East Dulwich

165 Lordship Lane, East Dulwich, London, SE22 8HX

Forest Hill

5 London Road, Forest Hill, London, SE23 3TW

Maidstone

Flaxfield House, 91 The Street, Maidstone, Kent,
ME18 5LU

Request a free valuation (Sales)

Once you've requested a valuation we will visit your property and offering a free, no obligation valuation and advice, based on our extensive experience of selling homes in your local area.

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Request a free valuation (Lettings)

Once you've requested a valuation we will visit your property and offering a free, no obligation valuation and advice, based on our extensive experience of selling homes in your local area.

your personal details

your property requirements

Register with Daisy Lets & Sales

Please enter your details and parameters of the type of property you are looking for below and one of our dedicated team will be in touch to discuss how we can help you find your dream home.

your personal details

your criteria

Register with Daisy Lets & Sales

Please enter your details and parameters of the type of property you are looking for below and one of our dedicated team will be in touch to discuss how we can help you find your dream home.

your personal details

your criteria

May 13, 2017 Market Reports

East Dulwich Local Market Report – May 2017

We bring you the latest trends in the UK’s housing market, with a detailed focus on East Dulwich.

House prices

Availability of homes to buy was at its lowest March level since records began in 2002 according to NAEA Propertymark. Low supply continues to fuel house price growth. Average prices across the UK rose by 5.8% in the 12 months to February, according to the ONS. Prices are rising across all regions but most strongly in the East, by 10.3% in the last year.

Economy

Interest rates were kept on hold in May at their historic low of 0.25% with just one of the eight members of the Bank’s monetary committee voting to raise them. There is some indication, however, that a rise may come sooner than expected should inflation continue to overshoot its target.

Transactions

In the latest RICS survey, surveyors report that sales levels declined in April, affected by the calling of the General Election and continued impact of stamp duty changes, particularly for the higher priced properties. Some uncertainty in the run up to the Election is to be expected and some agents feel that the Election is actually having less of an effect than it has in previous years.

Demand

Higher inflation is starting to affect consumer spending. UK mortgage approvals fell in March 2017 to their lowest level for 6 months. The number of loans approved in March was 4.7% lower than a year earlier, as reported by the Bank of England.

Investment

The overhang of the buy-to-let surge in the first three months of 2016 has lead to more choice and slower annual increases in rents, according to Rightmove. They report that there were 12% more properties available to rent in Q1 2017 compared to 2016, resulting in annual price growth of just 1.8%, less than half the annual growth of 3.9% recorded over the same period a year ago.

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