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Happy New Year and welcome to the 2018 housing market, I think there is an interesting and exciting year ahead. 2017 turned out to be a politically turbulent year, and an interesting one for the property market, once again demonstrating the resilience of the British when it comes to home ownership.

The latest report from LSL revealed that average house prices have seen a return to growth after several months of slowdown and the Land Registry reports that house prices are, on average, up 4.5% on last year, when the figure was 6.3%.

These figures are skewed by significant regional and timeline variations and should be viewed with caution. For example, the Land Registry reports a fall of 0.6% fall last month alone, despite the annual rise. The more recent LSL report this as 0.9% - its lowest since April 2012.

Within the South East the figures fluctuate widely (e.g. Westminster down 18%, Redbridge up 8.6%), although every region except Greater London has seen some sort of price rise. Rightmove is predicting an average asking price increase of around 1% this year – about a third of the rate of inflation.

RICS members concur in their latest Residential Market Survey that the short-term outlook for prices is broadly flat. The number of new-to-market properties has now been declining for 22 months in succession and, contrary to the usual laws of supply and demand, low stock levels in a country with a severe housing shortage do not always support dramatic house price increases. Most would-be buyers are not in the market, as their own property is not yet on the market. It’s a vicious circle that is broken when people put their faith in their agent to deliver results. Only then can wonderful things can happen!

Latest Properties

Pound Lane
COM_EAPOW_NEW

Pound Lane, Canterbury

£475,000


3    2    1   
Riverside Close Bridge
COM_EAPOW_NEW

Riverside Close Bridge, Canterbury

£152,500


2    1    1   
Pound Lane
COM_EAPOW_NEW

Pound Lane, Canterbury

£490,000


3    2    1   

Customer Reviews

  • I just wanted to write to say how much we appreciated the help of your excellent staff with the sale of my mother’s flat. When telephoning or emailing, we always met with efficiency and courtesy. So thank you to you and your staff for their professional and excellent service. We shall certainly recommend your firm to anyone we know about to sell their house."
  • Thank you so much for all the advice, help and support you gave me. I really appreciate your fantastic service."
  • Thank you to all the lovely people at Charles Bainbridge for all the friendly, efficient service and for always going the extra mile."
  • Obviously this is a very professional business, but unlike other estate agents I have experienced I felt able to trust you and to feel confident that you did wish to obtain the best results for me. I was impressed by the thoughtfulness and kindness of both Charlie and Paul."
  • You went out of your way to help me. It is the best experience I have ever had with any company in any sector. Thank you."
  • Thank you all so much for your hard work and support. It’s amazing what you did within a few months"
  • It was sad to sell my childhood home, but made much easier having you on board, it was a faultless service. Thank you."
  • Charlie and the team were excellent at keeping us informed during the process and provided excellent contacts for related services. I would definitely recommend Charles Bainbridge Estate Agents to anyone buying or selling."
  • Your local knowledge and thorough service at all stages was first class, so much better than well-known national firms."
  • A superb experience all round"
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We are delighted to have been recognised in national award programmes on three separate occasions in recent years.

Get In Touch

If you would like further information on any of our services, to arrange a valuation or would just like an initial informal chat we would be delighted to hear from you. Please use the details below or the contact form here.



1 The Bakery
47 Broad Street
CANTERBURY
Kent
CT1 2LS

01227 780227

sales@charlesbainbridge.com

lettings@charlesbainbridge.com

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