The property market is stabilising according to Seymours in Haslemere
04 April, 2023
Activity throughout the local property market is returning to pre pandemic levels, according to our sales team. It follows a steady increase in sales agreed this spring and continued demand for rental property.
In sales, property prices have risen by 1.2% across the South East over the last month and annual asking price growth has eased to around 3.0%. These figures, from Rightmove’s latest house price index, paint a more positive outlook.
Joss, co-owner of our Haslemere office, said: “The local property market is stabilising, with signs of buyer confidence returning. This spring we are experiencing a significant increase in buyer activity, with family homes being most sought after.
“While buyers are taking more time to consider their options and plan ahead, there is certainly a renewed demand for property across Haslemere and Godalming. There’s currently a shortage of family homes on the market, making now the perfect time to sell if you’re considering a move.
“In lettings, rental properties are still being snapped up within a matter of days. Rightmove figures confirm that we have let more properties than any other local agent this year across the GU26, GU27, GU28, GU29 and GU30 postcodes.*
“This level of activity across sales and lettings looks set to continue throughout the spring and into summer. As our property portfolio grows, there will be more opportunities for buyers and tenants to find their ideal home.”
Mortgage Rates
Mortgage rates are starting to fall according to Rightmove’s figures, with the average rate for a 15% deposit five-year fixed mortgage at 4.65%, which is down from 4.75% in February and 5.89% in October.
If you are considering buyer a property or investing in a rental opportunity, we recommend speaking to our trusted mortgage advisers. We partner with Heritage Independent Mortgage Advisers who are best placed to provide sound advice and find the best possible deals.
Find out more about our recommended mortgage advisers here.
Support and Guidance
If you are feeling cautious about selling or letting a property and require some guidance, our experts are on hand to provide all the assistance you require. Please contact our team on 01428 787878 to arrange a free valuation and find out more about the award-winning services we offer.
*Rightmove data from 1st January 2023 to 1st April 2023