in the property market in spring considering the challenging weather conditions, but there are indicators that this has created a knock-on effect where there is a greater level of movement and interest in summer.
This knock-on effect has created a situation where the summer of 2018 is lively, and if you want assistance with your move or you would like guidance on how to proceed, contact Deakin White.
Gardens look great in summer, allowing you to make a strong first impression
There are also many reasons why summer, in general, is a positive time of year to sell your home. Your home has never looked better and with improved weather conditions, you have more opportunity to ensure the outside of your home looks appealing. When you consider the importance of making a positive first impression when selling your home, having a great looking garden will always be of benefit.
Another benefit in selling your home in summer is the additional daylight hours make it easier to arrange viewings. The emergence of online property platforms allows people to search properties at any time of day or night, but the viewing process is still hugely important. More daylight hours in the summer means that there are more opportunities to welcome guests to your home, and this may increase the chances of making a sale.
Buyer demands are sometimes higher in summer
There are also time constraints that mean summer is a suitable time to sell your property. Any household who has left it late but wants to ensure their children are settled into a new area in time for the school year will know that a summer move is essential. Households that are keen to conclude a property deal and be fully settled into their new home before the festive season begins will appreciate a summer move.
With a year-round demand for property in the UK, online property portals ensuring that you can search for homes at any time and improved communication channels ensuring even people on their holiday can stay in contact with others ensures that summer is a suitable time of year to sell your home.
If you are looking to sell your home this summer, call on the services of a skilled local agent who has assisted in selling many homes at this time of year. To sell your home this summer, contact Deakin-White on 01582 343 548 and we’ll be happy to help.
When it comes to selling your home, many people start with the date they want to be moved out by and then calculate back from there. There is a great variance around the country when it comes to average length of time a home is on the market, and of course, each home should be judged on its own merits, but it is not out of the question to suggest that selling your home can take around two to three months.
As we move towards August, it is obvious that if you are looking to have your house sold and then be settled into a new property by Christmas, you don’t want to leave it much longer to start he selling process. If everything ran smoothly, you could probably place your home on the market in October and have matters concluded in time for Father Christmas, but most people prefer to leave some leeway when it comes to property transactions.
At Deakin White, we are pleased to say that we have helped many people sell their home and if you have a deadline in mind, we will do our best to meet this deadline. The sun may be shining, and memories of the World Cup are still fresh in our minds but if you are determined to sell your home in time to be settled for the festivities, this is the ideal time of year to start taking things seriously.
As we are in the middle of the summer, it may take a while to start the process. Many professionals are on holiday and you may not get the immediate support you are looking for. We are here all year round, so you can rely on us to assist you at any time of year but placing your home on the market requires the work of many professionals, and this can cause delays.
Right now, you should focus on making your home as attractive as possible. When it comes to selling your home quickly, an attractive home at the right price will usually sell faster than an unappealing home or a property that is overpriced. At Deakin White, we will do our best to ensure that your property is correctly valued, and we will do what we can to help you improve the appearance and value of your home.
Even with a limited timeframe, there are steps you can take to improve the value or appeal of your home; and it is vital that you present the home to the right buyer. We understand the local property market and we know what buyers are looking for homes in the area. If you want to speed up the process of selling your home without compromising on quality, present your home to meet the needs of the most likely buyer and at Deakin White, we know the local property market.
In the summer time, you can present your home and garden in an effective manner, so there is a bonus to selling your home at this time of year. With a clear strategy, you can present your home in an effective manner that appeals to buyers, and we will ensure that all viewings and negotiations are handled to your benefit.
Any household that wants to be settled into their new home in time for Christmas should act now, so contact Deakin-White on 01582 343 548 and we will be more than happy to assist you.
Dunstable a Great Place to Live and Work
There are many agents to choose from, so how do you pick the one that will help you sell your home. At Deakin-White, we believe it is important to trust an agent with local knowledge. The location of a home and the community it is part of are key factors in property transactions, and it is best to have a professional who understands the local community on your side.
When it comes to property pricing, there is a lot of information available online. We can tell you that for March of 2018, Zoopla listed the average price for property in Dunstable as £295,888 and on Rightmove, the average price of property was listed as 266,602 for Dunstable. The fact that there are two different figures for an area leaves you with the issue of knowing which expert to follow, but knowing local prices isn’t enough.
It is good to know what the average price is as this gives you a starting point for selling or buying a home, but there is a need to know why the average property is as it is. At Deakin-White, we understand the local property market, and this goes beyond the figures written down in black and white. We know that certain streets are in greater demand than others, and we know the improvements that homeowners have made to improve the value of their home.
It may be that a row of houses looks the same from the outside, but home improvement work or how homes have been cared for impact on the value of property. Average property prices for a street or area won’t tell you this information but with our expertise in the area, we know how to price homes when you sell and if you are looking to buy, we know what you are likely to receive for your budget.
There are many factors that impact on the property market. If you focus on what the media says, you would be forgiven for thinking that Brexit was the driving force behind property prices in Britain these days, but that is only a single factor. Just as important, if not more important, is the lack of supply of housing, of local schools, of transport links, of shopping facilities, of open spaces and parks, of crime figures and many other factors that influence how people think about an area and the price of property.
Given the amount of information that is available in property listings, including images or even video content, most prospective buyers have a good impression of what a home can offer even before they attend. The viewing stage is important, and it is vital to make a positive impression at this stage, but often at Deakin-White, our role is to sell the local neighbourhood.
This is where our knowledge and expertise of Dunstable and surrounding areas makes all the difference. There are many features and benefits in the local area that are genuine selling points, or which will appeal to many prospective buyers. We are on hand to help a seller present their home in the best manner, but we also promote the local area with all the sponsorship and community work we do at Deakin-White, and this is often a key factor when selling property. If you want the best level of support, call on the local property expert. Call on Deakin-White on 01582 343 548.
Deakin-White now advertise on all four major property portals, OnTheMarket.com, Prime Location, Rightmove & Zoopla along with 250 other sites.
This adds to an already comprehensive marketing package we offer our sellers and landlords helping them to attract more buyers and tenants. We are one of the few estate agents nationwide that can provide this unique marketing opportunity.
When carrying out a property search, buyers and tenants will favour their preferred portal and will choose to use only one, whilst others use a mixture of two, three or sometimes all four. As such, it can often be the case that the visibility of your property is greatly reduced by only appearing on one or two portals.
Traditionally, Estate Agents have had to make a choice between the major property portals. This created a situation whereby properties were invariably missing out on the full audience that they could have been attracting.
We are very pleased to announce that we have agreements in place that allow us to list our properties on all four major portals with no restriction. If you decide to list a property with Deakin-White, your property will receive the maximum amount of exposure it can across all the main property portals, which is one of the primary ways people will be starting their search for properties online.
Not only will this put your property in the best place to receive initial enquires but it also helps make sure that our teams are able to assist all buyers and tenants from the start of their search. Our teams will ensure that buyers and tenants will have an excellent awareness of all our properties, even if they don’t notice them while browsing the property portals.
This agreement with On the Market forms part of our more wider efforts to enhance the already impressive marketing package we can provide. If you are thinking of selling or renting your property and would like the best exposure, please get in touch with Deakin-White.
Deakin-White, The Quadrant Shopping Centre, Dunstable, LU5 4RH
Tel: 01582 343 548 | Email: Hello@Deakin-White.co.uk