2016 continues to be a year of shocks and surprises…
The latest of which is the lowering of the interest rates in August by the Bank of England. Whilst the impact will only be felt by savers or those lucky minority with a tracker mortgage without a collar, the big question is likely to be the effect on house prices:
House prices continue to rise, even post Brexit and particularly in West Oxfordshire where the imbalance in supply and demand is particularly acute. Interestingly, I stumbled across the staggering increase in value of flats in Witney over the last 6 months (+29%) significantly outperforming price rises across the South-East (+8%) and even Oxford (+15%).
For the full picture or to request a no-obligation sales or letting valuation, please call the award winning Martin & Co Witney office on 01993 708638.