Maidenhead Property Articles

Both Rightmove and Findaproperty have both published reports with interesting statistics. They both indicate that the asking price for the new properties that are coming on the market is lower than last month. Righmove shows this figure to be 1.6% down whereas Findaproperty shows it to be 0.5% down.

Both portals have been very downbeat about the asking prices they report to be over £200,000. These figures are significantly higher than the actual amounts paid for the properties that Nationwide and Halifax insist to be around £160,000.

The property market in Maidenhead and surrounding areas of Berkshire and Buckinghamshire still seems to be very buoyant. The online marketing director for Appleton Estate Agents Cookham, Adil Akkus commented: “We are seeing strong signs of return to 2 year ago in the sale market. The letting market is still tough with the lower rental rates but soon it should follow as well. Just take a look at the local printed media, and the property advertising section. When the market bottomed, this section was down to half the size but now it seems to be back to its old size”. Adil stressed: “We have never reduced our advertising even at the toughest times. This shows our commitment to our landlords, and our commitment to marketing their property in the best way possible, which the local printed media forms a key part of”.

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The Bank of England has decided to keep the interest rates unchanged at half of one per cent for the eighth consecutive month.

They also agreed to put an extra £25 billion into the British economy in their quantitative easing (QE) programme.

This amount brings the to £200 billion on Quantitative Easing measures. The quantitative easing involves printing money to buy assets from banks and other companies to stimulate the economy.

The executive director of Appleton Estate Agents Marlow commented: “This is not good news for the savers (especially the elderly and the pensioners) but good news for the real estate market. This will not only help the first time buyers but will also help bring back the rental prices up inline with where it was a couple of years ago”.