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Monthly archive for July 2019

June On Cusp Of New Record For Price Of Property Coming To Market

June On Cusp Of New Record For Price Of Property Coming To Market

Here at Letters Group we have a team of professional estate agents that are here to help you sell your property or buy a new property. Our professional estate agents in Peterborough keep on top of all the latest changes in the world of buying and selling homes so you don’t have to. 

Below you can find out about the latest changes in the price of property coming to market.

The price of newly-marketed property has risen by an average of 0.3% this month. This is an increase of £1,058. We have seen reports of all-time price highs in the East Midlands, across the North West, in Wales, Yorkshire and the Humber too. These all-time price highs have pushed the national average to within £91 of a new record. It is important to remember, this is all despite the background of the politically uncertain times we are going through as a country.

A better performance for new sellers coming to the market and sales agreed has been reflected in the market buoyancy in these areas, when compared to the national average annual change for the year so far. We were interested to see that sales agreed so far are better in the northern regions, down by just 1.7% year or year. However in the southern areas there does seem to be some hesitation as it is down 7.1% when compared year on year.

The regional pattern is evident in the number of house sales being agreed too. There is a clear and more marked reluctance of would-be sellers in the south. This means that there is less property choice for the buyers, which leads to few sales agreed in the southern regions.

However, research shows that the national average for the number of house sales agreed is down just 4.3% when compared to last year. Wales is setting new price records and is selling better than the national average. In fact Wales is 0.2% ahead of last year. We then look at Yorkshire and the Humber which is 1.9% down on last year. The North West is down by 3.3% and the East Midlands is down by 3.7%.

Please remember the housing market is ever changing. If you are looking to sell your home or purchase a new home please contact our team of professional estate agents in Peterborough directly. We can give you honest advice and guidance to help you make an informed decision about how the current housing market will affect you.

Top Tips For Downsizing in Peterborough

Top Tips For Downsizing in Peterborough

Making the decision to downsize your home is never an easy decision. However there are lots of opportunities for downsizing in Peterborough. Whether your children have flown the nest, you want a home that is easier to manage or you’re downsizing to have more available funds – we are sure you will find the right home in Peterborough to downsize too.

That said downsizing is still tricky. In this blog post we have put together some top tips to help you with the downsizing process.

It is only normal that we collect things over time. These could be things your children have made at school, your child’s first clothes, old phone’s in drawers (just in case) and the random wires that are kept in a box under the stairs because you never know when you might need them. Downsizing is a great time to go through these things and start clearing out. 

The wires have not been used for ages; it is unlikely you will need them, so throw them out. Donate old phones to local charity shops or sell them to a local shop who will sell them on for you (and you can make a few pounds in the process too). If you really want to keep the old baby clothes why not take cuttings and make them into a patchwork blanket? These boxes of ‘stuff’ will take up a lot more room in a smaller home!

Go through all your possessions. If you love it then keep it. If you are keeping it to make someone else happy then get rid. Things that make you feel sad, angry or lonely should not be in eye-sight within your home. By clearing these things out you will be a happier family in a happier home.

If there is furniture in your home that will not fit in your new home, then why not offer it to the person buying your home included in the purchase. Or you could sell it online and make some money to purchase brand new furniture for your new home, which fits perfectly.

Downsizing in Peterborough can be tricky. There is likely to be a tinge of regret as you have made happy memories in your home. Even if you are excited to be downsizing there can be those moments of worry. 

Stop yourself from feeling sad about downsizing by imagining your new lifestyle in your new home. Think about what the rooms will look like, clear, clan and spacious. Imagine friends and family popping in to see you, and admiring your new home. Then ask yourself if you really need all the objects that currently surround you, or if you could do without them!