Hi I’m Sam from Fine & Country Rugby back again with my latest property update for April 2019
Despite the constant barrage of negative news coverage about Brexit, the local market is very lively compared to the wider national picture. The Spring market has gathered pace and we certainly have been instructed on some wonderful new instructions which are being prepared as I speak to come to the market and sales have remained strong, despite the suggestions that caution exists..
As you well know we are renowned for our fantastic property videos which on average are being watched 10,000 times each on our social media platforms. We carefully choose a targeted demographic audience, unearthing plenty of potential buyers. It’s this type of strategy that has proven successful with another strong sales result for March. I’ve heard estate agents across the country complaining that the market is slowing down but they seem to have nothing to offer their sellers to combat the more challenging conditions. Sitting and waiting for things to happen will not sell a property for the best possible price. Instead, a strategy that involves leaving no stone unturned in finding tomorrows buyer is the way forward and careful pricing to ensure the house is found on all our property portals is essential to provide the necessary exposure.
We are currently busy preparing for our next London Property Exhibition at our Park Lane Office on May 17th & 18th, which is a great way to introduce our region and our sellers homes to the affluent London market.
So what are the latest stats?
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Halifax has reported UK house prices fell by 1.6 per cent in March and the market will continue to be “subdued” during uncertainty around Brexit, which is quite a drop for a single month .
The average house price in the UK dropped to £233,131 last month, but overall was 3.2% higher than a year ago, more or less matching the local growth that we have seen in this region. It remains to be seen whether the local market has had similar falls but I think the message is clear. If your house is overpriced then you will get found out and lose any initial momentum, now is not the time to gamble with exceeding market value.
There maybe some challenges ahead but for the moment the realities are that buyers and sellers refuse to sit on their hands and wait. There is activity and there may well be further ‘bumps in the road’ but our attractive location, great schools incredibly good commuter links can play a huge part in isolating the local market from the downward pressures felt elsewhere.
Of course I would love to hear from you if you are thinking of selling, or indeed struggling to sell your current home as I’m positive that with the right marketing strategy we can achieve outstanding results for you and your family, so please contact me on the details that are about to follow to book a free market appraisal.
I look forward to talking to you all in again in May as the Spring market takes hold ! Thank you.
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