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Industry News May 24, 2023

Confidence Grows In Haslemere Property Market

Buyer and seller confidence is growing, with a good volume of sales being agreed this summer. According to Rightmove our team at Keats have sold more properties than all other Haslemere estate agents in the GU27 postcode area.*

Despite a period of uncertainty, the local housing market is stable, and we have a steady stream of sales to progress. Property across Haslemere and the surrounding areas continues to be highly desirable and asking prices are up by 3.2% year-on-year in Surrey.**

Inflation is starting to come down, albeit little slower than hoped but longer term market forecasts indicate that increases will come to an end. Those planning to move will be able to better plan ahead as average fixed-rate mortgages are starting to stabilise.

All in all, there is a positive outlook for the property market which is reflected in the latest housing market update from property portal OnTheMarket (OTM). The data from OTM reveals that 70% of UK buyers are confident that they would buy a property within the next three months.

If you are considering selling or buying a property, please speak to our team to discuss your requirements on 01428 661622.

*Rightmove data from 1st January 2023 to 23rd May 2023 confirms that Keats has sold the most properties (sold subject to contract) in the GU27 postcode

** May House Price Index, Rightmove

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