There are a wide range of different factors which can have an impact on house prices, both positively and negatively. Understanding these factors can help you
to enter the housing market armed with the knowledge you need to get the best deal possible.
As with all commodities, house prices are underpinned by the laws of supply and demand, which can fluctuate. It is, therefore, important
to keep an eye on the overall state of the property market, which you can do easily by consulting the Rightmove
House Price Index.
When it comes to individual properties, house prices are determined by a combination of many different factors. The oft-repeated mantra of "location, location, location" is still one of the most important factors when it comes to valuing a house - not just the geographical location, but also its proximity to key amenities and facilities.
Aside from the bricks and mortar of the property, the next important factor is the interior use of space. Some of the more important considerations are: