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As a general rule, the housing market always slows down during the winter months, especially December. From Boxing Day onwards, it starts to speed up again.

The New Year is usually one of the busiest times for agents and this year is expected to be no different. 

First-time buyers hoping to get on the property ladder next year may be disappointed as Zoopla predicts property prices will rise by 3% over the course of 2022.

But for those looking to sell their house, January could be the ideal time to list their property as it's statistically the best month to sell. The weather is improving, the evenings are lighter and there are no holidays or events in the spring that have the potential to be financially challenging. This makes spring the perfect time to think about the market as people begin to think about future events such as the enrollment into schools and creating stability in lieu of the winter months ahead.

Express News

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A fast internet connection is now one of the most important factors for homebuyers.

When asked for the single most important factors for homebuyers:

23% said the size of the property

20% said broadband quality

18% said the number of bedrooms

10% said the age of the property is

9% said transport links

In many cases, customers feel that good internet is a 'must have'. This has come about because of the pandemic, where people began working from home so good internet connection was vital. A good internet connection can potentially increase the value of a property.

BBC News

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64% of parents whose adult children own a home have given them help onto the property ladder. A further 10% of parents said that while they did not contribute to their children's house deposit themselves, other relatives did.

Zoopla's research shows that parents forked out an average £32,440 to put towards their children's house deposit. A further 14% of parents gave their children more than £50,000. 11% of parents paid the entire deposit for a new home and 4% went one step further and actually bought a home for their children mortgage free.

The research was carried out among Zoopla users, nearly 1,100 of whom were parents to grown-up children.

Zoopla

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Mortgage rates for homebuyers with a 5 pc deposit have fallen to a record low. A typical two-year loan now costs 3.09 per cent, down from 4.44 per cent 12 months ago, according to Moneyfacts. The average five-year rate fell from 3.97 per cent to 3.39 per cent.

Daily Mail

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According to Moneyfacts, the choice of mortgage products is the highest it has been since 2008.

The total number of products available for the residential mortgage sector has risen to 5,315,the highest since March 2008 when it was 6,192. Borrowers also now have more choice than they did before the pandemic.

Eleanor Williams, finance expert at Moneyfacts says that increases in rates for most of the lower LTV products, borrowers with the smallest deposits are actually seeing rates fall. Eleanor says:- "It may be that, following the end of the stamp duty holiday which had kept the property market bouyant, providers are now focusing on enticing first-time buyer business, which has often been considered the life blood of the hosing market. Indeed, those looking to secure a 95 per cent LTV mortgage will be pleased to note that at 3.09 and 3.39 per cent , the average fixed rates on offer have plummeted to the lowest on record."

  1. UK HOUSE PRICES CONTINUE TO GROW
  2. UK LENDER OFFERS 40 YEAR FIXED RATE MORTGAGE.
  3. BIGGEST PRICE DROP SINCE JANUARY
  4. INTEREST RATES ON HOLD FOR NOW.

Why Sell Your Home With Fox Estate Agents?

  • Fox Estate Agents have won multiple awards based on extremely high standards of Customer Service.
  • Chris Fox FNAEA has over forty years experience and is backed by a highly experienced, dedicated team.
  • You will have a personal Sales Progressor overseeing your transaction.
  • Fox Estate Agents is an NAEA Propertymark member firm and are also members of The Property Ombudsman Scheme.
  • Our Terms of Business are, No Sale, No Fee and we are here to assist you seven days a week.

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  • We are 100% satisfied and cannot recommend Fox Estates strongly enough. The team were extremely professional, friendly, and approachable from the minute we asked for a valuation right until completion. Their knowledge of the local area was spot on and made the difference on the sale of our house. We are grateful to Chris in particular for his attention to detail, responsiveness to emails and a willing pro-activeness to help keep things moving. I would not hesitate in recommending Fox Estates to my friends and family..

  • Chris Fox put my house on the market on June 13th and advised me to have an open house. 26 people viewed the property and I had 6 really good offers. By 3rd of August we had completed!Chris guided me through the sale with professionalism, integrity, friendliness and his extensive knowledge which can only come from spending 35 years doing a job he is still clearly passionate about.

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  • During my career I have come across many estate agents and Chris really is a true professional, with the highest standards of integrity and professionalism I have seen. As well as having referred him to my own clients and had excellent feedback, I have personally used Chris to sell my property and I have been extremely impressed, and would recommend him to everyone.

  • I instructed Chris to sell my house and when he found a buyer the sale went through in just over 6 weeks. His service was excellent and I would recommended him to anyone. A few months later my mum instructed him to sell her house and again he found a buyer and the sale progressed to completion without a problem. Chris is very knowledgeable and professional and he will give you a very helpful, friendly and attentive service. If you are thinking about buying or selling I would suggest you give him a call

  • I employed Chris Fox to sell my parents home when my mother died last year. He handled the sales with professionalism and respect for my family. He was very eager to secure the right sale and was tenacious on our behalf. He kept us fully informed of all developments during the sale and achieved a very good outcome on our behalf. I would recommend Chris Fox wholeheartedly.

  • AFTER 4 MONTHS OF AGGROVATION WITH ANOTHER ESTATE AGENT I APPROACHED CHRIS ABOUT 2 MONTHS BACK, I EXPLAINED THAT I HATED ESTATE AGENTS, CHRIS HAS GONE A LONG WAY TO REPAIRING THAT IMAGE HAVING DONE A SPLENDID JOB IN SELLING MY HOUSE WITHIN 3 DAYS THE WHOLE PROCESS TOOK 6 WEEKS TO THE POINT I HAD MOVED EXCELLENT ATTITUDE AND A TRUE PROFESSIONAL

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