Buckinghamshire Advertiser - - BUCKS PROPERTY -

ITH chil­dren back at school and those two weeks in the sun a dis­tant mem­ory, some of us will start to fo­cus our at­ten­tion on other parts of our lives, like ‘Do we need more space or less space? ‘A big­ger gar­den?’ ‘A smaller gar­den?’ and ‘Can I face another Christ­mas with the in-laws camp­ing in the spare room?’

Some of these ques­tions will prompt a po­ten­tial move and in­ter­est­ingly this has been re­flected in this week’s ac­tiv­ity, with our Home Coun­ties of­fices see­ing a 100% in­crease in the num­ber of po­ten­tial buy­ers reg­is­ter­ing and view­ings be­ing ar­ranged.

En­cour­ag­ingly this has also been re­flected in the in­crease in ac­tiv­ity in the higher price lev­els of the market, with more en­quiries above £2m than we have seen for many a month.

Af­ter only three months fol­low­ing the vote to leave Europe, I am not go­ing

to pre­tend that ev­ery­thing is back to nor­mal, but there is an el­e­ment of ‘life must go on!’

Per­haps for some, the fact that the world has not fallen off the edge of a cliff, as some pre­dicted, is proof that time is a healer. I be­lieve that the clients who have taken a sen­si­ble stand on ad­just­ing their price ex­pec­ta­tions and have cho­sen to ‘re­po­si­tion’, their ask­ing price has seen some pos­i­tive ef­fect.

No doubt the ap­point­ment of Theresa May as our new prime min­is­ter and the cut in the base rate by the Bank of Eng­land to 0.25%, cre­at­ing a new record low for in­ter­est rates, has had a con­tribut­ing ef­fect to the gen­eral state of well­be­ing.This is re­flected by a sub­stan­tial in­crease in UK con­sumer spend­ing in Au­gust, up 6.2% from the same month last year, which doesn’t sound to me like a na­tion lack­ing in too much con­fi­dence!

The rental market re­mains steady with good de­mand in the lower to mid-range price lev­els (£1,000–£2,500 pcm).

In the Home Coun­ties we have re­cently seen and picked up a num­ber of cor­po­rate clients. How­ever these ten­ants gen­er­ally have lower bud­gets,

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.