A recent report by Rightmove suggests a cautious, yet potentially bullish period for the period leading up to, and immediately after the General Election. The prospect of rising interest rates and the change in lending criteria, (introduced by the Goverment in April 2014), have already had a cooling effect on the property market, yet low stock and the recent change in stamp duty, may still drive prices up.
An interesting time ahead for potential buyers and sellers alike.
Bishops Stortford and the immediate surrounding villages and towns, are well placed to benefit from potential rises in property prices. Historically, it has mirrored positive activity in the South East of England.
Yet some reports suggest that prices in London are over inflated and the city could be heading for a correction. Bishops Stortford is situated on the outskirts, but still within easy reach of London, Buying or selling here may present a degree of uncertainty for customers.
Anyone looking to buy property, whether as a buy to let investment or to live in, will be presented with some challenges this coming year. We’d like to extend an open invitation, to anyone thinking of taking the plunge, to pick up the phone and call us for free impartial advice.