We at Mulberry Homes have been pleasantly surprised by a recent bump in the housing market that suggests to us that now is a good time to make enquires.
According to Halifax, house prices rose by 1.1% month-on-month for February, which represents a significant improvement from January when prices rose by only 0.2%.
This bump in house prices is indicative of increased consumer confidence in the house and mortgage markets, which is an encouraging sign of future stability.
The bump also follows a recent downward trend in mortgages rates after a large UK high street bank launched a new fixed rate at 3.99%. This rate represents a steady decline over the last few months, as back in October of last year the lower end of fixed rates was holding at around 6%. The rates are trending in a positive direction for potential homebuyers and this is expected to continue.
Kerry Jones, Sales and Marketing Director at Mulberry Homes, said: “We were very pleased to hear the news that consumer confidence in the housing and mortgage market is on the rise.
“Our mission has always been to connect house hunters with a home that is perfect for them, so any improvements in the market that make that journey easier for consumers is excellent news. We are always on hand to answer any of our customers’ queries throughout the entire buying process, so don’t be afraid to ask us any questions you have about what changes in the market mean for you.”
To find out about our available homes, visit https://mulberryhomes.co.uk/developments/.
