{"id":2800,"date":"2023-03-28T19:21:08","date_gmt":"2023-03-28T18:21:08","guid":{"rendered":"https:\/\/www.craneandco.co.uk\/pages\/?p=2800"},"modified":"2023-03-28T19:21:08","modified_gmt":"2023-03-28T18:21:08","slug":"march-2023-market-comment","status":"publish","type":"post","link":"https:\/\/www.craneandco.co.uk\/pages\/march-2023-market-comment\/","title":{"rendered":"March 2023 Market Comment"},"content":{"rendered":"

Following the budget-related shock at the end of 2022, we\u2019ve seen an incredibly strong start to the year, once again proving the resilience of the UK housing market.<\/span><\/h3>\n

Indeed, according to the Halifax, nationally house prices rose<\/em> 1.1% last month, (despite economists\u2019 forecasts of a 0.3% drop), with annual house prices now up 2.1% on this time last year.<\/p>\n

And the great thing about property investment is fourfold:<\/p>\n

    \n
  1. Property has proven over the decades to be a steady and reliable medium- to long-term investment.<\/li>\n
  2. Capital returns on a principal residence are usually tax-free,<\/li>\n
  3. You have to live somewhere<\/em>, so you might as well enjoy the tangible benefit of living and sleeping in your investment.<\/li>\n
  4. It\u2019s easy to gear up the power of your investment by using the bank\u2019s money.<\/li>\n<\/ol>\n

    Importantly, it\u2019s the number of properties currently available for sale that should be of interest to buyer and seller alike, especially when these are converting to sales agreed. Not only are we now handling the sales that would have been arranged at the end of last year, but spring seems to have arrived early, as nearly double the number of people put their property on the market at the end of last month than did so at the beginning of the year.<\/p>\n

    Although this sudden increase in supply has exerted slight downward pressure on prices, this is to be expected and there is certainly no crash on the horizon, as some claimed there might be only a few months ago. Don\u2019t forget, for most people who are moving, even if they have to drop a bit off their sale price, the chances are that they\u2019ll make this up on their purchase. The main thing is that the problem of scarcity of supply has now substantially eased, paving the way for a very healthy \u201cnormalised\u201d market.<\/p>\n

    And this is where good agency kicks in. We are now back in a place where incisively correct valuation, combined with a proactive and creative approach when working with well-qualified buyers, comes into its own. We love this market, because we can really demonstrate that our rigorous and results-focused negotiation skills result in sales, so people can get moving.<\/p>\n

    If you\u2019re considering a move, or if you\u2019re currently stuck on the market wondering what\u2019s happening, we\u2019d love to help \u2013 why not call us today and let us show you what we can do \u2013 you might be pleasantly surprised! \u00a0\u00a0<\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"

    Following the budget-related shock at the end of 2022, we\u2019ve seen an incredibly strong start to the year, once again proving the resilience of the UK housing market. Indeed, according to the Halifax, nationally house prices rose 1.1% last month, (despite economists\u2019 forecasts of a 0.3% drop), with annual house prices now up 2.1% on […]<\/p>\n","protected":false},"author":3,"featured_media":2801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[3],"tags":[8],"class_list":["post-2800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-advice-from-our-team","tag-advice"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/2800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/comments?post=2800"}],"version-history":[{"count":3,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/2800\/revisions"}],"predecessor-version":[{"id":2804,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/2800\/revisions\/2804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/media\/2801"}],"wp:attachment":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/media?parent=2800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/categories?post=2800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/tags?post=2800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}