2018 starting well
The 2018 UK property market is starting to shape up well.
There are any number of reasons that many home-owners will continue to do nothing and stay put.
Bu the smart money will be on those buyers and sellers who see a stable market, with good opportunities for negotiation.
There is some concern that the market may be thin, with a lack of stock in some some parts.
But one thing is for sure – prices are going nowhere.
Buyers at the upper-middle/top end of the market have just got to accept the ‘new normal’ Stamp Duty rates – and vendors are going to have to continue adjusting their prices accordingly.
We reckon that there are over six million households living in the wrong property, many because they are anxious about moving home in these politically and economically uncertain times.
Historically the property market stagnates temporarily as we wait for general elections, Budgets, and other major political events. But since the Hung Parliament of 2010 we have been in a permanent state of political flux, and there is no end in sight. A big question mark hangs over the May-led Government, and there will be no real resolution to the Brexit issue for several years.
Of course, it’s not these events in themselves that stop people buying and selling; it’s the fear of the unknown, which might affect finances, jobs and property prices.
Fear makes us more tentative.
For those who, have a real need and/or real desire to buy, or sell and buy, our best advice is to accept that abnormal is the new normal and start the process.
The alternative is to go on putting your life on hold for years.
There are too many people living in the wrong house.
Our clients who have made a move in the last few years are happy and settled, and getting on with their lives.
The market has been relatively stable, and there has been plenty of opportunity for good negotiation.
To discuss your plans, please contact us or speak to our local offices across the UK.