The housing market is buoyant presently with house prices hitting all time highs in most areas but is now the best time to buy a property or is it better to wait to see what happens to property prices over the next few months?

The higher house prices seem to be affecting first time buyers more than those who have a house to sell. This is simply because if you are already on the property ladder your property will probably have increased in value at the same rate and the one you are looking to buy. Getting a mortgage is also becoming a challenge unless the prospective buyers have a large deposit to put down. For first time buyers then it may be wise to wait a few months to see what happens to the property market.

For those with a property to sell, the decision to sell and buy now depends on the value of the property you own and the one you seek to purchase. If they are of a similar value, perhaps just in a different area, then it will not make much difference, you will just need to factor in the buying and selling costs and legal fees that are a necessary part of this process.