22 Baldocks Road, Theydon Bois, Epping, Essex, CM16 7EB

01992 666 191
office@lyttons.co.uk

Mon - Fri: 9am - 7pm
Sat - Sun: 9am - 5pm
Available for viewings 7 days a week

Your Local
Rated
Estate Agent

Your Local
Estate Agent
Covering West Essex

Your Local
Rated
Estate Agent

Your Local
Estate Agent
Covering West Essex

Your Local
Rated
Estate Agent

LSL & Acadata estimate the total number of transactions in September 2017 in England and Wales at 63,000, down 20% on September 2016.

They also reported that annual house price growth also slowed, with the average house prices at £297,287, down just 0.1% on the previous month with annual house price inflation standing at 1.3%.

However, leading the charge on the slowdown was London and the south-east.

Remove London and SE from the equation and annual house price growth was +3.3%.

The UK’s #1 property portal, Rightmove has reported further signs of a slowdown, with new sales agreed falling across most of the country.

In contrast, there was a rise in property supply this October compared with the same month in previous years. 

Rightmove said that in a “more challenging environment”, sales agreed numbers were down last month in nine regions compared with September 2016.

Despite this, sales agreed during the nine months to this September were 1.1% ahead of where they were a year ago.

In addition, major regional fluctuations added to the mix.

In London, sales agreed over the last month were down 9% on a year ago and in the south they were down by 7.9%.

In the northern region, sales agreed activity was down by 3%.

Rightmove also said that new to market sellers are asking higher prices in eight out of the ten regions.

New asking prices jumped an average of 1.1%.

The average asking price of a property new to the market between September 10 to October 7 stood at £313,435, up from the previous figure of £310,003. The annual rise in asking prices increased 1.4%.

Rightmove having recorded an increase in asking prices in October every year since it started back in 2001, saying that it was normal to see price hikes at this time of year.

During September to October, Rightmove reported 104,519 new properties listed, up 3.1% from the same time last year.

September to October 2016, there were 101,423 new listings and 98,247 in 2015.

The average time for a property to go “under offer” is 63 days, and the average stock per branch, including properties under offer, is 60.

 

You might be wondering, what with all the bumpf in the national press about interest rates, Brexit, the economy in general, the North-South divide - just how much have house prices really changed over the last 10 years, adjusting for inflation.

Thanks to the BBC data team and the Open Data Institute (ODI) in Leeds, they analysed more than eight million residential property transactions in England and Wales from the Land Registry from 2007 to July 2017, excluding mortgaged buy-to-let properties and reposessions.

In Theydon Bois, Epping the average house price is now £748,465, up a whopping 32% since 2007. 

Want to check our the area that you live in?

Read the full articles on the BBC News website; http://www.bbc.co.uk/news/business-41582755

 

 

You have seen a house you like or decided that you do indeed wish to sell your home and make a move, then NOW is the time to act. 

Marketing your property for sale this week will give you the last reasonable opportunity of  securing a proceedable buyer with a successful completion prior to the winding down period agents, solicitors and banks experience prior to the Christmas holiday period.

If you live in Theydon Bois, Epping or any of the surrounding areas, call us today on 01992 666 191 to arrange a valuation today.

I look forward to hearing from you.

Many thanks,

Christopher Jones

Managing Director 

Lyttons Estate Agents

George Osborne claims "one consequence of leaving the European Union would be a hit to the value of people's homes of at least 10% and up to 18%. At the same time, mortgages will get more expensive and mortgage rates will go up."

Click here to watch the full video from BBC News

The Property Ombudsman Trading Standards Rightmove