The 'new jobs growth' effect on house prices
By Alex at Aboda, May 23 2018 08:58PM
Since the beginning of 2013 there have been 2.9 million new jobs created.
At the same time, average house prices have increased by 34%, with the two regions currently seeing the strongest growth in job creation (East Midlands and West Midlands) being some of the top performers in rental and house price growth.
So, why does new jobs growth affect house price growth?
A new job can often involve relocation to a new area and create a 'have to move' situation.
This stimulates demand to buy/sell/rent/let a home, and supply and demand affects prices.
If you'd like to discuss the market, or your home - feel free to get in touch! I'll be happy to talk.