Homeowner confidence shows biggest leap in 7 years

The House Price Sentiment Index, compiled with information from surveys conducted by researchers at IHS Markit, shows that homeowners across the UK perceived the value of their property to have increased between August and September 2016.

Any reading over 50 on the index demonstrates confidence that house prices are on the rise. September’s results came in at 56.9 - a rise of 5.5 over August's figure - resulting in the largest month-on-month increase for seven years. The most substantial price growth was perceived by households in London, followed by those in the South East and East of England.

According to Tim Moore, senior economist at IHS Markit: “Recent survey data indicates that Brexit uncertainty has temporarily dented but not derailed housing market confidence.” He observes that “September data highlights a sustained recovery in house price sentiment from the three-and-a-half year low seen just after the EU referendum. In each of the past two months, UK households’ views have become more upbeat in terms of both current property values and expected prices for the year ahead.”

Now that the Brexit jitters have ebbed, there is a more upbeat mood surrounding the property market. In fact, thanks to ultra-low mortgage rates and limited supply, this autumn is a very good time to consider selling your house or apartment in Central London. Read our preparation tips for an insight on a few points to consider before marketing your property. To arrange a valuation, why not consider contacting Daniel Cobb.

You can get in touch with us by filling in a simple online form or chatting to our friendly sales teams at our offices in Westminster, London Bridge or Kennington. We can then arrange a time to visit you at your property and provide an accurate market appraisal of its value.

If you choose us to market your property, you’ll quickly understand why we have built our reputation as one of the most proactive and efficient estate agents in London. As a family-run firm with over twenty years’ experience, we aim to build long standing relationships with our clients, giving honest advice and providing excellent customer service. From the moment you sign up with us, you will be appointed your own property advisor who will remain with you throughout the sale, from valuation to completion, helping you achieve the maximum price for your home.

We’ll offer you a range of marketing options: advertising on major property portals such as Rightmove, creating a high-quality brochure, giving your property a prominent position in our window displays and informing our large database of followers through social media. We’ll even advise you on the best ways to showcase your property to potential buyers.

If you are interested in selling your London home, contact us at Daniel Cobb today.

Photo Credit: Louis MacNeice