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ABODA FINE HOMES

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FINE HOMES

Welcome to my blog

 

Here you can read all my advice, tips and property market knowledge about buying and selling a high value home in the Wisbech Town & Village area

By Alex at Aboda, Jul 10 2019 04:15PM

Over the last 12 full months there have been 1,042 sales in Wisbech PE13 & PE14. This is a –8% change on the previous 12 month period. The average sales price was £182,697.


After contracting in April, the UK economy rebounded by 0.3% in May, according to the ONS, boosted by some recovery in car production. Meanwhile, the service sector continues to contract as it has done since summer 2018.


The HMRC report that the number of properties sold in May was 11.3% lower than a year earlier, dropping below 90,000 for the first time since May 2016.


The latest RICS Residential Market Survey suggests the market is beginning to stabilise. Demand levels were largely unchanged in May, compared to April, following consecutive months of decline since July 2018.


If you would like to discuss the market - feel free to send me a message anytime! I'm always happy to help!


Alex Doggett - Owner - ABODA Fine Homes




By Alex at Aboda, Jun 26 2019 07:07PM

Over the last 12 full months there have been 1,038 sales in Wisbech PE13 & PE14. This is a –10% change on the previous 12 month period. Despite this, the average sales price was £182,561 - 2% more over the last year.


The average price of a property across the UK was £228,903 in the year to April, 1.4% higher than a year ago - Showing the local Wisbech area is performing better on house price growth than the national average. On a monthly basis, average prices rose by 0.7%, the first rise in monthly prices since August 2018.


The UK economy contracted 0.4% in April, according to the ONS, meaning growth for the three months to April slowed to 0.3%. The fall was driven by declining output across the production and construction sectors following stockpiling in March, along with a 24% fall in car manufacturing


The HMRC report that the number of properties sold in May was 11.3% lower than a year earlier, dropping below 90,000 for the first time since May 2016.


If you'd like to have a chat about the market I'll be happy to help anytime!


Alex Doggett - Owner - ABODA Fine Homes


By Alex at Aboda, Jun 11 2019 05:36PM

The affordability ratio for England and Wales hit another peak at 7.83 in 2018. This means that the median property price in England and Wales is now 7.83 times more than gross average annual earnings, according to new data from the Office for National Statistics (ONS).


This affordability ratio is up from 6.35 in 2009, which dropped from the previous peak in 2007 when the ratio was 6.9.


The data reveals a clear north-south divide. Copeland is the most affordable place to live in England and Wales, with median property prices just 2.5 times that of annual gross earnings. Areas in the North West and Wales take the top five spots for affordability.


Seven of the ten least affordable areas in which to live are located in London, the other three are in the South East.


The East England region is the third least-affordable area in England & Wales as people seek alternative areas to move to outside of expensive London and South-East regions but still within close geographical proximity to London itself - a trend we at ABODA Fine Homes expect to continue in the coming years.


If you'd like to discuss the market in general or need advice about your homes value or move, I'm happy to help anytime - just drop me a message!


Alex Doggett - Owner - ABODA Fine Homes


By Alex at Aboda, Nov 28 2018 08:07PM

An increasing number of people looking to buy homes in the Wisbech area are deciding on the suitability of a home based on the availability of high speed fibre broadband to the property.


A quick analysis of sales volumes to date in 2018 indicates that in areas where sales have increased compared to the same period last year, on average virtually half of all properties have access to ultra-fast broadband, with an average download speed of 46.4mbps.


In contrast, in those areas where sales have fallen, just under one third of properties have access to ultra-fast broadband and the average download speed is slightly lower at just 42.9mbps.


While broadband coverage and speed may well not be the most important factors in choosing which home to buy, their impact on daily live is ever increasing. 89% of adults now use the internet each week, up from just 51% in 2006 (ONS), and a rising proportion of the population works from home for at least part of the week.


If you'd like to discuss the property market in the local Wisbech area, or your home's current value, please do get in touch. I will be happy to help


Alex Doggett - Owner - ABODA Fine Homes


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