Yesterday afternoon was the first time this year that it I was actually unable to take the external pictures of a house – It was absolutely chucking it down!
I got some smashing pictures inside of this house, If I manage to get some good external shots it should be live next week.
Simon

More news today from the Nationwide, I have enclosed the housing market figures below

Rightmove's April House Price Index finds that sellers have finally recognised that a decade of rising prices has come to an end. With average asking prices rising below the level of wage inflation and Bank of England interest rates of 5% compared to 5.75% a year ago, buyers with cash or reasonable deposits are now able to get more home for their money. However, Rightmove's detailed figures highlight the challenges the housing market faces and reinforce the need for the Bank of England's anticipated measures to further improve buyer affordability and confidence.

The annual rate of increase in asking prices has suffered a substantial fall from 5% to just 1.3% this month, the lowest year-on-year increase since July 2005, when price rises stalled to virtual standstill at +0.2%.

Average unsold stock per estate agency branch has risen from 67 to 70, giving buyers the highest levels of choice we have measured at this time of year. Time on the market has risen as well, from 82 days to 85 days over the last month, by far the highest we have measured at this time of year. Sellers will thus need to set their initial competing price competitively, and also be prepared to negotiate.

First time buyer affordability has been boosted by the prices of flats, terraces and
semi-detached homes all falling over the last month.

Average asking prices fell by 0.1%, the first fall ever recorded by Rightmove in April; since 2002 the month has seen an average rise of 2.8%. The change in seller behaviour indicates a speedier market recovery could be feasible with co-ordinated action by all relevant stakeholders, including the Government, the Bank of England, lenders, sellers and agents to improve buyer affordability by reacting more quickly to the new market conditions.

With annual asking price growth down to 1.3%, and average earnings growing at 3.7%, buyers with their financing in place will find that their purchasing power has now improved over the last 12 months. This ongoing improvement in buyer affordability is key to market recovery. First time buyers targeting semi detached homes will find them on average 0.3% cheaper than last month, whilst flats and terraces have dropped by 0.5% and 1.1% respectively.

Miles Shipside, commercial director of Rightmove, commented: "Buyers who have saved through the winter and are now emerging to enter the spring market will find there are deals to be had. It's a buyers' market, but only if that buyer is buying for cash or can put down a good deposit. Our advice is to line up your mortgage in advance, because it is harder and more costly to borrow a high percentage. Once that's arranged, be prepared to negotiate hard. It could be a good time to trade up in the market. Likewise, sellers would be smart to look for buyers with a short chain, as there is more chance of longer chains falling apart with mortgages more difficult to obtain."

Rightmove reiterates that without the driver of rising unemployment and significant levels of forced sales, the most likely outcome is market stagnation with depressed

Isle of Wight Homes is a member firm of the National Association of Estate Agents. (You will find that a lot of Island agents aren’t in any association!)
We get a weekly e-mail from the association, I thought you might find it interesting this week & have included it below.
Simon

It's been lovely sunny weather on the Island over the last two days, we even had all the doors & windows open in the offices it was so warm - & now we are told snow is due at the weekend!

Have a good weekend whatever the weather
Simon