House prices falling but autumn bucks the trend

News at Waterfords | 22/09/2017

The 22nd September marks the first official day of autumn. As the days shorten, weather starts to chill and the landscape takes on a rustic hue, many homebuyers are still actively searching for properties. The rush for some house hunters to get into their new home before Christmas is in full swing at the moment, with 28% of all property sales occurring during the autumn months in 2016.

The number of sales agreed is higher than this time a year ago, up nationally by 4.8%, showing that demand remains strong for the right property at the right price. House prices may have fallen slightly in month by month terms since the summer, but South East house prices in September have grown by 1.1% since the same period in 2016.

Given the seasonal slowdown in the property market it is vital to ensure that your property is valued correctly to sell quickly. Are you are thinking of moving or perhaps you are already on the market with another agent and your property isn’t getting as much interest as you hoped? Your local Waterfords property expert will be able to provide you with a property market report tailored especially to your postcode using the very latest data from Land Registry, The Office of National Statistics and Rightmove.

Does your home have an autumnal twist?

Waterfords looked into properties with seasonally themed names and discovered that of all the seasons, ‘autumn’ proves the most lucrative when it comes to property names. Homes bought this year which have included autumn in their name, have sold for more than double those which included summer.

There have been four autumn houses sold so far this year, the most expensive selling for almost £3 million in Taplow, near Maidenhead. It’s counterpart in Rawdon, West Yorkshire sold for well over half a million. Meanwhile, seven Autumn Cottages have also been bought this year, ranging from £163,500 in Norfolk to £640,000 in Tring, Buckinghamshire.

Does your property name have an autumnal edge? Call your local property expert to find out how much it is worth, it could be more than you think.

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Source: Dataloft/Land Registry data