Prices are now rising due to a shortage of stock

Graham Boyce Director Wrights Estate Agents Stevenage

House prices are nationally reported to have risen for the 7th month in a row.

2009 has proved to be a very busy year, having sold and let a wide selection of properties in Stevenage and surrounding villages. A general shortage of home’s for sale in the area produced major house price inflation of between 8% – 10% on average over the course of the year. Clearly, in many cases properties were receiving more than one offer within days of coming onto the market.

The year ahead, the local property market is looking positive. However, we still have good quality chain free buyers on our data base, despite negative coverage in the national press forecasting more doom and gloom. It would be fair to say that the buyers in general have become more discerning in terms of both the price and quality of their proposed purchase. Thus, as reputable estate agents it is important that we respond by giving our clients the right advice in terms of price, marketing and appearance.

Graham Boyce
Director, Wrights Estate Agents, Stevenage

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