Property News from Phillips George
As mortgage rates continue to ease, better deals are becoming available and more buyers will enter the market, increasing demand.
Mortgage rates have been steadily coming down since September, with the cost of the average five-year fixed mortgage below 6%.
Mortgage rates may reduce to four to five percent. But anyone looking to buy a home needs to realise that we are not going back to the days of cheap borrowing.
We interviewed Clare Phillips, Partner at Phillips George to help us get things in perspective, and to give us an insight into what this all means for the local property market in Leicestershire.
After a (not so) long, hot summer, it is back to school and traditionally a time when we take stock of how we are living and what we need to provide for our families, children and even our pets.
The sizzling summer is not the only heat that we are experiencing as house prices rise again this month, outperforming property experts’ predictions.
The last 20 years have seen the cost of an average home increase by a staggering 259%. It is hard to say where would be better to invest your hard-earned money.
It’s been a busy year for the housing market so far. With so many buyers ready to move, asking prices across the UK have hit new records in each of the last four months.
When we look beyond all the hype and news stories the most important thing is to look at your own lifestyle and what you and your family need from a new home.
The property market has burst into life much earlier than we usually see as there is no let-up in demand.
Springtime brings new properties to the market, and there is an enthusiasm for moving outwards from the cities
While house prices have grown by around 14% in total over the last few years, and the local property demand in the Leicester area continues to fuel premium prices