With a great deal trepidation, I will also step into the line of fire that cut Business Minister Baroness Vadera down earlier in the week.
There is some activity in the property market. Not alot, but some. Here and there you get the whiff of people buying and selling houses. Stories of a house coming on the market on Friday and selling at guide on Monday, competitive bidding, an agent selling two houses in the day. Apochryphal? No. These are real deals with real people buying real bricks-and-mortar.
And potential buyers have been calling us in greater numbers and it is great to see brochures going out again. The message that prices are down (seriously down) is sinking in. And life goes on – people get together, have children, want a bigger house, get older, children leave home, need to downsize, move job – there are any number of reasons to move or buy a house.
We have been taking clients on – clients who want to make the most of the opportunities out there now.
This not a recovery. Prices are down, and they are going to stay down.
And that encourages the sensible to start looking again.
The property market feels as if it has shut down early for the summer. It’s an old excuse – the summer holidays – like the Budget, like the Election, like the Ash Cloud – always an excuse. But something has got to give. There are more vendors and potential vendors entering the...
As expected, the Chancellor did a good job of talking up major cuts and tax rises, before delivering a Budget that was more politically benign. Regarding the property market, Mr. Osborne did not have a lot to say. It looks as if the loopholes that have been used by wealthier buyers to...
There is some detail emerging from the new Con-Lib Government, but uncertainty remains with many as the ramifications of changes and possible changes are chewed over. The market always suffers from reduced activity in times of uncertainty, so there will no doubt be would-be sellers delaying (again) the moment they put...
Budget boost? The Chancellor has applied what amounts to an irritant to the top end of the property market. One per cent increase in stamp duty is unlikely to have a significant effect on decisions made by buyers in the £1m+ category, but it may be reflected in prices achieved. Certainly,...
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