December Market Comment

December could be the busiest ever, in terms of buyer & seller activity over the coming weeks. With pent-up demand that is just waiting to be unleashed following months of Brexit-related frustration. D-Day will be Friday 13th December – the day when we will wake up to an election result which, whatever the outcome, will put us out of our misery.

People who have taken a “wait and see” attitude will by then be straining at the leash to get moving and will want to ensure their property is on the market in time for what we expect to be a record number of buyers browsing the portals and agents’ websites. Boxing Day is usually the busiest day of the year for property portal activity, but this year could be extraordinary.

All the usual economic indicators - employment & interest rates, inflation etc are looking favourable, and have been for some time. The only recent dampener has been the election, following months of Brexit confusion. Whatever the future for Britain in Europe, life goes on. People are fed up with waiting and many sellers who might otherwise wait until spring (seldom a good idea) are now expected to bring their sale forward to take advantage of the surge. This will also have the effect of putting them in a good buying position themselves, with a greater choice of stock, in the New Year.

If you’d like to take advantage of the opportunities of the moment, then please feel free to call us on 01248751000 or pop in for a chat. You might be pleasantly surprised!