2018, A Positive Year for the Property Market

Christmas is always a good time to take a break and reflect on the year, so here are some festive facts to give you a flavour of how the property market has performed during 2018.

Property continues to be an excellent investment, as these statistics show:

If you’re dreaming of snow on Christmas Day, it’s worth bearing in mind that property prices have risen by 38% since the last time we had an official White Christmas.

Gold, frankincense and myrrh always make an appearance at this time of year, but did you know that property is a better investment than gold? UK house prices have outperformed gold over the past five years - property has risen by 26%, whereas the price of gold has grown by 11%.

House prices are actually higher now than they were 10 years ago, just before the major house price crash during the last recession, so there is no reason to panic over any supposed predictions about what may or may not happen once we leave the European Union.

2018 has been a good year for first-time buyers. Various reports confirmed that the number of first-time buyers was on the rise throughout 2018, and statistics showed that 360,000 buyers will be celebrating Christmas under their own roof for the first time, compared to 320,000 the previous year.

And finally - get ready for the post-Christmas rush! Online property searches are always extremely high at Christmas and into the New Year.

If you need any advice about selling your house in 2019, pleasedrop us a line or pop into your local Nock Deighton office.