As a general election is announced with just six weeks’ notice, Sowerbys Sales Director offers Norfolk industry insight and advice for those looking to sell their home.
Will Lightfoot said: “Now is the time to act. An early election, allied to falling inflation and some falling mortgage rates bodes well for the market.
“Our advice to sellers and those thinking about moving is to take advantage today.”
The election announcement came following news that UK inflation rate has fallen to the lowest in three years at 2.3% in the year to April.
While this remains higher than the Bank of England’s target 2%, the bank has hinted that interest rates could be cut this summer.
Rates are currently at 5.25% - the highest level in 16 years.
Will said: “An anticipated drop in interest rates further indicates excitement in the market.
“Our advice is to put yourself in the driving seat; stand out as a seller early, secure a buyer and make yourself all the more attractive as a buyer yourself, with a secure chain and ready to proceed.
“We have a jam-packed summer ahead with sporting events such as the Euros and Olympic Games, alongside the usual buzz of holidays.”
“Our teams are focused on getting the best results for our sellers before the ‘Summer of distractions.”
Anyone looking for advice is encouraged to chat to our friendly team in branches across the county.
You can also get an instant valuation of your home via our instant valuation tool here.