The local market has reached a pivotal time in the year with the traditional busier Spring season upon us contrasting with a sense that the new supply of properties has begun to outstrip fresh demand. The pace of the recovery in prices has been extremely fast and quite unexpected in the last six months and difficult to sustain in the long term. Any ‘levelling off’ of prices reported by some lenders may act as a welcome relief as I detect buyers wanting to catch their breath in a frantic marketplace. However, we do seem to have awoken from the nightmare and properties are selling- far removed from the situation 12 months ago.
Clearly, the state of a certain footballer’s Achilles tendon will dominate the media’s attention this week and I wonder if there is a parallel to be made with the upcoming General election, a possible Achilles heel to the housing market as it brings the worst possible barrier to sustained recovery and confidence, namely uncertainty.
In any case, before we attend any polling stations, Easter will soon be upon us and with it the normal exodus of families taking a well earned break leaving behind only serious house buyers, serial Homebase visitors and estate agents manning their offices.
If you are contemplating a move approaching Easter please call me as our company is celebrating 75 years of successfully selling homes- we must be doing something right.
Nick Doyle, Aitchisons