2018 - a year in reviewPosted on 12 December 2018
2018 has been a year of highs and lows. Interest rates remained low, there was more lending, stamp duty was axed for those buying shared ownership properties up to £500,000 and the property market saw the number of first time buyers increase with increasing numbers of those via shared ownership schemes. House prices increased, tenants stayed for longer in their rental properties.
Uncertainty over Brexit and a lack of a sitting government in Stormont has given some buyers and sellers pause, with many holding off to see what 2019 brings. House values go up because more buyers are competing for fewer houses, first time buyers need longer to build up their deposit and stay on as tenants longer. There are less properties available to rent, demand exceeds supply, rents increase, it’s harder to save
– have you heard this all before?
As residential estate agents we sometimes feel too much importance is often given to Brexit. Whether it happens or not, life goes on and people still have the same housing needs they did before. If you have outgrown your current house now, if your house is more than you can manage now, if you want to set up your first home now, then make your move now - and make it with Pinpoint!
LOOK FORWARD TO 2019
Book a free valuation of your property in January 2019 and be entered into our prize draw to win £100 voucher for Shu Restaurant *Terms and conditions apply