Market Trends - 22nd March 2016

After an unprecedented year for the property industry in 2015, the beginning of 2016 has shown signs of an equally positive outlook.

Following the trend of 2013 and 2014, the past year has shown encouraging progress within the property market with regards to sale prices and selling timescales. Whilst continuing to move forward with our “cautiously optimistic” ethos we are continuing to strive to achieve the best price for our clients and ensuring we are consistently making the market move.

Our first quarter of 2016 has shown steady growth in terms of house sale values and the quantity of property sold. During this time we have witnessed property in key areas selling within a matter of hours, several closing dates and an increase of qualified buyers and affordable housing being presented to the market.

As with previous years, the property markets between £100,000 and £250,000 are continuing to be in the highest demand and the most desirable and sought after property styles being terraced, semi detached and modern detached villas. We also have a significant number of clients looking to move from larger family homes to more manageable luxury apartments. Thus making the Racecourse a particularly popular destination.

Looking forward to the second quarter of 2016 we anticipate further confidence in the market with more quality affordable homes becoming available and lending institutions making funding even more available.

If you are interested in selling in 2016 we would be delighted to provide you with an accurate and realistic valuation of your property.