Call us now

I agree for Surveyor Local to contact me.

CLOSE

26 Jul, 2024/ by Surveyor Local /News

For anyone watching the news about the housing market, the data over the last few months has not been too enticing; perhaps it might even be seen as a little worrying.

For those wanting to buy a new home, the state of the market has been a little concerning, to say the least.

In part, this is because of volatile financial markets impacted by the wars being waged on the Russo-Ukrainian border and in the Middle East. It's also impacted by the management of the economy, which itself has had a rough ride in recent years.

But things look like they are improving, particularly when it comes to the mooted bounceback of the housing market. This might be a direct result of the optimism created by the change of government on 4 July, or it could simply be part of the usual cycle in the life of the housing market.

The Halifax has just published its Housing Price Index Report for July 2024. The data it provides shows:

  • The current average house price (£291,268) is back to where it was at the beginning of the year after successive monthly falls.
  • All regions of the UK - with the exception of the East of England - the prices have risen.
  • There is some caution to be applied: while the increase for July is encouraging, it follows three flatlining months.

Amanda Bryden, Head of Mortgages, Halifax, said:

“Last week's Bank of England's Base Rate cut, which follows recent reductions in mortgage rates, is encouraging for those looking to remortgage, purchase a first home or move along the housing ladder.”

Against this news, Bryden noted caution:

“However, affordability constraints and the lack of available properties continue to pose challenges for prospective homeowners.”


If the market for new housing does look like its improving, now would be a good time to look for your next property. And you'll probably want to check out the structural integrity of any property you want to buy to ensure it's sound and worth the money that you will eventually pay.

That's where it is really worth contacting Surveyor Local

Surveyor Local only works with members of RICS to offer home buyers a comprehensive range of surveys that are affordable and will provide the information required on a property. 

Your appointed surveyor will be local to the property you are buying so they will know the area and bring that knowledge to their assessment and their analysis of the issues with the new home.

Not only will the surveyor work hard to find all the problems affecting the property, they will also be keen to adopt new and proven technology in order to give the best survey possible.

Surveyor Local will provide a quote that will not change - what you are quoted is what you pay. 

Next-day bookings are usually available, and your appointed surveyor will look after arranging access to the property with the estate agent and the seller. Once the survey is complete, they will send you a PDF copy of the report by email.

Call  to get your survey quote started, or to discuss your concerns with the acquisition of your planned property.

Or you can get a quick quote, using Surveyor Local's easy-to-use quote generator. Simply input your name, postcode, email address, phone number and an approximate value of the property (usually the agreed price), and we'll give you an instant quote for the work (with an email copy). 

We'll do the rest once you confirm your acceptance of the quote.

Share this news post:

More from this category