Ashtons for property & homes for sale or to rent in Hertfordshire
Story posted: 20.07.17
The latest survey conducted by Rightmove shows that the asking prices for properties in England and Wales have stabilised after a drop in June, but indicates home-buyers remain cautious as wage growth falls behind inflation.
Figures were based on property advertised between June 11 and July 8, covering the weeks after Prime Minister Theresa May unexpectedly lost her majority in parliament, creating uncertainty for investors who were already on edge about Britain’s exit from the European Union.
Rightmove suggests, “Average asking prices for property sold on its website increased by a monthly 0.1% in July, a month that usually sees slight falls in prices. In annual terms, prices were up 2.8% compared with a 1.8% rise in June.”
Rightmove director Miles Shipside said, “The market remained very price sensitive with some properties hitting a price ceiling.” Shipside stated that, “the eventual rise in mortgage costs will be a shock to buyers… Price rises are muted despite high housing demand, indicating we have left the stage of the cycle where price rises exceed the rate of inflation.”
A jump in inflation to nearly 3% has curbed the spending power of the British consumer, contributing to a slowdown in the economy and in house rises.
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Hi guys, As a fellow director of an Independent Estate agency in Devon I wanted to say that it has been a pleasure to deal...
Louise was a fantastic progressor and made sure I was informed at all times.
Ashtons were friendly, patient and reassuring, always ready to explain anything I didn't understand.
Having moved many times during 50 years, Ashtons' staff are the best...
John - Extremely helpful in the initial sale and buying process. Great communication and willingness to make things happen.
Graham - During the sale process, Graham...
Everyone we dealt with was great and Verity in particular went above and beyond when we were having issues with our purchase. She was supportive...
Really good experience when buying with Ashtons (Louise & Robert).
Everything went very smoothly.
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All staff were very professional, friendly and attentive at all times ad made the process of appointments and viewings seamless. They were extremely proactive with...
C S Donald
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