The Huntingdon Housing Market

The housing market has been through a turbulent time in recent years with house prices falling and large numbers of Estate Agents closing there doors. The average price of properties locally fell slowly again over the year in 2009 but has since recovered a little in 2010, though the actual numbers of houses sold remain on the low side. Currently the average price for properties in PE29 is £91,500 for a flat, £129,000 for a semi-detached and £192,000 for a detached house, which is about 8% up over the last year.

One of the biggest problems in the property market is for first time buyers and for them to get onto the property ladder. Banks no longer give 100% mortgages indeed buyers at more likely to need to put up between 20 to 40% as a deposit. This reduces the number of new people entering the market and therefore slows down the movement of properties throughout.

The removal of HIPS (Home Information Packs) as aided the market a little as this has removed a barrier to people putting properties on the market in a speculative way. So there is more choices of properties out there but the are still too few buyers. All this means that the market is perhaps more stable than it has been in recent years but that movement of properties is still slow.

Great place to check house prices in our area or to check the price of your house and to find out if prices are going up or down local is to check out the BBC House Price Checker. Just enter your post code or town and get instant results. It's actually great fun. I played with check house prices all around the country. Just dreaming, Mayfair and the Highlands of Scotland.

Best local agents to try if you are looking to buy are Malcolms, Peter Lane and Partners and Harvey Robinson. Or you can of course check out the listings on Huntingdon People by clicking the link at the top of the page.

If you are looking for a solicitor to take you through all the legal paperwork in volved in buying or selling a property, local reliable options are Copleys or Winters both on the High Street or check our directory for a full list of local solicitors.