Bexley Borough Property Values increased by 16% in 2015 – where are they heading now?
Bexley Borough property values rose by 16% in 2015, outperforming the national average of 12%. Bexley Borough featured among the top 10 performing areas in England. I expect future property price growth to remain firm, built on the foundations of an improving labour market, strengthening economy and very low mortgage rates. From talking to other agents, mortgage arrangers and solicitors in the area (all of whom have their fingers on the pulse of the Bexley property market), I know that the steady long term growth in Bexley property prices is likely to continue. So far, demand has been strong, while there remains an underlying lack of supply and an ongoing low mortgage rate. As all my blog readers know, I like to give a balanced and honest opinion, so I would like to highlight a couple of key points: low interest rates and a lack of supply. Interest rates - In a speech at Lincoln Cathedral Mark Carney, Chief of the Bank of England, said that the Bank would seriously ...