Monday, 26 February 2018
At Howkins & Harrison, we work closely with Rightmove to showcase our properties to the widest possible audience. Rightmove have recently released their predictions for the 2018 property market, which we have summarised to give an overview of what is likely to happen in the property world this year.
House prices are set to rise
If you’re considering selling your home during 2018, you’re probably wondering whether house prices are set to rise or fall this year. Rightmove have predicted an average rise of 1% in house prices for 2018, which is great news if you’re thinking of selling up. However, they also predict some variation depending on the location and size of properties being sold.
Variations within the market
According to Rightmove, property prices in inner London are likely to fall by around 2% as the market in the capital becomes less frenetic. In our region, the size of property could have a bearing on what happens to your value, with certain types of home set to rise by more than the predicted average.
– “Second stepper” properties (3 beds) could see a 2% rise in price
– First time buyer properties (2 beds or less) could rise by 3%
Despite these variations, Rightmove predict that transaction levels will remain broadly consistent with the previous year. A steady housing market overall make this a good time to sell your home, especially if you currently own one of those valuable “second stepper” or first-time-buyer-friendly properties.
If you’re considering selling your home, call us on 01788 564666 for a free, no obligation valuation. With years of experience and a passion for selling homes, our property experts provide a safe pair of hands to manage the sometimes daunting process of selling your home. We’re happy to come out to see you, even if you’re just curious about how much your home is worth.