5 Kings Parade, Ashford, Kent TN24 8SQ
T: 01233 632383 E: ashford@skippers-ea.co.uk Area Guide
T: 01797 362898 E: newromney@skippers-ea.co.uk Area Guide
30 High Street, Cheriton, Kent CT19 4ET
T: 01303 279955 E: cheriton@skippers-ea.co.uk Area Guide
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The ups and downs of property prices continue to fascinate many. After spectacular rises during the pandemic, and a temporary sense of panic when Liz Truss was in power, January shows how a more stable landscape has affected values. New data from Zoopla offers a great perspective.
It may be the year of the dragon but it could also be the year of the property investor! Headwinds have quickly turned to more favourable tailwinds, with mortgage rates decreasing, optimism increasing, and the potential for a Spring Budget bonanza to assist budding and existing landlords.
The kitchen is often described as the heart of the home – especially with our fondness for open plan living – so it makes sense to spend time and money on a room that’s well used.
As estate agents, we stay up-to-speed with finance news, as mortgage rates have a huge impact on buying and selling activity. As a rudimentary reminder, the lower the mortgage rate, the cheaper monthly repayments become. We know many home movers have delayed buying a property until mortgage rates eased and that has definitely happened as we start 2024.
December marked a year when we returned to what agents call ‘normal’ sales conditions. But what is normal? It means historically average mortgage rates, sellers having to be realistic when it comes to pricing and an absence of cataclysmic events.
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