End of Year Review

As we end the year it is fair to say it has been a turbulent one for the property market. The impact of rising interest rates has taken its toll on confidence with many potential buyers and sellers holding off their decision to move. Many sellers withdrew their property from the market once they realised their expectation of price wasn’t achievable, still expecting to sell for a similar sum of two years ago.

Overall transactions are down and prices are lower … Continue Reading…

Market Comment

Last weeks Bank of England interest rate freeze has brought some much needed optimism to the housing market with some lenders now offering five year fixed rate term mortgages lower than the base rate.

We sincerely hope this is the turning point and maybe interest rates will now stabilise for a period to allow confidence to be re-stored. The summer and early autumn periods have been difficult, more properties are coming on the market than being sold, resulting in buyers having … Continue Reading…

End of summer update

As we move into the last few weeks of summer, we hope that September will bring more activity to the market.  August has been one of the quietest for a number of years with many people concentrating on holidays rather than houses. Traditionally when the schools return after the break, people fall back into the routine of life and normality resumes.

This summer the housing market has been hindered by the dramatic interest rate rises over the past 20 months. Although … Continue Reading…

Summer Market Review

As the housing market moves into the holiday season, activity is slowing as the masses focus on sunnier destinations. This is normal at this time of the year with an expected upturn in September once the school’s return.

However, despite interest rates rising over the past 18 months the market is still ticking over and showing signs of resilience.

Although property prices have reduced it doesn’t feel like they are going into free fall. The increase in house prices generated by the … Continue Reading…