NH4U Articles

Property Boom: House prices continue to rise

Posted in: Latest News

It seems like the property market changes day to day right now, doesn’t it? There is always something new happening. In the months of February and March, we saw house prices rise dramatically. The annual average house price growth accelerated by a massive 12.6% in recent weeks, according to Nationwide’s latest House Price Index (HPI) report. This appears to be an ongoing trend too - as if we look back all the way to January, the sector had seen an increase of 11.2%. It is also important to note that this past year has seen the largest ever annual increase in cash terms that Nationwide’s monthly HPI has seen since its inception!

Don't worry, we are Here4U

While average house prices have been rising consecutively now for seven months and it doesn’t seem like this growth is anywhere near over, here at NewHome4U we appreciate this can come across as both a positive thing and a negative thing - for both those who already own their property, but also for those looking at buying their first property.

With that in mind however, choosing an Estate Agent in Mold that cares for, and looks after all sellers and buyers is critical to a positive experience. We ensure all our customers are happy, and we look after everyone in order to keep this whole industry going as smoothly and happily as possible.

We've said it before, and we'll say it again! The time couldn’t be better for selling - with the average house price higher, if you're looking to up-size, then there are some great opportunities for investment to be had too.

NewHome4U Sellers are able to benefit from a much higher priced market than this time two years ago in February 2020 – the price of an average home is now 20% higher which sounds crazy to think about, however with increases across the whole cost of living, it's always good to remember just how secure investment in property really is. There is a potential for growth in house prices to stall in future months with different elements coming into play such as the cost of living so now really is the optimum time to get your house on the property market and take advantage of the great prices you could potentially get.

Who Is Benefitting From This Rise In House Prices?

There are a few people or entities that benefit from this rise in house prices. You, the homeowner, can sell your property for a price you previously wouldn’t have been able to get – or you can remortgage and release some of the equity if you plan to stay at that property. The rise also sees an increase in tax revenues which benefits the economy and everyone in a way - so no matter what happens, the world will keep on spinning and NewHome4U will be here for all, no matter which point in life you're currently at.

With the house prices consistently on the up, it is a great time to be a homeowner - whether you're looking to buy, or you are someone who is currently in the market to sell as properties are getting snapped up almost instantly, sometimes even before they make it fully online onto our Rightmove page!

How Can NewHome4U Help You?

We here at NewHome4U are here to assist you with all your property needs. With the consistent growth in the market, it seems like a perfect time to sell your home if this is something you have been considering. The average price of a UK home was £255,556 and in February, this rose to £260,230. Obviously, it cannot be guaranteed but should the prices continue to rise, the average UK home price will also continue to rise which is great news for sellers.

What about first time buyers?

There has recently been so many insentives and support for first time buyers. If you're in the lookout for a mortgage, check out our loyal partners over at Love Mortgages - who have a whole wealth of articles and information on their website around getting the best mortgage deals that fit your situation, and your lifestyle. Call them on: 01244 90 44 10 It'll be the best call you make today!

We are award winners in the Best Estate Agent Guide for Exceptional Sales for 2019, 2020, 2021 and 2022 and this ranks us in the top 5% of UK estate agents. We are known as Mold’s friendliest estate agent for a reason and we are experts when it comes to the property market. We know exactly what our customers need and strive to get them exactly what they want. Do you have a particular figure in mind? We will work with you to hopefully achieve that goal.

We might even be able to sell your property before it makes it online – we always try to position the properties we are selling in front of the right buyers and always have a number of potential buyers waiting in the wings for their perfect property to come along. 

With plenty of happy customers, both previous and current, you can be assured of our commitment to you. So many people have put their trust in us to sell their property and find the perfect buyer whilst achieving the best possible price – and we always achieve that goal. We also offer a number of in house services – we have the Love Mortgages team at our disposal and they would be more than happy to help you with mortgaging your next property if you are selling up, or buying for the first time. 

If you want to take advantage of the rise in house prices and get your house on the market, the team here at NewHome4U will be more than happy to help you. We can visit you and provide a FREE valuation of your property with no questions asked. Then we will work with you to get your property on the market for a price you are happy with. We are very fair in all that we do and we have extremely affordable and competitive fees. 

Our reviews speak for themselves – we aren’t the highest and most reviewed Mold estate agent on Google for nothing. Why not get in touch with our award winning team today? Contact us via our contact form here or give us a call on 01352 837837. We would be more than happy to help.