The Price Is Right?
This months Halifax house price survey has been released and on
first sight the news does not look good for homeowners thinking of
selling, there is however good news on the flip side of this.
As whilst the average cost of a home dropped 1.4pc during the
month to stand at £160,395 (the lowest level since July 2009,
according to the latest Halifax house price index) what the report
doesn't metion is that vendors are seeing interest and volumes of
viewings not seen for over 18 months.
So whilst the latest reported slide led to property values being
3.7pc lower during the three months to the end of April than during
the same three months of the previous year, this would appear to be
triggering increased viewings and more sales being agreed, a trend
that we here at Moving Pad can confirm as being prevalent in recent
months. So given this increased market activity, maybe can say that
these market movements in house prices really do mean that if
you're looking to purchase (or in indeed sell your home in
Dagenham) the price is now right.