Tag Archives: market comment

January Market Comment

The media would have us believe that the property market is nursing a New Year’s party hangover. Certainly the issues that influenced the market during 2018 remain, such as Brexit-related confusion, lack of supply and affordability problems for first time buyers. And whilst the media does love to scaremonger, they tend to ignore, the perhaps rather boring reality, that the UK property market is actually surprisingly resilient.

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October Market Comment

If anyone thinks that the confusing political shenanigans of the past few weeks have destabilised the property market, they’d be wrong. If anything, we are seeing more “lubrication” in the market, as sellers realise they’d be foolish to hang on for an overly ambitious sale price in the run-up to Christmas. This in turn has freed up the market, with more undecided sellers committing to moving, as there now appears to be more choice of properties available for sale. Indeed, Rightmove reports a 16% jump in new properties coming to market in the first week of September.

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June Market Comment

This month’s market comment comes with a degree of optimism, but also with a gentle warning. But let’s get the bad news out of the way first… According to HMRC, UK residential property transaction volumes plummeted by 12.5% last month, down 2% on the year. This time last year, month-on-month sales were up 16.7% equating to 19.5% on the previous year. So this is a major adjustment. As ever though, government figures tend to be out of date before they are even published!

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February Market Comment

Winter may not be behind us yet, but, as far as the property market is concerned, spring is definitely in the air!
 
The latest figures from Rightmove suggest a cautiously positive market. Of the relatively modest 1.5% annual increase in the price of new-to-market properties on the portal, 0.8% of this occurred last month! This is very much in line with our own observations of very buoyant start to the year, with enquiries from both buyers and sellers on the up. To put this in context, many properties coming to market at this time of year would be expected to be priced at 1.6% higher than the previous month, so 0.8% demonstrates that these sellers are serious about selling.

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