Market Comment

As predicted, since the reopening of the property market and after a hectic period of Lockdowns , the unprecedented demand for country homes which began last year, continues apace with another rush from town to country this Spring, indicating a slightly earlier market as the Stamp Duty holiday nears its end in June.

Confidence has returned to markets in bucket loads and although 2020 saw a turbulent year for most, mortgages are still cheap for those who qualify. The lure of the country and the ‘new’ work from home lifestyle becoming enshrined like never before, means many families are taking the opportunity to relocate. This, in turn, is closing the price gap between town and country property, which for the last decade or so has made country property look well priced compared to London.

Many people having been confined to their city homes have decided not to wait in relocating to the country, sooner rather than later, so supply yet again will dictate pricing. The vicious circle of those thinking of moving, but seeing nothing to move to on the portals, and so not going to market, is keeping supply very thin, and exacerbating prices which have been reaching challenging heights with a huge influx of capital, mainly from south east and London buyers.

Significant numbers of properties are going to best and final offers with purchasers securing them at 10-20% over guide in many instances. Valuers are finding their tasks confused with a lack of comparables and in many cases reality. A seasoned eye is needed to gauge what price is the right price to pay, and armed with due diligence and a steady hand this is not a market for the faint hearted!

One hopes by late summer the heat may have started to dissipate and those with money burning holes in their pockets will have been satiated, but the feeling is that country property will remain highly sought with firm pricing for the foreseeable future.

Local knowledge, contacts and feet on the ground are therefore key in this challenging market.

In the wider market London prices seem to have steadied in many areas and are beginning to rise with foreign buyers returning. The creation of lots of new money may lead to inflation, which makes bricks and mortar a steady asset class. Borrowing is still cheap, demand is great promising a time of opportunity for purchasers and sellers alike.

So in order to get the most out of the interesting times ahead it is especially important for buyers to undertake thorough preparation and research. Sound buyers with finances and legal advice in place may well be able to make good advantage of an uncertain marketplace. For further help and advice please do contact me for an informal chat on 01300 348100.

 

Happy New Year! Out with the old and in with the new scarcely seems to apply this year as we re-enter lockdown, Lockdown 3, which could last to Easter!

However the property market is open for business and after a hectic period, with unprecedented demand for country homes last year, following on from Lockdown 1 & 2, it seems there may well be another rush from town to country this Spring, indicating a slightly earlier market as the Stamp Duty holiday nears its end.

With a Brexit deal in place, some confidence has returned to markets, and although 2020 saw a turbulent year for most, mortgages are still cheap for those who qualify. With economic uncertainty looking to continue for the foreseeable future, the lure of the country and the ‘new’ work from home lifestyle becoming enshrined like never before, many families are taking the opportunity to relocate. This, in turn, is closing the price gap between town and country property, which for the last decade or so has made country property look well priced compared to London.

Many people having been confined to their city homes may decide not to wait in relocating to the country, sooner rather than later, so supply yet again will dictate pricing.

Over last summer some record prices were achieved but by and large prices have settled with good quality, property continuing to sell quickly and lack of supply starting to rear its head again.

The age old adage applies more so than ever; quality property, realistically priced, sells well; it also seems that the trend of ‘off market’ sales is continuing to be the preferred way of many Vendors who do not want to commit their property to the open market. Local knowledge, contacts and feet on the ground are therefore key in this challenging market.

In the wider market London prices seem to have steadied in many areas and even in Lockdown foreign buyers are returning. After lockdown it is thought this will continue, and the creation of lots of new money may lead to inflation, which makes bricks and mortar a steady asset class. Borrowing is still cheap, demand is great and supply is strengthening promising a time of opportunity for purchasers and sellers alike.

So in order to get the most out of the interesting times ahead it is especially important for buyers to undertake thorough preparation and research. Sound buyers with finances and legal advice in place may well be able to make good advantage of an uncertain marketplace. For further help and advice please do contact me for an informal chat on 01300 348100.

 

The B word impasse having come to an end, a majority government ensuring a return to stability, and wider world wide economic optimism should have lead to tentative sellers going to market, after nearly 4 years of uncertainty. This was beginning to kick start supply and satisfy demand. And then came Covid 19 and Lockdown!

The hoped for increase in supply was starting to appear before the country, and the market, went into lockdown.

The predicted V shaped recovery may turn into more of a U, but if the pre-lockdown demand that was present early this year continues the market may rebound quickly. Many people having been confined to their city homes may decide not to wait in relocating to the country, sooner rather than later, so supply yet again will dictate pricing.

Good quality, sensibly priced properties will continue to sell quickly and recently even those properties that have seemed ‘stuck’ are moving due to the increased sense of optimism.

The age old adage applies more so than ever; quality property, realistically priced, sells well; it also seems that the trend of ‘off market’ sales is continuing to be the preferred way of many Vendors who do not want to commit their property to the open market. Local knowledge and contacts and feet on the ground are therefore key in this challenging market.

For now, London prices seem to have steadied in many areas and political optimism has finally trumped Brexit uncertainty. After lockdown it is thought this will continue, and the creation of lots of new money may lead to inflation. Borrowing is still cheap, demand is great and supply is strengthening promising a time of opportunity for purchasers and sellers alike.

So in order to get the most out of the interesting times ahead it is especially important for buyers to undertake thorough preparation and research. Sound buyers with finances and legal advice in place may well be able to make good advantage of an uncertain marketplace. For further help and advice please do contact me for an informal chat on 01300 348100.

Call James Law to discuss what you are looking for.
Tel: 01300 348100 / 07990 880 164

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"It made a potentially very stressful process very straightforward"
2018-11-21T12:48:37+00:00
"It made a potentially very stressful process very straightforward"
"Encouraging me to think creatively about what could work for me."
2020-02-27T09:49:08+00:00
"Encouraging me to think creatively about what could work for me."
"I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future."
2020-01-13T11:51:03+00:00
"I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future."
"We now own a most suitable house in the position of our dreams thanks to Stacks"
2018-11-21T13:11:13+00:00
"We now own a most suitable house in the position of our dreams thanks to Stacks"
“We want to thank you so much for the very professional and sensitive support you have given us in navigating through the various properties we have considered for investment of our small inheritance.”
2018-11-05T22:55:02+00:00
“We want to thank you so much for the very professional and sensitive support you have given us in navigating through the various properties we have considered for investment of our small inheritance.”
"They didn’t try to persuade us to buy anything unsuitable."
2018-11-21T12:57:31+00:00
"They didn’t try to persuade us to buy anything unsuitable."
"...took just days to come up with the property that fitted all our criteria"

Sunday Telegraph

2018-11-06T13:59:47+00:00

Sunday Telegraph

"...took just days to come up with the property that fitted all our criteria"
"Stacks takes great pride in their service, is an expert in their field and above all, demonstrated integrity in all our interaction with them"
2018-11-21T12:54:09+00:00
"Stacks takes great pride in their service, is an expert in their field and above all, demonstrated integrity in all our interaction with them"
"got our offer accepted even when it was not the highest"
2018-11-21T12:38:34+00:00
"got our offer accepted even when it was not the highest"
"You we able to give us confidence that we were doing the right thing"
2018-11-21T13:20:39+00:00
"You we able to give us confidence that we were doing the right thing"
"utterly tenacious..."
2018-11-21T13:06:52+00:00
"utterly tenacious..."
"Many thanks for your hard work and patience in assisting in buying our property. You made the whole process infinitely less stressful than it might have been"
2020-01-13T11:50:30+00:00
"Many thanks for your hard work and patience in assisting in buying our property. You made the whole process infinitely less stressful than it might have been"
"Despite other interested parties, Stacks were able to help us secure our preferred property."
2018-11-21T12:32:12+00:00
"Despite other interested parties, Stacks were able to help us secure our preferred property."
"delivered a great service at a reasonable cost"
2018-11-21T12:30:52+00:00
"delivered a great service at a reasonable cost"
"You have an empathetic approach which, added to your knowledge and wise guidance, has made the whole thing a lot less stressful"
2018-11-21T13:17:15+00:00
"You have an empathetic approach which, added to your knowledge and wise guidance, has made the whole thing a lot less stressful"
"...negotiate on anything"

Financial Times

2018-11-06T14:00:36+00:00

Financial Times

"...negotiate on anything"
“Thank you very much.  We are very excited on the purchase of the flat as well.  Sara has been instrumental in every aspect, we are blessed to have her on our side.
2019-12-06T09:48:50+00:00
“Thank you very much.  We are very excited on the purchase of the flat as well.  Sara has been instrumental in every aspect, we are blessed to have her on our side.”
"extremely helpful, knowledgeable and tireless in their efforts to assist us"
2018-11-21T12:33:22+00:00
"extremely helpful, knowledgeable and tireless in their efforts to assist us"
"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"
2020-01-13T11:52:24+00:00
"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"
"I was impressed by the efficient, kind and courteous service provided by Stacks"
2020-01-13T11:52:49+00:00
"I was impressed by the efficient, kind and courteous service provided by Stacks"
"Relentlessly provided us with the context and facts we needed to make an informed decision "
2018-11-21T12:50:28+00:00
"Relentlessly provided us with the context and facts we needed to make an informed decision "
"found us a home in a sought-after area with a high demand for properties and very little on offer"
2018-11-21T12:37:14+00:00
"found us a home in a sought-after area with a high demand for properties and very little on offer"
“We really enjoyed working with Sara and Stacks and would highly recommend having them on your side in the home buying process”
2019-06-19T13:54:55+00:00
“We really enjoyed working with Sara and Stacks and would highly recommend having them on your side in the home buying process”
"They've been a close and very helpful part of our discussions with everybody. When you’re new to a town and an area, that’s priceless."
2018-11-21T12:58:19+00:00
"They've been a close and very helpful part of our discussions with everybody. When you’re new to a town and an area, that’s priceless."
"Well done in taking us to a house we didn’t know we wanted … and then fell in love with!"
2018-11-21T13:14:45+00:00
"Well done in taking us to a house we didn’t know we wanted … and then fell in love with!"
"You saved me many miles of driving and were very professional"
2018-11-21T13:19:40+00:00
"You saved me many miles of driving and were very professional"
"Without somebody on the ground asking the right questions on our behalf, finding a home would have been truly impossible."
2018-11-21T13:15:37+00:00
"Without somebody on the ground asking the right questions on our behalf, finding a home would have been truly impossible."
"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."
2021-10-11T10:27:34+00:00
"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."
"In essence, you are buying your best ally "
2018-11-21T12:47:38+00:00
"In essence, you are buying your best ally "
"was fantastic at explaining and helping us with everything that was happening"
2018-11-21T13:07:43+00:00
"was fantastic at explaining and helping us with everything that was happening"
"Thank you very much for the professionalism, patience and understanding"
2018-11-21T12:55:04+00:00
"Thank you very much for the professionalism, patience and understanding"
"Through the whole process they went above and beyond, and it was worth every penny!"
2018-11-21T12:59:15+00:00
"Through the whole process they went above and beyond, and it was worth every penny!"
"You have exceeded our expectations for a buy-side property service and have made the process a smooth one for us."
2018-11-21T13:18:01+00:00
"You have exceeded our expectations for a buy-side property service and have made the process a smooth one for us."
"You made a huge difference to our search as I am sure you do for all your clients."
2019-05-02T11:00:08+00:00
"You made a huge difference to our search as I am sure you do for all your clients."
"Being able to 'stand behind' Stacks, whilst they brought their negotiating skills to the fore, took us to another level"
2018-11-21T12:22:38+00:00
"Being able to 'stand behind' Stacks, whilst they brought their negotiating skills to the fore, took us to another level"
"a fantastic job in impossible circumstances"
2018-11-21T12:17:11+00:00
"a fantastic job in impossible circumstances"
"Stacks had the critical combination of expertise and tenacity to broker a solution for us"
2018-11-21T12:52:31+00:00
"Stacks had the critical combination of expertise and tenacity to broker a solution for us"
"I needed the continuous advice and support on the many issues that can and do arise, and, above all, someone acting in one’s own interest."
2018-11-21T12:44:59+00:00
"I needed the continuous advice and support on the many issues that can and do arise, and, above all, someone acting in one’s own interest."
"You have found us a superb home which we feel fortunate to call our own."
2018-11-21T13:18:39+00:00
"You have found us a superb home which we feel fortunate to call our own."
"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."
2020-02-27T09:48:25+00:00
"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."
"How extraordinary to have found what we were looking for"
2018-11-21T12:42:07+00:00
"How extraordinary to have found what we were looking for"
"We are delighted with our choice and so are the children."
2018-11-21T13:08:49+00:00
"We are delighted with our choice and so are the children."
"great value to us during a difficult, competitive purchase"
2018-11-21T12:39:48+00:00
"great value to us during a difficult, competitive purchase"
"You were able, by taking on much of the responsibility and the effort, to enable us to relax and enjoy the process"
2018-11-21T13:21:20+00:00
"You were able, by taking on much of the responsibility and the effort, to enable us to relax and enjoy the process"
"I gained a house, setting and location which are right for me"
2018-11-21T12:43:48+00:00
"I gained a house, setting and location which are right for me"
"I would recommend using Stacks as they are well connected to the property market and provide a realistic assessment of activity and pricing."
2018-11-21T12:45:49+00:00
"I would recommend using Stacks as they are well connected to the property market and provide a realistic assessment of activity and pricing."
"Your advice on how to effectively instruct and motivate our professional team allowed us to complete in one month."
2018-11-21T13:22:31+00:00
"Your advice on how to effectively instruct and motivate our professional team allowed us to complete in one month."
"I’ve seldom had such consistent, wise support in a major life decision, and I can’t emphasize enough how helpful it is."
2018-11-21T12:46:40+00:00
"I’ve seldom had such consistent, wise support in a major life decision, and I can’t emphasize enough how helpful it is."
"helped our parents downsize from the family home, in what was a traumatic move for them"
2018-11-21T12:41:04+00:00
"helped our parents downsize from the family home, in what was a traumatic move for them"
"The house is ideal ... and it is nothing like our first (unsuitable) ideas!"
2018-11-21T12:56:37+00:00
"The house is ideal ... and it is nothing like our first (unsuitable) ideas!"
"Stacks has been an invaluable source of experience and wisdom on the successful landing of just the right house"
2018-11-21T12:53:20+00:00
"Stacks has been an invaluable source of experience and wisdom on the successful landing of just the right house"
"You gave a much-valued ‘younger’ perspective on our situation, which was a real asset"
2020-01-13T11:52:01+00:00
"You gave a much-valued ‘younger’ perspective on our situation, which was a real asset"
"We cannot imagine how long it would have taken us to find our perfect home without Stacks – and we suspect that we would have compromised a long time ago!"
2018-11-21T13:09:36+00:00
"We cannot imagine how long it would have taken us to find our perfect home without Stacks – and we suspect that we would have compromised a long time ago!"
"We found the service extremely helpful and professional at all times"
2020-01-13T11:51:31+00:00
"We found the service extremely helpful and professional at all times"
"We would have absolutely no hesitation in recommending them to anyone thinking of using such a service"
2018-11-21T13:13:46+00:00
"We would have absolutely no hesitation in recommending them to anyone thinking of using such a service"
"The best decision we could have made!"
2018-11-21T12:55:52+00:00
"The best decision we could have made!"
"Because I had invested in the process of working with a Buying Agent, I had the confidence to go ahead"
2018-11-21T12:21:23+00:00
"Because I had invested in the process of working with a Buying Agent, I had the confidence to go ahead"
"We were in a tricky housing situation, looking to buy a very specific type of house and needing to find it in a very specific time frame"
2018-11-21T13:12:00+00:00
"We were in a tricky housing situation, looking to buy a very specific type of house and needing to find it in a very specific time frame"
"found precisely what I was looking for, and even on my request made an offer before I had even seen the property!!"
2018-11-21T12:35:46+00:00
"found precisely what I was looking for, and even on my request made an offer before I had even seen the property!!"
"a calming, guiding presence where nothing was too much trouble"
2018-11-21T12:13:26+00:00
"a calming, guiding presence where nothing was too much trouble"
"always courteous and pleasant, and most importantly, in our opinion, trustworthy."
2018-11-21T12:19:57+00:00
"always courteous and pleasant, and most importantly, in our opinion, trustworthy."
"We were moving country – had booked the packers – and had nowhere to move into!"
2018-11-21T13:12:46+00:00
"We were moving country – had booked the packers – and had nowhere to move into!"
"We love the house and cannot wait to move in and get settled."
2018-11-21T13:10:27+00:00
"We love the house and cannot wait to move in and get settled."
"Practically, I needed someone to do the legwork and the eye-balling"
2018-11-21T12:49:38+00:00
"Practically, I needed someone to do the legwork and the eye-balling"
"Would not hesitate to use you again."
2018-11-21T13:16:29+00:00
"Would not hesitate to use you again."
"Should I move again, I shall definitely use you again"
2018-11-21T12:51:23+00:00
"Should I move again, I shall definitely use you again"
"I completely underestimated how much of a difference you would make"
2018-11-21T12:43:03+00:00
"I completely underestimated how much of a difference you would make"
"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."
2021-10-11T10:28:00+00:00
"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."
"carried out with discretion"
2018-11-21T12:28:29+00:00
"carried out with discretion"