Many of our customers are buying doors for homes they have recently purchased or sometimes we have customers who are buying new doors with a view to selling their property and making it more appealing to the buyer. This means we often talk about the state of the housing market and we exchange views on whether we are seeing the rises in house prices that are being reported by the leading mortgage providers.
In the news we have seen reports of increases in house prices in London over the last year of around 16 per cent. Among the reasons behind this surge in property prices are the low inflation rate, lack of housing available and the 'Help to Buy Scheme'. The property boom does not extend throughout the UK and different regions are experiencing different levels of increases. Doorsan is based in West Yorkshire and in this area it is estimated that house prices have risen by about 7% in the last year. For most areas the increases in house prices are not matched by wage levels, which is a concern for affordability, especially for first time buyers. An increasing number of people in their 20's and 30's are unable to leave the family home to set up on their own and parents are often carrying the burden of housing their children.
Since the banking crisis in 2008, the banks and lenders have been more careful with offering mortgages to buyers. This has affected the ability to buy for many people.
Forecasts for the future vary depending who you ask but it seems that most people are expecting that house prices will continue to rise for the next few years, however others suggest that a crash may be imminent due to the lack of correlation between property prices and wage rises.
Whether you are buying or selling your home, if you are looking for new doors to improve the look of your home then you should take a look at the Doorsan website where you will find a wide range of quality wooden doors for both Internal and External applications.