Property prices are on the rise – Is your home?

Peter Higham, director of Gascoigne Halman, said houses worth £200,000 are selling at very fast rate with the market for homes worth £1m or more has seen a real improvement.

He said: “Because it was a particularly hard last two or three years we’ve seen change because the market below has been a lot better and we have had very good sales which has moved people onward and upward.

“A person selling a £600,000 – £700,000 property asking ‘should I move upward?’ has now got more confidence in the market.”

Peter said houses worth £1m plus usually stay on the market for no more than six months.

He said: “It’s all about presentation. Ask the right price and it will sell.

“In the past many people have pushed some of the prices but this year I believe people have been more sensible in their approach to selling so homes have been selling quicker.”

Peter said the market at the lower end of the price range is even stronger especially for properties priced between £200,000 to £800,000.

He said: “There’s a lack of supply at the moment. When people are looking to buy there is a lot of competition from other buyers because of this lack of supply.

“The more people sell the better the market will become.”

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