Preston Housing Market set to rise in 2013
With news of a rise for 2013 in the housing market, we're keeping optimistic that the New Year looks to be a positive one !
According to forecasts from the Office for Budget Responsibility (OBR) it said there would be a 20% rise in transactions in 2013-14, compared to figures in 2012.
They believed house prices would rise to levels above inflation increases, reaching an annual growth of 4.5% in 2015-16. These forecasts also support the chancellor's Autumn Statement.
The low figures in sales this year has left lenders to be more clinical when handing out mortgages, buyers worried about the stability of their own jobs and sellers afraid to reduce their asking price.
Sales for the year have been 5% down on 2010 HM Revenue & Customs figures show. Although there was a 1,000 increase in transactions during October that's still 3,000 less transactions than the same period in 2011.
If you need advice about buying or selling or any conveyancing transaction please do not hesitate to contact our team directly.
Ellen Court Partnership
Preston Solicitors
Tel; 01772 882 888
Preston Solicitors
We don't believe we're your typical "high street" legal practice. We're committed to our clients well-being whether they're lucky enough to live in the Preston area or elsewhere in England or Wales... and that's what sets us apart from our competition....
Why not try us on the basis that we'll work hard to keep you as happy, satisfied, customer !
01772 418 000