Having just read the headline ‘ The UK property market is likely to be even more depressed in 2012 that it was in 2011’ it has reminded me of the fact that commenting on the future housing market can be a risky business.
Whilst opinions will invariably vary, the reality in my view is that whilst the housing market nationally might be influenced by economic changes one way or the other, locally it is very much dependant on a number of other factors as well.
This past year has yet again demonstrated that as a result of the ongoing imbalance between supply and demand, house prices in our experience have continued to increase and despite the apparent lack of mortgage funds, buyers have demonstrated the ability to secure suitable funding.
Having arranged sales on all types and styles of homes ranging from 1 bedroom flats to substantial detached houses located in some of the area’s best roads and avenues, I am confident that this forthcoming year will prove to be just as successful as the last and that the continued demand from those looking to move to the area or remain in it, will drive the market forward once again.
Without wishing to add a cautionary note, I would however remind those contemplating a move that if the supply of properties coming to the market is going to remain below historical levels, then the importance of being ready to move when they do is going to become increasingly more significant. Therefore with that thought in mind I would urge our future clients to seek our advice at the earliest opportunity as our local knowledge and expertise may be the difference between securing the house of their dreams or not.
Wishing all our past and future clients a Merry Christmas and a prosperous 2013
Stephen Tetlow, Director