Our message remains – ‘if you want to move, get into the market now, there are some great opportunities for buyers’. In our view, the uncertainty of the Brexit remains an opportunity for committed buyers – uncertainty = opportunity.
After a summer of catching breath, the markets have reopened and are trading effectively both in London and the Country, although activity levels are down significantly in both.
It is great to be out and about again seeing some fantastic houses. In some areas and sectors, that stock is likely to be limited.
We don’t expect much movement in price over the next 12 months. Quite clearly the London market has plateaued, and supply should match demand in most sectors. Without doubt, there are good deals to be done. Our advice to buyers – get active now.
Prices have stabilised in London and should remain relatively stable across the UK.
Those looking to move from London to the Country are still being presented with a once-in-a-generation opportunity to swap a moderate London property for a spectacular rural home. If you are planning to make the London-to-Country move in the foreseeable future, depending on your circumstances and position, you want to get on with it.
Vendors have absolutely no excuses for asking excessive prices. 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.
The property market is about people, and people have to move house – there are now over 5 million properties that might have been expected to change hands since 2007/08, which haven’t. Mainly because they haven’t come to the market.
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’.
If you are selling and buying, start looking for your new home now, and certainly from the moment that your current property goes on the market. (If you want help getting a good local estate agent round to ask their advice on selling your property, just contact us and we will put you in touch).
On the assumption that most people have to buy AND sell a property, 2016 remains a good time to be moving. And for those living in London, a generational opportunity to buy that home in the Country.
To hear more, contact us and our local offices.