Roger Parry & Partners

Positive Signs for those considering selling their property

Published on 26-10-2018 by Sarah Jones

positive signs for those considering selling their property
With the Bank of England predicting the housing market is set to remain stable and house prices to rise into 2019; Roger Parry & Partners say this is a positive sign for anyone considering selling their property in the near future.

Every three months, the Bank of England Monetary Policy Committee (MPC) forecasts the likeliest path for growth in the UK economy over the next two to three years in its Inflation Report. Based on a mid-range outcome for Brexit, the MPC’s latest forecast for housing, across the UK, is that mortgage approvals are projected to remain stable and UK house price inflation is expected to rise by a little over 3% by mid-2019. The MPC also thinks that GDP (Gross Domestic Product) growth in the UK will stay around 1.5-2% over the next two-three years, meaning interest rates may rise, but only slightly at 1.25%.

Mark Hudson, Sales Negotiator for Roger Parry & Partners said, “The latest news coming from the Bank of England is just what potential sellers want to hear right now. It shows confidence in the current housing market with positive signs that house prices will rise going into the new year.

Mark continued, “Over the past few years, the market has been stable, with mortgage approvals remaining unchanged since mid-2016 despite low interest rates. This is a positive sign from the Bank of England, despite the uncertainty of Brexit in 2019.”

If you looking to sell your property and would like to use the professional estate agency services of Roger Parry & Partners to help sell your property, please contact the Shrewsbury, Oswestry, Welshpool or new Llanidloes office.

Shrewsbury Residential Office

Shrewsbury Residential Office

Welsh Bridge
Frankwell
Shrewsbury
SY3 8LG

01743 343 343

shrewsbury@rogerparry.net

Shrewsbury Agricultural & Professional Office

Shrewsbury Agricultural & Professional Office

Hogstow Hall
Minsterley
Shrewsbury
SY5 0HZ

01743 791 336

mail@rogerparry.net

Oswestry Office

Oswestry Office

The Estates Office
20 Salop Road
Oswestry
SY11 2NU

01691 655 334

oswestry@rogerparry.net

Welshpool Office

Welshpool Office

1 Berriew Street
Welshpool
Powys
SY21 7SQ

01938 554 499

welshpool@rogerparry.net

Llanidloes Office

Llanidloes Office

1 Great Oak Street
Llanidloes
Powys
SY18 6EQ

01686 449 222

llanidloes@rogerparry.net