REVEALED - Postcodes in Bucks likeliest to see house prices rise or fall as Britain leaves the EU
The impact that Brexit could have on house prices across the county has been revealed.
Property price forecaster Propcast has analysed the performance of 10,412 property sales after Britain left the EU on January 31 and has examined the strongest and weakest performing postcodes.
The analysis has revealed the 14 per cent of homes across Bucks are expected to see price rises. Across the county, the best performing postcode districts are as follows:
1 – HP6
2 – MK11
3 – LU6
4 – MK10
5 – MK12
6 – HP15
7 – MK6
Conversely, 14 per cent of properties are expected to see a price drop. The worst performing districts are:
1 – SL0
2 – SL7
3 – RG9
4 – K17
5 – SL2
6 – HP18
7 – LU7
The remaining 72 per cent of postcode districts are expected to remain static, with little or no change in buyer demand.
Gavin Brazg, Founder of PropCast, said: “Although some postcode districts do retain the upper hand in Buckinghamshire, sellers still need to position their asking price competitively against other similar properties for sale if you want to attract multiple offers and achieve the best possible price.
“Ensure your estate agent is implementing the best selling strategy for your local market. Meanwhile buyers currently on the fence about buying in these areas should get their offers in as soon as possible.
“For those living in postcode district expected to see price falls, try not to be too down heartened. There are numerous factors why this happens, which are usually symptomatic of each other. When buyer demand in a particular area consistently drops or houses are left on the market for too long (usually because of the decrease in demand), homeowners will often be advised to lower their house price (or their expectations) in order to make a sale.
“The best way for sellers to strengthen their position in a falling market is to price conservatively from the start and choose a local, trusted estate agent who truly knows the market and how best to position your home within it for a fast sale.”
Bucks Free Press
Hillingdon & Uxbridge Times
Bucks Free Press
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Last updated by System Admin on 27th August, 2018