Property Rescue Blog

The £100,000 price ceiling for the average house has been smashed. According to news articles this week there is now nowhere in the UK where you can buy an average house for less than £100,000. The last place to break through the barrier was Lochgelly in Fife. Compare this to just 5 years ago, where 200 UK locations had average house prices below the £100,000 mark.

It seems that the house market everywhere is on the up but in England, London continues to set the pace with the largest increase over the past year. Properties in the city have gone up an average of 14.9 per cent. Northern Ireland has seen a boom in its property prices as the impact of the peace deal takes hold and locations become more desirable both to individuals and to business. Some areas have risen a staggering 55% in just one year making Northern Ireland one of the most expensive places to live in the whole of the UK.

Some commentators expect there to be a dampening in demand for houses and some agents are reporting that although houses are selling, they are staying on the market longer. The rises in interest rates since last August and small pay increases mean that people are thinking harder before committing themselves to multiples of their salaries in big mortgages. For many, however, there is little choice if they want to get their foot on the first rung of the housing ladder.

If you are having difficulties selling your home, Property Rescue will offer a guaranteed price and will tie up the legalities of moving in the minimum time, allowing you to get on with your life. Contact them for instant pricing and confidential advice.