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Buckinghamshire Advertiser - - BUCKS PROPERTY -

ITH lprop­erty web­site Right­move re­port­ing the low­est lev­els of prop­erty for sale for some years, you could be for­given for think­ing that the prop­erty mar­ket was quiet – but the re­al­ity is some­what dif­fer­ent.

Lower than nor­mal stocks of prop­erty for sale is of­ten an in­di­ca­tor of a strong mar­ket and one where prop­erty does not sit on the shelf for long.That is cer­tainly the case at the cur­rent time, the cru­cial fac­tors be­ing to adopt a sen­si­ble guide price and a com­pre­hen­sive mar­ket­ing plan.

Of course, the grow­ing reg­u­lar­ity of state­ments from the Bank of Eng­land that in­ter­est rates are set to rise in the next 12 months is pos­si­bly caus­ing some to think about planned moves but many have fac­tored in an in­crease into their cal­cu­la­tions and, with some ex­cep­tional fixed rate mort­gages cur­rently avail­able, the im­pact of any rises is likely to be min­i­mal for the ma­jor­ity of home own­ers and buy­ers.

As part of Strutt & Parker we now have 10 prime cen­tral Lon­don branches and we are see­ing an in­creas­ing level of en­quiries from buy­ers con­sid­er­ing the mi­gra­tion from the city to the sub­urbs, look­ing for a bet­ter lifestyle.This will in­evitably boost de­mand fur­ther as we en­ter quar­ter four.

Ac­cord­ing to the Coun­cil for Mort­gage Lenders, the num­bers of ar­rears and re­pos­ses­sions have fallen to their low­est lev­els since quar­terly records be­gan in 2008.This is clearly good news and, de­spite slight hic­cups in the un­em­ploy­ment fig­ures re­cently, and with in­fla­tion re­main­ing low, the gen­eral eco­nomic out­look is pos­i­tive.

The let­tings mar­ket also re­mains buoy­ant.There has been lit­tle fall­out from the gov­ern­ment’s an­nounce­ment that it will be re­duc­ing the amount of tax re­lief avail­able on buy to let mort­gages from 2017, with most land­lords tak­ing a long-term view. With ris­ing cap­i­tal val­ues, land­lords still see their in­vest­ments as good news, pro­vid­ing both in­come and cap­i­tal growth. Rental val­ues are steady or ris­ing and de­mand con­tin­ues to out­strip sup­ply.

The sum­mer weeks are in­vari­ably a lit­tle dis­torted in terms of ac­tiv­ity – be­ing the prime hol­i­day pe­riod – but signs are that there will be a de­cent mar­ket in both sales and let­tings dur­ing the au­tumn months ahead.

Septem­ber is also go­ing to be an ex­cit­ing month with the launch of Beau­more Place, our very ex­clu­sive

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