Comment from James Greenwood of Stacks Property Search
“If we were hoping to wake up to ‘strong and stable’, and some political and European certainty to get a sluggish property market onto its feet, it seems we have to wait a little longer.
So where does that leave us?
In London, prices are approximately 20% lower year on year. We expect buyers, especially overseas investors who will take advantage of a suffering pound, to take advantage of this window that will almost certainly remain open until we have some answers to the Brexit question.
In rural areas, prices have been steady for some time, offering sellers and buyers a stable market to operate in with no volatility to contend with. There has been plenty of opportunity for good negotiation. There is a severe lack of stock in many parts of the country, so good property is selling well. But we don’t expect much price movement over the next year. The politicians have given vendors no reason to start raising prices!
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.
The great thing about property is that it transcends political cycles. The important thing is to arrange transactions consecutively to proof against external factors. We have seen many clients make a move through the upheaval of the Scottish Referendum, 2015 Election, EU Referendum, US Election – to be in the house that works for them and their family and their life.
So our advice to those who were hoping for some certainty so they could get on with their move is, ‘get on with it’. If you want to move, don’t hesitate, start making arrangements now.”
For more on how your local Stacks Director can help get your plans moving, get in touch via Our Offices.
As seen on :
www.LifeAfterLondon.com : Election Property News
www.PrimeResi.com : Hung Parliament – The Property Market Reacts
www.thisismoney.com : What next for the Property Market?
For more on Brexit & Article 50 : Hamptons Research Reports
Our message remains – ‘if you want to move, don’t hesitate, but start making arrangements to get into the market now. There are some great properties out here at good prices.’ In our view, the uncertainties of the Brexit vote, a Trump Administration, Article 50, a potential Scottish Referendum etc. etc....
Market Comment Spring 2017 by Property Experts Stacks Property Search Our message remains – ‘if you want to move, don’t hesitate, but start making arrangements to get into the market now. There are some great properties out here at good prices.’ In our view, the uncertainties of the Brexit vote and a...
With the myriad of house styling shows, one would think that everyone was wise to the styling ticks that encourage a positive house viewing experience, but Stacks property finders come across many people who are housebuying flibbertigibbet – ie finding it difficult to commit to a property purchase because they...
The importance of Cycle Routes to buyers is on the rise, especially for London househunters. London is becoming increasingly cycle friendly. Initiatives introduced by Boris Johnson when he was Mayor of London are encouraging commuters off public transport and onto two wheels. TfL estimate a 5% year on year increase in cycling...
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