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September traditionally marks the start of one of the most important periods in the property calendar. Summer holidays are over, families are returning to normal routines and buyers and sellers who put plans on hold during August are beginning to look at the market again.
This year, there are already signs of that autumn momentum returning. Buyer demand jumped during the opening week of September, house prices remain higher than a year ago, and Nationwide recorded a small monthly increase in August.
At the same time, the latest official figures released on the 16th September show that house-price growth has moderated while rental growth has edged higher.
So, rather than simply asking whether property prices are rising or falling this month, there is a more useful question:
What do the latest figures actually mean for people thinking about buying, selling or letting property?
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Thinking of Moving Before Christmas? Now Is the Time to Start Planning
It might feel a little early to be thinking about Christmas, but if moving home before the festive season is on your wish list, the end of summer is a good time to start making plans.
Selling and buying a property involves several stages, and while every move is different, getting organised early can put you in a much stronger position. From preparing your home for sale to arranging your finances and finding your next property, there is plenty you can do now to help things run as smoothly as possible.
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August is traditionally one of the quieter months in the property calendar, with holidays, warmer weather and family plans temporarily taking some attention away from moving home. This year, however, there are some interesting signs beneath the headline figures.
Sellers are becoming more competitive on price, buyers have one of the widest selections of homes seen in years, mortgage approvals have started to recover following May’s fall, and Rightmove has recorded an increase in buyer activity since the end of July.
For anyone thinking about moving home, August could therefore be less about waiting for autumn and more about spotting opportunities while other people are distracted by summer.
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When Is Probate Required?
If you've inherited a property that you want to sell in Newton-le-Willows, you may need to go through the probate process before the sale can be completed. Whilst the process can seem complex, working with the right estate agent and solicitor can help make the transaction as smooth and stress-free as possible.
In this article, we'll explain what probate is, when it's required and how to sell a property in Newton-le-Willows when probate is needed.
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The UK property market has reached midsummer in a healthier and more flexible position than the headlines might initially suggest. Buyers have a strong selection of homes to explore, sellers who respond to current conditions are continuing to secure moves, and official figures show that average house prices and rents remain above their levels of a year ago.
Mortgage rates have also moved in a more helpful direction, while a new Prime Minister brings an opportunity for housing to return to the centre of the government’s domestic agenda.
Rather than viewing July as a slowdown, it may be more useful to see it as a market reset. People are still moving, but they are doing so with greater care, clearer priorities and more realistic expectations.
Fraser Reeves Estate Agents Limited, Reg office: 103 High Street, Newton-le-Willows, WA12 9SL.
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