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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, Aug 12 2019 12:00PM

Property prices remained virtually static in May, the average price of a property £229,431, up just 0.1% on

April. Year-on-year prices have risen by 1.2%


In the economy, wages rose 3.6% in the three months to May, the highest rate of growth since 2008 according to new figures released by the Office for National Statistics. Wage growth continues to outstrip inflation, inflation in May 2.0%, down from 2.1% in April.


In June, the HMRC report that the number of properties sold was 16.5% lower than a year earlier.

Despite this fall, in the first half of 2019, sales levels were just 3.6% below the first half of 2018.


If you would like to know more about what is happening in the property market for our local area - please feel free to give me a call! I'm always happy to help!


Alex Doggett - Owner - ABODA Fine Homes



By Alex at Aboda, Jul 24 2019 08:37AM

In June, the HMRC report that the number of properties sold was 16.5% lower than a year earlier. Despite this fall, in the first half of 2019, sales levels were just 3.6% below the first half of 2018.


Nationally there were 7.8% fewer homes for sale in June compared to a year ago, according to Rightmove, with sales volumes 4.6% lower to date in 2019.


With demand levels starting to stabilise, the RICS expect some improvement in sales rates at the national level over the next 12 months.


The Bank of England report mortgage approvals and mortgage lending in May were up marginally on last year, however quarter on quarter the volume and value of lending has fallen.


Although buyer interest remains, at 62 days the average time to find a buyer in July is at its longest since July 2013, according to Rightmove.


If you would like to know more about what is happening in the property market for our local area - please feel free to give me a call! I'm always happy to help!


Alex Doggett - Owner - ABODA Fine Homes


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


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