The end of 2019, and indeed the preceding three years, saw great political turmoil that had a not unexpected impact on so many industries across the UK. December handed us a new government, we began in earnest our EU exit on 31 January and we step into the New Year with a watchful but optimistic eye.
 

Here in the north we’ve been fortunate to see positive indicators in the property market, despite the upheaval, and encouraging news seems set for the coming year. Economic and property experts agree that there will be a definite north/south property market divide over the coming 12 months, with the north the clear winner.

At Jackson-Stops York we confidently predict increased levels of property transactions this year with many more new properties coming to market.

This is the result of a number of factors, including news of increased funding for the Northern Powerhouse. This will bring more money, talent and research to the region, which can only impact positively on the movement of property.

An increasingly buoyant mortgage market is on the horizon, with more and more lenders willing to offer a greater range of products designed to help first time buyers get on the ladder, including 40-year mortgage terms and 5% deposit mortgages. These buyers are the most important part of the property market and giving them greater freedom to buy will have positive impacts across the whole market.

This is a great time to consider buying or selling a property and we predict that properties will begin to move faster.

Make sure you’re raring to go for the spring market – talk to us about getting your property market ready.

york@jackson-stops.co.uk