Property Market On The Up?

The two leading, and best-known, property websites are both reporting positive news for the market.

Zoopla (who also the own the third most widely recognised brand Primelocation) report that house sales in 2014 were at their highest level since the credit crunch.

More than 1.2 million sales completed on homes worth £40,000 or more during the year. In 2007 there were 1.6 million, but by 2009 this figure had dropped to less than 900,000.

Rightmove say that their site attracted the most-ever page views in a single day on Sunday 11th January. This, alone, indicates that plenty of people are at least thinking about moving, perhaps fuelled by recent changes to stamp duty which make the process cheaper for most buyers.

Whether or not the impending election will have a detrimental effect is as yet an unknown factor, but the availability of retirees’ pension pots later in the spring could, in time, spark a fresh burst of demand from buy-to-let investors wanting to maximise the return they can achieve from their hard-earned savings.<