Up to the minute property news relating to Petersfield and surrounding areas, for June 2018.
We are now heading into June and while many people will be focusing on the World Cup taking place in Russia this summer, you will be glad to know that Williams of Petersfield is fully focused on the property and lettings market closer to home. We’ll certainly watch the big games when they roll around but we know you rely on us for the latest property market news and information, and this is what we’re going to deliver. And with us keeping our eye on the ball, you know that you have one team that will perform well this summer!
What impact would an interest rate increase have on you?
There is no shortage of important topics for people to consider with respect to the property market, but interest rates are hugely significant. The increase in interest rates in November of 2017 was the first interest rates increase in a decade. While the increase was deemed to be a modest one, no one likes paying more money, but this is what happened to all mortgage holders who held a variable rate or tracker rate mortgage.
With the Bank of England admitting that further interest rate increases are likely, it is vital that mortgage holders know how changes in interest rates will affect them. In our monthly guide, we review the impact that interest rate rises will have on various property types in and around Petersfield. We believe this is essential information for all homeowners, and even prospective homeowners, so check out the document below.
Want to know Petersfield sales prices?
We also ensure you are up to date with vital information like sales prices per property type and the change in property prices over the last few years. The importance of house prices is vital, and even though the gap between asking prices and sales prices is increasing, it is best to focus on sales prices as your most crucial factor when it comes to property deals.
One area of interest in the property market is the age of buyers and homeowners. Given the challenges that the property market poses, it will be no surprise to learn that the average age of a first-time buyer is increasing. We examine this information in greater detail, providing a break-down based on age of people in the local housing market.
Please click on the link to receive the report:
Whatever plans you have for the summer months, you will find that we are here and ready to help if you need us. As Petersfield property specialists, we have considerable experience and expertise that ensures you make an informed decision.
If you are looking for expert support and guidance in the local property market, Williams of Petersfield is the local estate agent you can rely on. We are always keen to support the local community, so get in touch and we will be more than happy to help you make your move in the Petersfield property market.