Hope for the Housing Market as 2022 Draws to a Close

With the recent uncertainty in the housing market, it can be hard to know when the best time is to sell your property writes Ricky Benwell.

Whether you’re thinking of buying your first home, upsizing or downsizing from your current property, keeping a close eye on the local market and house prices is always a good place to start.

After a slow start to October, we have seen a recovery in both properties coming to the market and sales going through to completion.

Following a rise in mortgage rates, there was a reported 40% less buyers searching for a property than before the Chancellors announcement on the budget.

However, following a number of the larger lenders reducing their mortgage rates as of late, buyers are returning with confidence. Ruddington and the surrounding areas continue to be an ever-popular location and demand is still high.

We are optimistic for what will be of the housing market in 2023 therefore, if you would like a free no obligation appraisal of your current property, please call the Benwell Daykin team on 0115 990 2007, email info@benwelldaykin.co.uk or pop into our offices at 12 High Street.

Finally, on behalf of the team, I would like to wish Ruddington and the wider community a very Merry Christmas and a Happy New Year.

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