The Property Market – 2015

As we said in the run-up to the 2015 Election; ‘we expect prices to rise after the General Election on May 7th.

In West Gloucestershire and Monmouthshire, good quality, unblighted, well-priced houses are selling well. Over-priced, problematic ones aren’t.

There remains some discrepancy between what vendors are expecting to receive for their property, and what buyers are prepared to pay – but there is realism on both sides now, which is good for everyone.

The ‘London buyer’ is likely to return to the top of the market, and a general positivity should encourage more property to the market with corresponding levels of buyers across the market,

Markets are about people, and people have to move house – there are now thousands of people locally who might have expected to have moved over the last 5 or 6 years, who haven’t.

Many continue to sit on their hands and do nothing. Interest rates remain low, people can afford to do nothing. That means a great many houses potentially for sale, but not on the market, so there are unlikely to be as many properties openly available for sale as people sometimes expect.

Agents continue practice the art of ‘marketing quietly’ e.g . seeing what interest there may be in a property, without going to the expense of marketing and brochures.

The clever vendors are aggressively marketing their houses with good agents at the right price – a keen, competitive, fair and reasonable price.

And, at the same time, they will aggressively get out and into the market to find and secure the property they want to move into.

On the assumption that most people have to buy AND sell a property, it’s a great time to be moving. The market looks likely to remain stable for the rest of 2015 – potentially a good time to make a considered and rational move.

To hear more, call James Greenwood on 07755555909 or 01594842880