Red Squirrel Property Shop

Moving to the Isle of Wight? Here your top tips on discovering its beauty & what to consider

 

Discover on the south coast of England, the Isle of Wight boasts stunning natural beauty, rich history, and a relaxed island lifestyle that attracts visitors and residents alike. If you're considering a move to the Isle of Wight, we have the best tips and information for you.

In this blog, we’ll explore the reasons why you might want to make the move and offer insights into things to consider when relocating to this beautiful island.

On the 14th of September 2024 Red Squirrel are hosting another black-tie event at Yarmouth’s Royal Solent yacht club in memory of Zoe Panayi.

This is raising awareness of what happened to late Zoe Panayi and to make everyone aware of Zoe’s Law. Zoe lost her life to Melanoma at the young age of 26,

leaving behind two young boys and a loving family. Unfortunately, Zoe experienced negligence, this is why we are working hard to help save other lives.

Summary

  • House price inflation down -1.1%, compared to +7.2% a year ago
  • New house sales agreed up 17% year-on-year
  • House price falls levelled out as sales improve
  • Mortgage regulations a key element to support modest price falls in 2023
  • First-time buyers are largest group of would-be movers in next 2 years (40%) followed by people up-sizing (34%)
  • Almost half of buyers living in southern England (24% of total buyers) looking to move to find better value for money
  • Property prices to fall around 2% during 2024
  • On track of 1m completed sales in 2024
  • 8.8% average mortgage stress test for new borrowers
  • Still 10%+ overvalued market

 

Q4 2023 sales performed well, including prices falling

The final weeks of 2023 recorded 17% higher sales than a year ago, also ahead of 2019 levels. Due to rising incomes and lower mortgage rates, along with an increase in supply boosting choice and supporting sales. It’s clear that buyers and sellers are more aligned on pricing now, which has reduced the downward pressure on values. As of December 2023 the price decline was -1.1%, which is down from +7.2% a year ago.

January things to do on the Isle of Wight 2024 Guide

 

Here is your top guide on things to do this winter/spring on the Isle of wight. Beat the Christmas blues by taking advantage of the island’s stunning nature, beaches and heritage. This time of year there is also plenty to do for great value perfect for families!

Due to the cost-of-living crisis people this winter are struggling to spend large amounts on electricity and gas bills in their own homes, especially with the drop in temperature in the last month! Here are some simple tips which could help you save money and trim your bills.

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