What is happening in the local property market?
With the general election having taken place on 12th December and with uncertainty around Brexit still continuing, we saw an overall slow down in the local property market with people holding back from offering their homes for sale and searching for a property to purchase. However, since the election, we have seen a bounce in activity, particularly from people in the higher price bracket talking to us about properties we are selling, with several sales being agreed. People now seem to want to make their next move to a larger home during 2020. With an election result that seems to suit the property market and Brexit seemingly now being a reality, people are generally feeling better and with a ‘feel good factor’ returning we expect a general upturn in activity at the start of the new decade.
For a number of years now we have experienced low interest rates. The mortgage market has reacted to this and there are now a wide range of mortgage products available to suit a variety of borrowers needs: from first time buyers to families looking for a competitive long term fixed rate and even attractive retirement mortgages.
If you are considering buying your first home, moving to a larger property or selling a property, please contact one of our local branches to speak to an experienced property expert who can advise on buying, selling or letting. Our sister company The Mortgage Company can also show you some of the incredible mortgage deals available from the lenders we deal with.
