As the days grow longer and the daffodils begin to bloom, there’s a real feeling of renewal in the air – and nowhere is it more visible than in the property market. For those thinking of making a move, there’s never been a better time. The latest data and forecasts reveal a lively season ahead – particularly for sellers, with significant movement in the market, making it prime time to prepare to list your home.
A Market on the Move
New data has pointed to an encouraging year ahead for the UK property market, forecasting a 10% boom in property sales over this year. This is being supported by data showing a recent increase in house sales, up 11% compared to this time last year, with recent and further predicted drops in mortgage rates fuelling this.
Mortgage Rates
One of the key drivers of this market momentum is the falling mortgage rates. As they decrease, they not only bring confidence to buyers but also open the market up as mortgages become more attainable for a wider range of buyers. This shift, in turn, brings increased sales activity.
Why Spring
Spring is traditionally a period of high activity in the property market. The longer days and improved weather conditions provide not just the ideal time to market a property but also allow a great backdrop for increased viewing (especially for those wanting to show off a garden).
Rush Witt & Wilson: Your Trusted Partner
At Rush Witt & Wilson, our teams have seen the good times and the more challenging times, and it is this experience that enables us to deliver a service that matches you, the current market, and your plans seamlessly. There is never a bad time to move; it’s just about ensuring it is navigated correctly.
John Sanderson, branch partner at Rush Witt & Wilson’s Bexhill Office, commented, “Bexhill is not just a jewel of the East Sussex coast but a beacon for those seeking peace and relaxation amidst its perfectly kept gardens and beaches. The housing market here reflects the town’s rich and varied history, from impressive Victorian flats to Grade I listed, white weatherboarded cottages in Old Bexhill and the exclusive Cooden area with beachfront gardens. It’s a testament to the lifestyle and opportunities that await here,”
Your Next Step
While the immediate outlook is positive, it is important to remain proactive. Our team at Rush Witt and Wilson is dedicated to providing you with advice and guidance. So, whether you are considering moving or perhaps your property has been on the market for a while, now could be the ideal time to start a conversation with one of our team.
