At about August 2015, a yearly rise of 10% on Capital property prices was found out alongside the flourishing demand for new house. Increase of house price keeps on accelerating as demands continue to grow, particularly in London and the neighboring areas around.
The need for new property has grown bigger amidst scarcity of homes for sale. The quantity of new buyer inquiries has consecutively increased for the fourth month in July. On the contrary, the quantity of houses listed on the market rapidly reduced in the same month.
With this huge space between demand and supply, the property prices are being dramatically increased; which means potential sellers are very much able to get the most excellent price for their property. This development is expected to continue.
While the data and statistical information show strong increase in property prices; this is not the same for every district. Collaborating with an estate agent with a solid knowledge of your chosen area is important, because each area has its own market that is dependent on the local conditions.
These estate agents have a strong knowledge of the local market and they know the most efficient way to market the property. Sellers need to get the exact balance between the property’s worth and how much the buyers are willing to pay.