Hi I’m Sam from Fine & Country Rugby back again with my latest property update for May 2019. 

What a month April was! The influx of new stock has clearly excited the buying public as we have had a record sales month with over £8,140,000 of property sales! Rather reassuringly for our sellers saw their sales agreed at an average 99.4% of their asking prices! 

A combination of our bespoke marketing strategy and it must be said, careful pricing in a competitive market has resulted in a very strong April for the Rugby office. 

The Brexit theme that has run regularly through my market updates this year is still hovering in the background, albeit delayed until later in the year, which I feel has prompted a spike in activity. Lets face it we can get all too analytical what the market may or may not do in the months after Brexit and in truth no one really knows, so for the moment our buyers and sellers have chosen a ‘lets just get on with it’ attitude, which has resulted in a positive approach and a meeting of minds when it comes to negotiation of sales. 

That said let us not disguise the fact that it is most definitely a buyers market out there and as I talk to you now there are 97 homes above £500,000 within a 5 mile radius of the Rugby office on the market with just 36 of them sold subject to contract. It must be said that the vast majority of those are Fine & Country listings so clearly the our marketing reach, London Property Exhibitions, Magazine coverage, online presentation and property videos are encouraging purchasers to take a serious interest in our listings. As a person that has lived in and around Rugby all my life it has been very reassuring meeting some of our buyers who have been very complimentary about the town, surrounding villages and of course the schools, which have consistently been at the forefront of the family markets’ decision making. 

I have also noted some reassuring news that may have a positive impact on the property market in the coming months 

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The wider economy has remained relatively strong, and with reduced uncertainty, we could see some of this strength providing a driver for both price growth and increased transactional activity in the housing market, albeit with the greatest headroom in more affordable areas, generally further from the capital. Wage growth has been positive and the minimum wage rose to £8.21 per hour on 1st April, up 4.9%. Employment levels have also continued to increase and are currently the highest level they have been at since 1971. 

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 June!

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