Across the country agents are reporting a lack of new potential instructions for the Spring market this year. People aren’t selling.
Yes, there is plenty on the market that is overpriced and/or blighted, but quality properties, sensibly priced, are in very short supply.
Back to ‘bagging a bargain’ – our advice is to be very careful. Particularly of a property, which is both blighted and overpriced – when the price suddenly tumbles to reflect the new realities of value, remember that it is still blighted.
Make sure that the price paid reflects BOTH value and blight, and the great aspects of the place heavily outweigh the bad.
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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