Post-election bounce as optimism returns #ilkley #otley

Rightmove have just released the House Price Index figures this morning and gives a national picture of house prices and activity over the past few weeks.

  • 2.3% (+£6,785) surge in the price of property coming to market, the largest monthly rise we have ever recorded at this time of year
  • Increased optimism also releasing pent-up demand as would-be buyers judge the election result gives a window of stability
  • Over 1.3 million buyer enquiries since election, up 15% compared to same period a year ago, suggesting an active spring market ahead
  • 7.4% growth in number of sales agreed, as early birds act quickly

Strong desire to get onto the housing ladder results in first-time buyers facing all-time highs in the price of properties with two bedrooms or fewer.

Both the Hunters Wharfe Valley offices are noticing an upturn in the number of valuations so get ready for the buying and selling season to be turbo charged.

If you would like to learn more about the Ilkley/Otley Property Market, feel free to pop in for a coffee at our office for a chat with me, or failing that, visit the Property Blog, where you will find many more articles like this solely on the one topic of the Property Market in Ilkley and the Wharfe Valley – http://www.wharfevalleypropertyblog.co.uk email info@wharfevalleypropertyblog.co.uk