Page 19 - Homes Magazine
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  2018 RESIDENTIAL NATIONAL SALES
 House Price Index Dec 2018
  Looking at the latest research from Rightmove, it graphically portrays a very mixed bag of price trends, over the last 12 months across the country. Ranging from a rise of 6.2% in Wales, followed by the East & West Midlands at +5.1% and +4.5% respectively, to falls in sale values in the South East, it makes studying national weighted averages difficult. What we’re seeing here is some much needed adjustments and corrections, driven by value – good and bad! Notably, London values have dropped again by just over 1% in 2018, which is the second negative year in succession but, it’s worth keeping in perspective, that prices in the Capital are still 60% more than in the bordering commuter suburbs. Interestingly, with the exception of the North East, most regions share similar ‘days to sell’ figures of
between mid-50 and mid-60 days.
2018 NEW HOME DEVELOPMENTS
Virtually all the housebuilders we work with are pretty positive about the market. A number of national surveys conducted in 2018 also reinforce these views and most point to the greatest opportunity being in the Southeast region. Greater returns on capital employed, more available skills and labour, plus buoyant buyer demand are driving this. Support from Help to Buy and Stamp Duty incentives for 1st timers really help to underpin this.
2018 NATIONAL RESIDENTIAL LETTINGS
Around one in five households in England are now living in the private rented sector and, despite pressures on Landlords last year from punitive tax changes, this market is very buoyant. Average
           8.9 weeks
rentals rose across the country in 2018
by 1.5% but, as with the sales market, there were some wide variances by region. London was up by 4.7% and the combined Midlands regions rose by nearly 3%. In the Southeast, the rise was less at 1%, but there were some local exceptions, where upward value adjustments were made, as necessary corrections.
Rents in only 3 of the 11 UK regions actually fell,
the worst being the Northeast at 4.6%. There was
also positive growth in the total number of Landlords,
despite the recent reduction in ‘buy to let’
investors, which all bodes well.
“2018 was a record year for us across our Sales & Lettings activity and we’re really proud of all our team members who made this happen. In 2019 we continue to be fully focussed in helping all our customers to ensure their moves are made
as easy as possible”
was the average time it took us get to Completion from point of
Theproportionofnewbuildhomes we sold ‘off plan’ prior to general
Ourmarketshareof 21% residential sales in the
local region*was
(*Postcodes GU 26,27,30,31,32,33,34,35)
Sale Agreed
marketing was
53%
99.9%
9 days
98%
was the
average sale price we achieved
Already in Q1 we have seen robust activity, both for new instructions and new buyers registering. Residential Sales on par with last year and Lettings activity is also very brisk indeed. We are confident that the market will remain quite stable during the final ‘play-out’ of Brexit, after which we can expect a further healthy bounce-back in consumer confidence ... a view shared by most industry pundits.
was the average rent we achieved against the monthly asking price
was the average time it took us to let a property from launch
of the advertised asking price
2019 THE OUTLOOK
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