Housing prices maintain their upward trend in 2019

Recently the Nationwide has reported that average home prices in the UK have increased 0.8% only in November, and 8% so far in 2019. Although this may seem a modest increase, it is necessary to highlight that it represents exponential growth of almost double the prices registered in October. In this way, average housing prices would be increased by almost 1% each month.

The main cause of this slow but steady increase would be none other than the uncertainty that exists in the UK real estate market. And it is that the indicators of economic activity in the country have been extremely volatile in the last year, besides, it is necessary to add the deceleration of all the markets product of Brexit. Investment in real estate markets has suffered a setback, so the increase in the average price of properties is more than justified.

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The owners have encountered an unfavorable situation, so the vast majority has decided to adopt a neutral position until the general elections are held, and make decisions based on the result. Dilpreet Bhagrath, Trussle’s mortgage broker, has stated that “With the growing political uncertainty of the United Kingdom in the period leading up to the December general elections, many potential buyers may be adopting a ‘wait and see’ approach to see how this could affect the real estate market“.

Sell, remodel, or buy?

It is normal that in this uncertain situation the owners are having headaches when trying to decide what to do. With the continuous increase in average home prices and the slowdown in the real estate market, renovations to properties become a tempting option for homeowners. Did you know that proper renovation work can significantly increase the value of your property? So is!

However, most of the time, when we trying to start with a remodeling job we realize that our property has more problems than we imagined. Water leaks, problems with the roof, problems with the floors, and a long, etc. In the end, this large list of problems ends up increasing the cost of repair and ending the budget we had available. How can this unfortunate situation be avoided?

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HICH offers the best property survey service in the whole UK, our surveys help you detect, identify and solve all structural, internal and construction problems. In the same way, we also have an extensive database of the best-trusted contractors throughout the UK so you can contact them and acquire the services of true professionals. Forget about worries about bad contractors, at HICH we make sure to select only the best of the best.

If you have decided to repair, or are thinking of selling your property, do not hesitate to contact us and request your survey. Make sure your home is in perfect condition! Remember that for us the well-being of your home and that of your family is our priority.