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Hello again and welcome to the latest market pulse, brought by Hannells Estate Agents in Derby. This is a short video where I’ll be revealing all the latest property news and statistics from the Derby area and further afield.
Staying true to form for 2014, November was another busy month at Hannells. We had another brilliant month for sales which is great news for our buyers and sellers and there were some fantastic new properties to come to the market. To take a look, why not visithttp://www.Hannells.co.uk where you can view all of our properties online.
As you may already know, there was some exciting news recently with George Osborne announcing big changes in the stamp duty land tax system which became effective as of December 4th. The old slab system has been replaced with a new threshold system which should see almost 98% of home buyers save money on buying their home – great news for most and what better timing with Christmas around the corner. For more information on how the system works, check out the link below this video.
The average house price across England and Wales now sits at £177,377 which is just £4,000 below the peak of the market way back in 2007. The City of Derby saw an increase of .3% and Derbyshire saw an increase of .1%.
Talk of crazy property price rises in the South are over with things continuing to cool down and a return to a more normal, and more importantly, predictable property market. London has seen the strongest growth of the regions over last 12 months with a huge annual price increase of over 18%. The three next hotly tipped areas for growth over the next five years are Southampton, Brighton and Luton.
With prices varying on an almost street by street level, one industry expert was quoted as saying that there has never been a more important time to instruct a local estate agent with the sale of your property. One with a good knowledge and experience in your area and can price your property accordingly.
It’s good news for Local Landlords too as the average rent in the East Midlands increased by £20 in October on the previous month with an annual increase of just under 3%.
Talking of good news for Landlords, you’ll be pleased to know that Hannells, the agent that helps more people to move in Derby than any other agent now offers a brilliant Lettings service and we’ve got some fantastic opening deals for Landlords.
Of course we offer FREE valuations and if you have a property to let, I know that our Lettings Director would love to meet you. Book your appointment online or pop into any of our six local branches.
Well that wraps things up for this month’s edition of the Derby Market Pulse, I hope that you found it useful. If you have any questions about property, why not email them to us at enquiries@hannells.co.uk. You never know, we may even end up answering your question in the next edition of the market pulse.
From me and the whole team at Hannells, I would like to wish you a very merry Christmas and if you’re buying, selling, renting or letting – I hope we’re able to make it a moving experience!
If you have a property in Derby and you’re thinking of selling, why not arrange your FREE market consultation with Hannells today. Pop in and visit or or view the contact details for all six of our local Derby branches HERE.
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