There is no denying that we are now transitioning from an unexpectedly strong pandemic and post-pandemic property market, to a situation that heralds serious economic change for many people and the country as a whole.
Fortunately, so far at least, we have felt minimal effects of this, with buyer demand still outstripping supply. And although we hear from various sources that the average house price has risen by around 8-10% in the past 12 months, that is not necessarily a reflection of what is actually happening now, with the Halifax reporting a 0.1% fall in prices in the last reporting month of July.
The effect of the cost-of-living crisis, inflation and rising interest rates cannot be ignored, and although plenty of people remain able, willing and committed to moving house, it is the all-important confidence in the market that can be shaken by media hype and hysteria. If confidence levels fall, then it can be hard for prices to keep up.
Fortunately, our agents are well trained in these things, and today, more than ever, as we enter increasingly uncertain times, those skills will be tested if we are to continue to deliver the great results for our clients for which we are known.
If you are selling, or thinking of selling in this market, it is critical that that you listen to the opinion of our senior agents. They DO know what they are talking about, and their advice is both sincere and reliable. Their job is to help you maximise both your chances of a swift sale and the price potential of your property – whatever the market. Bear in mind that buyers will be acutely aware of the opportunities presented by a changing market. Our role is to defend your position and if you’d like to find out more about how we can work together on this, please feel free to contact us today - you might be pleasantly surprised.