The days are getting shorter, we spend more time indoors and a new year brings exciting prospects. This month we saw House Buy Fast in news outlets across UK and overseas as our team comments on any changes happening within this years’ property market with every passing day! In November it seemed like prices would finally start to slow down after months of increasing steadily but then came autumn budget proposal from Jeremy Hunt which might just send them shooting up again – we’ll have to watch closely here at the HBF HQ.
Property Industry Eye
In recent weeks the housing market has been rocked by financial events including the fallout from the mini-budget in September [which was] a disaster and led to much higher borrowing rates, but those lucky enough to already have a mortgage in place would have had it honoured at the old, lower rate.
Jonathan Rolande
Estate Agent Today
But if your agent is suggesting you knock 10% off the price of your most expensive asset, ask them why. Why, when the market is down less than one percent is this necessary? If they were the agent that suggested the price in the first place, I would suggest you always get a second and third opinion first.
Jonathan Rolande
Daily Mail
It’s bad enough most years, but this year, with the pressure on many people’s budgets, it looks set to be worse than ever for many. Due to the cost of living crisis many people will be tempted to turn down heating and open windows less, to conserve precious heat.
Jonathan Rolande
Daily Mail
Renovations may either fall under what’s termed ‘permitted development’ (often the case with both garage and loft conversions) or those which will need planning permission from the local authority.’
Jonathan Rolande
Essex TV
A 9% fall over two years may well be correct but it is impossible to predict with certainty, one way or the other – external factors such as Brexit, the Pandemic, Ukraine, Truss and Kwarteng’s Budget, all affected the market in drastic and quite unknowable ways. Whilst a 9% drop over two years only brings us back to where prices were at the start of 2022, when also measured against general inflation up around 10%, in real terms the value lost could be even higher.
Jonathan Rolande
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House Buy Fast @HouseBuyFast and Jonathan Rolande @propertyjonnie