UR family weekend visit to John Lewis, where my participation is normally bribed by the promise of a piece of Victoria sponge and a pot of tea, highlighted the fact that Christmas is nearly upon us.
As such, the property market is now largely focused on completing current sales before the seasonal festivities, with many seeking to use the holiday period to settle into their new homes. Although the level of buyers’ registrations and viewings are lower than previous months, the ratio between viewing and offering is much higher, this highlights that those who are viewing the market are focused on buying.
Equally encouraging is that we are undertaking many market appraisals for prospective clients who are looking to move next year and, in a number of cases, we are getting property details and photographs prepared in readiness for a New Year launch.
This raises the million dollar question of whether those looking to sell should place their property on the market
now or in the New Year. Equally, if already on the market, does one withdraw from it to come on afresh in the New Year?
The answer of course, is very personal to each individual. Honestly, I see no reason to wait or rest up on the marketing, the Christmas break can be a fantastic time for buyers to search the market, Rightmove has historically announced that Boxing Day is one of the busiest days for property searches.
It could also be argued that Christmas is a traditional time for low volumes of available properties, therefore those on the market will stand out more!
The rental area is always fastermoving in that a property placed on the market can, if the rental level is right, be let and occupied in days rather than weeks and this continues to be the case now. Demand from good quality tenants, often seeking fully managed properties where they know that any issues will be quickly resolved, remains strong and this market is buoyant.
Again, the supply of properties is particularly low in the £900 to £3,000 per calendar month price ranges, therefore now is a great time to come onto the market.
With any threats of interest rate rises having abated slightly in recent weeks and now not looking likely until mid-2016 at the earliest, and with the dramatic events in the China markets now yesterday’s news, the majority of the people we speak to are confident about the market and committed to the moves they intend to make.
Our team will be pleased to discuss, in confidence, your particular circumstances and to advise on how you can maximise a successful move.
For further information please contact Roberts Newby, now part of Strutt & Parker, on 01753 891188 (Gerrards Cross branch). LOOKING AHEAD: Christmas can be a good time to market your home, says Simon Roberts.