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  • Confidence rising with encouraging start to year

Confidence rising with encouraging start to year

05 Jan 13

“A December rise of 1.3% ensured the latest figures from the Halifax house price index show an increase across the last quarter of 2012 of 0.6%, indicating a firming and stabilizing of market conditions. This is the first quarterly increase we have seen since May 2012, which itself followed six consecutive falls,” he says.

“Taking the year as a whole, we saw a return to a more stable picture, with six months of rises and six of falls, and only a small overall decline of 0.3%, leaving prices only marginally lower than at the end of 2011.

“Encouragingly, Halifax reports that the current economic situation has not dented public confidence in the market, with 38% of those taking part in a tracker survey believing that house prices will rise in the next year. Only 18% took the opposite view.

“Personally, I have no illusions as to how tight things are for many, and when price levels are uncertain and mortgages are hard to find, transaction levels are bound to fall. We now have half the number of transactions taking place that we had in the boom years. But despite subdued economic growth and pressure on household finances, people have their lives to be getting on with and for some this means making a move now rather than some time in the future.

“There has been a degree of pent-up demand stored over the last four years, but judging by activity levels since the New Year, I am hopeful that we may be seeing a start of a sales surge. Agents will tell you when the year starts with a bustle, it often bodes well for the whole spring market – and January is looking like exactly the kind of start we like to see.”

Alan Williams, Managing Partner
January 2013

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Woodbridge

Nunn's Mill, Quayside, Woodbridge, IP12 1BN Email: [email protected]

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Monday 08:30 - 18:00
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01394 333346

Kesgrave

127 Main Road, Kesgrave, IP5 1AB Email: [email protected]

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Monday 08:30 - 18:00
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Kesgrave estate agents 01473 358400
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01473 358400

Felixstowe

120 Hamilton Road, Felixstowe, IP11 7AB Email: [email protected]

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Monday 08:30 - 18:00
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Felixstowe estate agents 01394 548700
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01394 548700

Ipswich

1 Buttermarket, Ipswich, IP1 1BA Email: [email protected]

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01473 232700

Manningtree

2 Station Road, Manningtree, CO11 1AA Email: [email protected]

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01206 397222

Sudbury

26 Market Hill, Sudbury, CO10 2EN Email: [email protected]

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01787 327000

Colchester

146 High Street, Colchester, CO1 1PW Email: [email protected]

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01206 763388

Stanway - Head Office

Head Office, 1 Tollgate East, Stanway, Colchester, CO3 8RQ Email: [email protected]

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01206 216543

Witham

64 Newland Street, Witham, CM8 1AH Email: [email protected]

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01376 516464

Chelmsford

20 Duke Street, Chelmsford, CM1 1HL Email: [email protected]

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01245 292100

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