By Alex at Aboda, Nov 7 2019 10:20AM
Here's a snapshot overview of what is happening in the property markets for the East of England.
The average price of a home rose by 1.2% in August compared to a year ago, according to the official UK
house price index. This is the highest level of annual growth recorded since April.
Sales level in September were at their highest monthly level since August 2017 according to the
HMRC. 101,740 sales completed, up 2.3% year on year. Quarter on quarter sales volumes rose 1.8%.
At 0.3% growth in the UK economy in the three months to August was slightly higher than expected.
Analysts expect growth of 0.5% over quarter 3, and 1.3% over 2019, down slightly from 1.4% in 2018 and
1.9% in 2017
65,919 mortgages for house purchase were approved by the Bank of England in September, up
0.6% year-on-year and the highest September figure since 2016. Year to date mortgage approvals are up
1.1% on 2018.
Over the last 12 full months there have been 985 sales in Wisbech PE13 & PE14. This is a –12% change on the previous 12 month period. The average sales price was £181,138.
If you would like to know more about what is happening in our local property markets - feel free to get in touch. I'm always happy to help!
Alex Doggett - Owner - ABODA Fine Homes