Our property market defies the national mood

our property market defies the national mood 1 - Our property market defies the national mood

I AM pleased to say that the property market in this area is buoyant.

It is extraordinary how this part of the world defies the national mood, driven in no small part by the continuing demand from London and International buyers who continue to enjoy an attractive price differential.

Demand is up on levels seen a year ago and is not far off levels seen in 2015 and sales activity is running seven per cent ahead of levels seen in 2017.

Whilst the political situation remains uncertain, no one can predict the future but encouraging facts and figures speak for themselves, I remain confident that 2019 will be busy and we will see strong sales over the next few months.

The UK economy is performing well, unemployment is at record lows, the London economy in particular has delivered growth in every quarter since the referendum and GDP growth in the UK will likely outpace that of the Eurozone this year.

We have already arranged a number of new sales in 2019 and we currently have 17 properties moving towards completion.

Buyers are active and the number of new buyer registrations has risen noticeably, confirming pent-up demand and indicating that we shall have a busy spring market.

66 per cent of our sales in the last 12 months were priced under £1million

25 per cent of our buyers are either London or International

47 per cent more new buyer registrations since the beginning of December 2018

However correct pricing remains critical, there is a real appetite from buyers for properties for sale which are well presented and marketed properly.

We currently have 23 properties under offer and 719 registered buyers looking to secure a property this spring.

We are also arranging viewing appointments on a scale comparable to the summer market.

If you are looking to move or would like some property advice, we’d love to help you.

Rupert Sturgis

Knight Frank

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