fbpx

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.

your personal details

your property requirements

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

August 15, 2018 Market Reports

Sales Market Report – Forest Hill – August 2018

Over the last 12 full months there have been 452 sales in Forest Hill. This is a –10% change on the previous 12 month period. The average sales price was £480,941.

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

House prices

The latest figures released by both the Halifax and Nationwide indicate that house prices rose in the year to July compared to June. However, both anticipate that there will be little change in the market over the coming months.

Economy

Interest rates have been raised 0.75%, just the second increase in over a decade and a unanimous decision by the Monetary Policy Committee. Meanwhile, the Bank of England has raised its forecast for GDP growth over the year to 1.5% from 1.4%.

Transactions

Sales volumes in the first half of 2018 were 4.5% lower than the same period in 2017. Provisional estimates from the HMRC indicate that there were 96,340 residential transactions in June, down 5.7% on a year ago.

Demand

The number of mortgage approvals for new home purchases picked up in June to be largely the same level they were a year earlier. The total amount of gross lending, at £21.7 billion, was 4.2% higher than in June 2017 according to the Bank of England.

Investment

Fewer properties are being listed to rent which is diminishing available supply across all parts of the country according to the RICS. With demand for rental properties remaining resilient, rents are expected to increase with agents forecasting a 15% rise over the next five years.

 

Market review - Sales Housing Market - Forest Hill - August 2018

 

 

Copyright 2018 Daisy Property Services Limited. All Rights Reserved

Web Design London by Futura