RISING HOUSE PRICES – but don't rush, what about the survey?

In terms of rising house prices in the UK, all is looking especially rosy. In fact, nothing like the current increase of the first quarter of 2014 has been witnessed since the boom of 2007.

The Halifax published their lastest property data earlier this month and state that the average house price is now £179,872 – that’s a 7.9% increase in the last 12 months! The property website, Rightmove has subsequently stated even more inflated figures due to a “spring seller rush”.

But whilst buyers look to move quickly and get into a fast-moving market before the inevitable decline commences, Dawson & Associates warns of the importance of a thorough property survey. Whilst we may feel under pressure to secure the best deal, a good property investment can only be achieved if the property itself is solid. There may be urgent works required on your new property that won’t be known unless a Home Buyer Survey is contracted prior to purchase – these issues may affect your decision to buy or they may be a matter of negotiation on the price. But if you don’t carry out a property survey prior to purchase, you may not know until it is too late!

Miles Shipside of Rightmove says that whilst he still expects to view further house-price growth throughout 2014, "A good and plentiful choice of property for sale would limit sellers from getting over-ambitious with their asking prices". 

It is important to remember that the UK always sustains this “plentiful” choice of property. Therefore, there is time to consult a professional for expect opinions… Dawson & Associates provides initial advice for free with no-obligation for further service. An instant quote is available via our website

And we can help you to decipher a whole range of technical property lingo via our online glossary.

Feel free to contact us at any time.

Dawson & Associates +44 1424 882263

www.dawsonsurveyors.com