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Whats your next move?


Mortgage activity has picked up this year but the lack of homes for sale is likely to push up house prices, reports have suggested.

The Centre for Economics and Business Research (CEBR) predicts house prices will rise 5.6% this year, higher than its previous forecast of 4.7%.

A lack of properties being put on the market was pushing up prices, it said.

This comes despite a 14% rise in mortgage approvals for house purchases, according to the major banks.

The British Bankers' Association (BBA) said that the rise in September compared with a year earlier was partly due to first-time buyers being able to find a "good deal".

If you’re a buyer, looking to cosy up in a new nest this Christmas, you need to start viewing now. There’s no time to lose. If you’d like to arrange a viewing, call my office on 0161 882 2233.

'If you do not change direction, you may end up where you are heading.'

Kind regards,

Eddie Ellis, MNAEA
Director, JP & Brimelow



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