Property experts respond to July's housing market
The property market is one of the most talked about sectors in the country at the moment. There appears to be conflicting reports about the current state of the property landscape, however it is simply a matter of waiting to see what will happen to the ever changing market before the full effects of the referendum ring true.
Yet the first full month’s results since the historic referendum are a good starting point. July’s results have been awaited with bated breath by property experts, homeowners, house hunters and investors right around the country. And most will be jumping for joy as July’s figures show a steady increase in houses prices. Up 0.4 percent on June’s figures, this takes the average house price in the UK to £216,750.
Rebecca Peach, managing director of I Am The Agent, said, “These figures have been long-awaited by all. July’s figures are widely seen as the start of the next phase in the property landscape. The price increase, although relatively small, is good news as many predicted a sharp collapse immediately following the result.”
The almost half a percent increase highlights an annual price increase of 8.3 percent across the UK, while England’s property prices rose 0.5 percent, and London’s, despite multiple reports about a slow market, rose by one percent.
The latest data does however show some signs of a slowing market. UK home sales fell by 0.9% in July 2016 compared to the June. This means that home sales on a monthly basis do remain below levels seen in 2014 and 2015, as well as before the stamp duty changes in early 2016. Land registry figures too show a decline in completed house sales for May – the month prior to the referendum. That number fell by 33.5% to 49,795 in England. This compared with 74,897 in May 2015.
I Am The Agent is the UK’s fastest growing online estate agent. It currently has 70,000 registered users and as a result has helped thousands of homeowners find the perfect buyer for their house. The company offers fixed fee sales and letting packages to homeowners and landlords alike and prides itself on being ‘the people’s online estate agent’ by allowing the client to ‘become the agent’.
To find out more visit: http://www.iamtheagent.com
Dakota Digital for I Am The Agent
Contact: Hannah Byrne
Tel: 01623 428996
Notes to editors
I Am The Agent was one of the first online estate agencies to offer fixed fee sales and letting packages to homeowners and landlords.The company’s tagline is: I am saving, I am in control. I Am The Agent. It gives homeowners and landlords full control of their listing, allowing them to ‘become the agent’.I Am The Agent’s website has over 80,000 registered users.The pioneering company has saved clients in excess of £18,000,000 over the last few years.I Am The Agent managing director, Rebecca Peach, has five years’ hands-on research of the industry and marketing expertise.The company prides itself on offering customers more for their money compared to their competitors. The pricing to receive a valuation, board, professional photos, floorplans and 12 months’ marketing on Rightmove and Zoopla is just £399inc vat. This highlights between a 50% and 65.5% saving for exactly the same offering as Purple Bricks – depending on whether sales are inside or outside of London. It also highlights a 24% saving on Tepilo and 70% saving on eMoov’s cheapest packages. However these both exclude a board and assisted viewings, while boasting shorter marketing time as standard.