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spring market update

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Published: 25/05/2019   Last Updated: 25/05/2019  

spring has sprung in feltham, and the seasonal upturn in the housing market is upon us, but is it really, what's really going on out there? the number of properties is about on par with 2018, however, the number of sales has increased markedly, with a surprising number of clients looking to move, in a continually uncertain climate. Brexit fears have, if anything, intensified, and we still have no idea what the final outcome will be, but families are outgrowing their properties, and moves have to be made. year on year figures show that prices have dropped by between 8 and 10%, making excellent savings for first time buyers, also an abundance of flats being marketed by disgruntled landlords have increased competition, and forced prices down, so all in all, a good time to buy. so, what for the future? until we get a Brexit decision, it is impossible to predict, but my sense is that there will be a rebound effect, as normally occurs after a recession, and prices will start to recover, so we may find that prices will never be as cheap again