The Only Way Is Up – Property Predictions For 2016

None of us know exactly what lies ahead, but experts always have their views; as do everyday people who like to keep a keen eye on their property prospects and wider finances. A recent survey has asked public opinion on a range of issues, including house prices and salaries – and most predictions involve increases.

According to readers of financial website LoveMoney.com, several aspects of our economy could experience a rise in 2016. More than a fifth of survey respondents agreed with the Royal Institute of Chartered Surveyors (RICS) that house prices were likely to increase by 6% or more, while nearly half also agreed that they would go up, but probably only by up to 5%.

UK homeowners with tracker mortgages are always keen to keep an eye on the Bank Of England’s base rate, for which a rise has long been anticipated in recent times – and LoveMoney’s reader research revealed expectations of a small increase (0.75%) among 49% of people. However, 33% believe nothing will change.

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Meanwhile, 50% of people believe that inflation will increase by 1%; with incomes optimistically expected by nearly half of survey respondents to increase by 2%. If the latter materialises, it could be good news for those hoping to buy homes, who require proof of a good salary to obtain a mortgage – but will the changes come soon enough for home owners keen to achieve a quick house move?

Opinions on the stock market were more varied, with 33% believing there would be an increase of 5% or less, but other opinion divided between consistency (18%), a fall of 5% (17%), an increase of up to 10% (12%) and other potential changes.

If you’d like to improve your personal financial situation by selling your home, ask National Homebuyers for advice. We’ll buy any property and can help you sell your house quickly.

Call 08000 443 911 or request a call back to find out how much you could get.

National Homebuyers – We Buy Any House

National Homebuyers are UK property buyers who will buy any house or property!

If you are looking to sell your house fast then we are here to help. Our team of property experts are always on hand to share their expertise with you and help you achieve your aim of selling your house fast in a time scale that suits you and not us. So if you want a to sell your house fast  then give us a call on 08000 443 911.

Get your no obligation cash offer now by using the Get Offer on the right hand side of this page.

Property Buyers Taking Only 53 Minutes To Buy A Home

eMoov Property purchaseAre you thinking of buying a property? Lets be realistic National Homebuyers know that buying a new home will probably be the biggest financial investment you’ll ever make due to the high purchase value of such an asset.

So you would think that people would spend a lot of time contemplating and deciding on what property to purchase? Apparently not according to the latest consumer insight by eMoov, a UK online estate agent.

They surveyed over 1,000 UK homeowners to find out how long they took when searching to make an offer for a property. Amazingly their researched found that buyers take just 53 minutes to make a decision to buy a home.

However even though this decision time frame appears relatively low it is in fact higher then last years reported figure which was even lower at 38 minutes. So this suggests that people are now taking at least a little longer  to make a decision.

This years report continued by showing that the majority of property buyers (53%) return for second viewing, with a further 41% feeling the need to view a property more than twice.

This consumer insight went on to find out what research homeowners carry out before attending a property viewing. The results where as follows:

 

What Research Would You Do Before Viewing A Property? %
   
Read the full property description 67.00%
Look at other properties listed in the area 59.00%
Look at the property on google street view 56.00%
Take a detailed look at the floor plan including room sizes 53.00%
Look at local amenities, employment and infrastructure 49.00%
Find the historic price of the property and neighbouring properties 44.00%
Research changes to commuting route and times 32.00%
Research school catchment areas 25.00%
Source – eMoov

Russell Quirk, Chief Executive Officer of eMoov, commented:

“This research shows UK buyers are taking that extra bit of time viewing a property, before submitting an offer. Although demand is still high in a number of areas, particularly London and the surrounding areas, the market isn’t quite as competitive as it has been in previous years, so many potential buyers are opting for a second or third viewing before committing to a property.

 

National Homebuyers – We Buy Any House

we guarantee to buy any home for cashNational Homebuyers are UK property buyers who will buy any house or property!

If you are looking to sell your house fast then we are here to help. Our team of property experts are always on hand to share their expertise with you and help you achieve you aim of selling your house fast in a time scale that suits you and not us. So if you want a to sell your house fast  then give us a call on 08000 443 911.

Get your no obligation cash offer now by using the Get Offer on the right hand side of this page.