Bringing a glimmer of cheer to the housing market...
Traditionally a buoyant time of year, the modest ‘spring’ in demand for property in March has brought a glimmer of cheer to the housing market. Property sales for the month were some 8% higher than February with new housing instructions also showing modest increases.
But for some the current cloud of the housing market has a silver lining. After years of soaring property prices, first-time buyers had found it almost impossible to get onto the property ladder; with many resorting to shared ownership or the bank of ‘mum and dad’ to get them started. So a slower market opens up the prospect of ownership for many and with it the vital demand that could see stability return to the market.
Analyst predictions for the coming months vary. But, the housing market has a strong record of resilience and demand for properties that are competitively priced and well marketed continues. In our latest newsletter we explore ways in which you can add value to your property and achieve that all important sale or rental.
If you need advice, want a valuation or have a property to market don’t hesitate to give us a call..
From all the team at Your Estate Agency.
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