As many experts predicted the UK property market as a whole got off to a sluggish start in terms of both new sell transactions and new instructions, and whilst we like most are starting to become a bit immune to the ongoing depression that is the Brexit effect, this is without doubt the single biggest factor in people maintaining their position in life rather than making major changes, including the biggest or all ..moving home.
The property market is full of micro climates however and whilst no doubt the capital itself along with maybe the top 10% of property values have certainly endured problems in attracting buyers, the market here in SO30, SO32, SO50 and close by is starting to see a significant increase in buyer enquires and new listings, all signs that spring and summer despite the ongoing Brexit uncertainty could prove remarkably resilient and an attitude of ‘ lets get on with it ‘ seems to be appearing.
Our first three months trading in all areas of business where on par with 2018, a year in itself that saw buoyant activity consistently throughout the calendar months. In April we witnessed a very high level of agreed sales, especially in the £500- £900,000 price sector, which is traditional for our area and the springtime months. First time buyers are certainly grabbing our help to buy opportunities which is releasing some lower end properties that last year were sometimes difficult to find buyers for, so even the first time sellers priced between £175,000 and £225,000 are seeing good activity and interest at present.
We can only ever comment on our figures but as the leading agent in our area, we feel it is a true reflection of the market at this time. The marketing and presentation of any property is still the key to attracting serious buyers and a strong, focused and competent sales team is essential to ensure no opportunity however small to begin with is missed.
In summary, still challenging but we feel confident that 2019 will not be the wash out many predicted at the start of the year, and to date our figures support this view.
We hope you have found this a helpful insight into the local market conditions and we will continue to update with facts and comments as the year progresses.