The market is beginning to stabilise!
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