Is Oxfordshire following the UKs current market house price trends? Are we at a standstill? Look ahead to the New Year and the spike in demand over Christmas.
December 20, 2016
‘Are property prices going to fall?’ – In the year of Brexit amongst other big political changes it’s a question we’ve been asked many times, and one that I’m sure has been answered with varying degrees of confidence, but now as we near the end of 2016 we can see that things are not so gloomy after all! According to Rightmove key areas in the Oxfordshire, such as Headington, Summertown and Witney continue to dramatically outperform the rest of the UK. Growth in house prices across the county have increased by as much as 12%, dwarfing the national average of 4.5%*, and with demand continuing to outweigh supply that trend looks set to continue for 2017.
So now we can look back at 2016 and breathe a sigh of relief, and start looking forward to Christmas – waking up to a bundle of presents, enjoying a festive tipple, eating far too much and then of course sitting down to browse through Rightmove! Yes that’s right I said Rightmove. That may be a surprise to many but between Christmas day and the 30th December 2015 there were up to 44 million property views per day, and lots of phone calls coming our way as a result, which we were ready to answer.
If you are one of the many people who are thinking of moving in the New Year, why not take advantage of the Christmas audience, and get a head start on your competition. Please call or visit your local Scottfraser office to discuss your plans with us.
*House price changes are produced by the Land Registry and published by Rightmove, published on 5th December 2016. You can see how house prices have changed in your specific area by following this link and then enter your address: http://www.rightmove.co.uk/house-prices.html