Andy & Tristans January Northampton market update
Hello & welcome to our January Sales & Lettings market update for Northampton!
We're Andy & Tristan Estate Agents and if you’re looking to buy, sell, let or rent in Northampton then this blog is definitely for you!
Last year saw house prices grow by up to 5% in Northampton although this is not anticipated to continue growing at this level this year
We believe despite all the doom and gloom in the press, the Northampton property market will remain positive and here’s why…
We started 2022 with a 2 year fixed rate at 1.11% which we are unlikely to see for a very long time
However, compare this to the peak of 2022, some lenders were offering this for over 6%!
Whereas the current headline rate sits at 3.74% and having spoken to a number of brokers, all remain positive and they expect rates to continue to fall and remain competitive.
More positive news for the rental market with rents up by 11% last year compared to 2021
And we continue to see demand outweighing supply meaning we expect this to continue increasing.
In February we will be launching ‘The Northamptonshire Property Podcast’ your go to podcast for the Northampton property market!
This will include industry experts sharing their views and advice, breaking industry news as well as local information, plus much more so make sure you keep tuned!
Thank you very much for reading this blog, if you have any questions, then please get in contact.