Autumn 2013

As the Autumn progresses, Spring is in the air! We tend to be very dubious about what we read in the papers, as often the reality of the market and on the ground is somewhat different. However, many seem to be entering the Autumn market with a more bouyant mood and attitude.

But is there a bubble? Of course, the answer is yes AND no. In prime Central London and Prime Residential London, it’s gone nuts. A 30% rise in achieved values compared with the same time last year makes limited economic sense. But as my Economics Professor said, ‘if you want to make money, study Psychology rather than Economics.’

Outside this bag of postcodes, the UK property market remains very STEADY. The biggest impact on value is inflation, which many believe to be considerably higher than the measures used by the Bank of England, so values outside Central London are generally continuing to match or being eroded by inflation.

Central London and not-so-Central London have defied all expectations so far this year. Prices are continuing to rise and properties are selling fast. Not so the rest of the country – and those looking to move from London to the Country are being presented with a once-in-a-generation opportunity to swap a moderate London property for a spectacular rural home. If you planning to make the London-Country move in the foreseeable future, you want to start getting ready now.

From a buyers point of view, vendors have absolutely no excuses for asking excessive prices now. Vendors, please, please, please no more silly asking prices. Speak to your local estate agents. Trust their judgement as to the price your property will sell at.

However, there is not alot of property available, and competition for limited good stock can be fierce both in London and the Country. But buyers should not be over-enthusiastic – paying over the odds should only be considered on the very best in class. However, at last, a trickle of the Quantative Easing cash seems to be making it’s way through – buyers are finding it a little easier to secure mortgages with reasonable rates and terms.

There is a real divide between London and the rest of the country. As forecast, internal domestic intra-London activity is strengthening with strong demand building for family homes and flats in the residential areas of London – for example, the Nappy Valleys of SW London are seeing properties at all levels sell fast.

We are seeing continued activity in the Country. There is money from property sales coming out of London and making it’s way into the Country – and we expect an increase in Londoners cashing in on good London prices and moving to the country over the rest of the year. As usual, the M3/M4/M40 corridors and the West Country are strong. We see no dwindling in demand for quality Country property.

The property market is about people, and people have to move house – there are now over 3 million properties that might have been expected to change hands over the last 4 or 5 years, which haven’t. Mainly because they haven’t come to the market.

A great many houses are potentially for sale, but not on the market, and there are unlikely to be as many properties openly available for sale as people expect. However, the suspension of HIPS’s has allowed agents to go back to the time-honoured practice of ‘marketing quietly’ e.g . seeing what interest there may be in a property, without going to the expense of marketing and brochures.

The clever vendors are aggressively marketing their houses with good agents at the right price – a keen, competitive, fair and reasonable price. Our advice to sellers would be – ‘be realistic’. There is little point in hanging out for top price – you won’t get get it – you will wait and wait – and wait.

If you are selling and buying, start looking for your new home the moment your current property goes on the market. Proactively seek out what you want and, when you find it, negotiate firmly (which may enable you to drop the price on the house you are selling).

On the assumption that most people have to buy AND sell a property, it’s a good time to be moving. And for families living in London, a generational opportunity to buy in the Country.

To hear more, contact us and our local offices.

James Greenwood

You may also be interested in

view more

The Times, 16/02/2024

Is this really the most depressing town in Britain? Quoting Clare Coode of Stacks Property Finders Clare Coode, of the property search agency Stacks, says there is high demand from people looking to relocate to Falmouth: “As a buying agent I have never had more inquiries for a town, both from those looking...

Corby, Kettering, and Wellingborough Regional Information

Help and advice on buying property in Corby, Kettering, and Wellingborough and the surrounding villages The area in and around Corby, Kettering, and Wellingborough is a stunning part of the secret shire of Northamptonshire. Brimming with history and surrounded by spectacular countryside, you can get a lot for your money house-wise,...

Daventry Regional Information

Help and advice on buying property in Daventry and the surrounding villages Daventry is a small market town set to the west of Northamptonshire. The historic heart of the town is in a conservation area and several of the buildings along the high street and its offshoots date back to the...

Brackley Regional Information

Help and advice on buying property in Brackley and the surrounding villages Hidden in the heart of England, the pretty market town of Brackley is nestled between the eastern edge of the Cotswolds and the ‘secret shires’. With a population of roughly 15,000 and growing, it provides its inhabitants with a...

Start your property search today

Call us on +44 (0) 1594 842880 or complete the form below

    Your Details

    Your property requirements:

    SoldThinking of movingOn the marketExchangingIn rented accommodationCash buyerIn need of helpOther

    We will never share your details with a third party. For more information about how we handle your data, please see our Privacy Policy

    How we can help you
    View our services

    When making probably the most important financial decision of your life, it pays to have the right advisors at your side.

    “You showed fantastic attention to detail, anticipated all eventualities, and provided timely and practical help and guidance every step of the way.  Above all, you supported me in making my own considered decisions, and I am so grateful to you for all your help in getting me to where I am now!”

    “We firmly believe that without Rachel and her skilled negotiation we would not have secured the property.”

    “We felt they genuinely wanted to help.”

    “Stacks’ performance on this assignment has been absolutely outstanding and more than met my expectations. Her understanding of the brief and the ‘after-find’ service set a standard of professionalism that I have not met before.”

    “It is not often that one is pleased to part with money but I can truthfully say that I am on this occasion. You have earned every penny of this cheque and what is more, you have done it with great courtesy and good humour. It has been very pleasant working with you. You really did take most of the stress out of our house hunting.”

    “Encouraging me to think creatively about what could work for me.”

    “Finding a plot not yet on the market and persuading the developer to enter into an exclusive contract with me to build to my specification.

    “I was impressed by the efficient, kind and courteous service provided by Stacks”

    “Stacks were a tremendous help and we would never have found our home without them. She is a lovely person with a great sense of humour which was essential during some of our tricky negotiations

    “You gave a much-valued ‘younger’ perspective on our situation, which was a real asset”

    “We found the service extremely helpful and professional at all times”

    “I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future.”

    Subscribe to our newsletter

    Receive updates about the world of property, straight to your inbox.

    * indicates required