We are now over half way through the year. Our experts give us a snapshot of how they see the market at present…

The macroeconomic uncertainty continues to bring challenges to households across the UK, and consequently both home owners and buyers are proceeding with caution before making decisions. Having said that, the warm Spring and thus far lovely Summer mean that our fantastic portfolio of prime property has never looked better. In recent weeks it has become clear that there is a slight increase in activity and desire, so we are cautiously optimistic of an improvement in the second half of the year. Indeed, we at Knight Frank are boosting our network with a brand new office opening in Haslemere in September. Our firm advice is to price sensibly and make every effort to ensure your property is shown looking its best for potential buyers on viewings.

Mike Sparks – Knight Frank

 

Here at Marcus Grimes our experience of the property market in the first six months of the year has been, on the whole, positive, or perhaps I should say it has become more promising as the year has unfolded. In truth, 2011 started badly with the mood of depression from the hangover after Christmas continuing to affect general confidence. This rumbled on until the Spring but shortly after the Royal Wedding and a few enforced long weekends we sensed the mood had lifted. Almost immediately we were listing plenty of homes and selling them in short order, in complete contrast to the preceding few months. Summer is a good time for completions but a poor one for new sales so we must wait to see what happens in the Autumn, our next traditional barometer of activity.

Marcus Grimes – Marcus Grimes Estate Agents

We have found the Horsham market to be reassuringly robust with high demand for property across all price ranges. Demand for investment property and land with development potential has continued to be strong, and that was reflected in an 80 per cent sales success rate at our June auction. In addition our lettings division has seen prices rising sharply due to increased demand and a change in general perception that renting is long term viable alternative to property ownership. We have been pleasantly surprised by the high levels of activity in the first six months of 2011 and we are expecting that the remainder of the year will be much the same, with high demand for correctly priced quality property. A potential softening of prices is likely, however, due to the general economic malaise, uncertainty about long term employment and a restricted mortgage market.

Peter Maskell – Brock Taylor

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