June 2015 Market Trends Update
We have seen an extremely positive start to 2015 with the first six months exceeding expectations with several of our homes selling within a matter of days and more properties achieving home report value.
The last two years have shown encouraging progress and recovery within the residential property market following the harsh lessons and economic downturn which had impacted many. Continuing to move forward with our cautiously optimistic ethos we are continuing to strive to achieve the best price for our clients and ensure we are constantly making the market move.
Our first quarter of 2015 has been a record breaking quarter in terms of sale prices, selling times and quantity of property sold each month. During this time we have witnessed houses within sought after locations sell within a matter of 24 hours, closing dates and more genuine buyers registering interest for upcoming property.
The markets between £100,000 and £250,000 continue to be in highest demand whilst we are finding that the most desirable property styles are semi detached villas and modern bungalows which are in short supply. We have a significant number of motivated clients looking to move from larger family homes to more manageable luxury apartments and bungalows and as such we achieved several "off market" sales. The residential property investment market is also beginning to show signs of recovery with lending institutions making access to investment funding more available, this in turn has seen a renewed interest in flatted dwellings which show strong rental yields.
Looking forward to the second half of 2015 we anticipate confidence in the market which continues to grow steadily and with that more quality homes becoming available for sale. If you are interested in exploring the possibility of selling in 2015 we would be delighted to provide you with an accurate and realistic opinion of your property value.