Over the last 3 years, whilst Brexit chat dominated the national agenda, a huge volume of buyers and sellers seemed to be on “watch and wait” mode as all of the political turmoil and uncertainty unfolded. The election results and beginning of the new year seem to have cleared a path to move things forward, and that "watch and wait" bubble has finally burst!
January has seen new buyer registrations and sales valuation enquiries double in volume compared to the 4th quarter of 2019. Buyers are now seeing record low borrowing rates together with prices that have flatlined, making right now one of the best times ever to buy.
For sellers, the increased demand of people seriously looking to buy should result in two things:
1) A successful sale
2) Less negotiationg below asking price
We predict that the next quarter will be a particularly interesting barometer for how the market will perform throughout 2020. One thing certainly is clear: the best time to put your property on the market is when the volume of buyers is growing in a market with relatively limited stock available. Prices are sure to increase, proving the old adage of supply and demand.
If you'd like to speak with us about market insights, book a valuation, or check out our current available properties, give us a call at 020 7644 2331, email us at firstname.lastname@example.org, or best of all, pop in for a coffee and a chat. We'd love to meet you!