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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

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.


Simple really!


If you'd like to discuss the market, or your home - feel free to get in touch! I'll be happy to talk.


Alex


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