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Housing Market

The housing market has stayed quite stable this year, continuing with lower sales volumes and with depressed house prices. However, there are some indications that 2012 may end more postively. The NewBuy Scheme and planning reforms should help with supply and could lead to an increase in the number of houses being built. This will help to breathe new life into the market.

Rightmove.co.uk's House Price Index monitors changes in house prices both monthly and annually, this gives a clear view on the current state of the property market.

Octobers figures show a jump in new seller average asking prices of 3.5% (+£8,310), which is the biggest increase for 8 months.

The average price of a property to go on the market during October was £243,168 which is an increase of 1.5% from October last year.

In Bristol we have lots of new build developments being built, many of which have the NewBuy Scheme & First Buy options, these schemes will hopefully help to encourage the Bristol housing market and boost the market nationally.

(Sources R & S Magazine and Rightmove.co.uk)

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The Small Move Company

Richmond House, Avonmouth Way
Avonmouth
Bristol
BS11 8DE
E-Mail: info@thesmallmovecompany.com
VAT No: 986 0157 94