The Market Reopens

It has been a surprise quite how little activity there has been over the summer in many quarters.  Buyers have sat on their hands, vendors have stayed put and agents gone on holiday.

To catch breath after a fairly frantic late Spring market is no bad thing, and a further settling of the market allows further confusion to dissipate because, basically, things are much the same as they were a quarter or so ago.  The market has been massively corrected.  Mortgages are hard for some to get hold of (but not others).  The economic outlook is uncertain, and job security poor.  But for factors to remain unchanged for several months is a rare treat after the heady turbulence over 2007 and 2008.

And our advice remains the same.  There is both demand and a market.  If you want to sell, talk to your agent.  If you are thinking of buying, speak to us.

People should not be fearful a market which is relatively stable, and looks likely to remain that way for some time.

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Summer 2010

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...

Budget 2010 – What now?

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...

POST-ELECTION BRIEFING

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...

Post-Budget Briefing

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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