Positive outlook for the UK housing market.
The latest data from the Agency Express Property Activity Index report has revealed promising signs for the UK housing market, as it moves confidently in to 2013.
January’s report indicates what could be the first signs of the predicted turnaround in the UK property market. This months index highlights the regions achieving the most properties ‘Sold’ and how they have performed in comparison to 2012. This months top performing region was central England with an increase of 79.6% on properties coming on to the market, a massive 52% increase on the figures recorded in January 2012.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: Many changes are occurring in the way in which mortgages are being offered by lenders. New deals, dropped rates and incentives are being reported almost on a daily basis. However great rates come at a high price, and although 2013 seems to be the year to secure yourself a deal, without some substantial savings or family support, first time buyers can still expect to pay above the odds. Nevertheless the forthcoming months will be an intriguing time for the UK property market.
To read the Property Activity Index Report in full please click here.