Login Register

Optimism over house price increases

By Burton Mail  |  Posted: January 03, 2014

03/01/14 Estate agents signs Estate agents boards, off Shobnall Road..

Comments (0)

ESTATE agents in Burton and Swadlincote have said they are confident for the development of the housing market in the coming months.

Speaking after national figures showed a seven per cent jump in house prices, year-on-year, representatives from local agents said they had enjoyed a ‘positive’ end to the year, and were looking forward to a fruitful new year.

Though they admitted they had seen nothing like the increase in other areas, all said the market had improved significantly.

Terry Edwards, manager of Your Move, in Swadlincote, said: “There has generally been a steady growth – nothing massive – but we hope to see it carry on.

“The feeling seems to be that we are going to be seeing steady growth this year, and we are looking at a more buoyant time than last year.”

He added that the end of the post-Christmas holiday period next week would offer an indication as to how sales would go.

At John German estate agents, in Burton, the year has already got off to a good start.

Director Phil Sandbach told the Mail: “In the last four months we have had a very busy time.

“We’ve seen confidence returning to the market, and I think prices are rising slightly. This year, we’re already taking offers and we are selling. It’s very positive.

“I think as we go into the spring people will see their neighbours’ houses have sold, and will decide they are going to do it themselves, if they have been putting off the decision.”

The national figures, released today by Nationwide Building Society, show an average increase of 7.1 per cent in house prices. London has seen the bulk of the rise, with the lowest increase in the north.

Read more from Burton Mail

Do you have something to say? Leave your comment here...

max 4000 characters