Flintshire Market update November 2022
Following on from a few things I’ve said in the video above one of the main things to remember if you feel your property has dropped in value is this - it’s not just your house that’s gone down in value! If you are buying on, it’s all relative and it’s likely you won’t pay as much as you would have done 6 months ago on your onward purchase.
I often come across panicky vendors in a falling market saying
“I’ve lost 10,000 on the value of my house”
Bear in mind you haven’t lost anything because unless you only bought within the last 12 months and are now selling at a loss you didn’t have that money in the first place! It’s a fictional figure and maybe you could have got a little more for it six months ago but maybe not. Remember, in the end, theres only ever one buyer for every property - your buyer may just be in the market right now!
The main thing to remember is property is a long-term investment and if you’re buying a home to live in for the next 5,10 or 20 years then it will inevitably go up in value.
Hope that helps and gives you some insight into the current market conditions.
If you are thinking of selling over the next few months, then click here for our valuation options.
Ben Roberts
Managing Director
Keystone Property & Mortgage Centre
t: 01244 836636 e: ben@keystonepmc.co.uk
a: 117 High Street, Connah's Quay, Flintshire CH5 4DF
w: www.keystonepmc.co.uk