Recent market reports have told of both lower asking prices and offers over the winter period, which has led to speculation that there may be another fall in the market. As it happens, we don’t think this will be the case and in fact, we found the figures quite reassuring. November and December are always a little quiet, so a slight drop is always expected. The market showed a 1.6% decrease over November and December, compared to 2.9% last year and approximately 1% in 2007, so it is well withing the normal parameters of the normal annual trends for this time of year.

We are still expecting recovery between now and February. But we need to tackle the stock issue - which is stock! Now is the time of year that we really need to get as much stock on as possible to boost both the market and prices. If you are thinking of selling, get in touch for a free valuation visit from one of our team. We’d be happy to help you spring into Spring!

Ok, it’s a cold start to the day, and the year by all means - but not necessarily to the market place. As we all wrap up warm and get ourselves prepared for the cold weather, does it occur to you that the property market may have been doing the same?!

Property prices took their expected drops in November and December, which is a normal trend due to the lack of demand in those months, so don’t be concerned. The great news is that it is now January and things are warming up in the market.

We all know that the market needed to adjust and settle,  or cool down as such. Just consider this the property market putting on its scarf, mittens and warm coat! Now it can adjust to the colder climate without a severe reaction.

Recent reports by some of the leading experts and property portals have suggested that the market will be much more stable by February and we are already beginning to see signs of a significant recovery in house prices in the area.

If you’re curious as to what extent, contact us for a free no-obligation valuation just to see how much things are warming up.

Isn’t it nice to have a hopeful forecast!