Lakin & Co busy buck­ing the trend this sum­mer

Harefield Gazette - - UXBRIDGE PROPERTY -

THE es­tate agency in­dus­try of­ten qui­etens down at this time of year – fam­i­lies are still away on sum­mer hol­i­days and with chil­dren go­ing back to school shortly, not ev­ery­one is think­ing about mov­ing.

How­ever, Lakin & Co has found that its per­sis­tent mar­ket­ing strat­egy and hard work ethic con­tin­ues to pay off – mean­ing that the firm has been busier than ever this sum­mer.

The mar­ket is also con­tin­u­ing to show pos­i­tive signs with The Coun­cil of Mort­gage Lenders re­port­ing that lend­ing in July hit a seven-year high with a to­tal of £22 bil­lion in mort­gage loans be­ing handed out to home buy­ers which comes ahead of a pre­dicted in­ter­est rate rise.

Bor­row­ers have con­tin­ued to take ad­van­tage of cheap home loans but find­ing a prop­erty to move to has been dif­fi­cult with a short­age of homes com­ing onto the mar­ket.

Ear­lier this month it was re­ported that the hous­ing short­age has helped keep house prices in Au­gust at their strong­est since 2007.

Au­gust’s tra­di­tional de­cline in house prices has been much slower this month than in pre­vi­ous years thanks to a short­age of stock com­ing onto the mar­ket. Sellers were likely to have been de­terred by a lack of avail­able homes to buy, the cost of mov­ing and a lack of new af­ford­able hous­ing be­ing built.

The num­ber of new homes be­ing built in Eng­land has how­ever risen sig­nif­i­cantly over the last year, gov­ern­ment fig­ures show. In the year to June, 131,060 homes were com­pleted, a rise of 15% on the same pe­riod a year ago.

On a quar­terly ba­sis, be­tween April and June, the num­ber of com­ple­tions rose by 22%, com­pared to 2014.

Many com­men­ta­tors are still ar­gu­ing that not enough prop­er­ties

PROP­ERTY EX­PERTS:

From its of­fices at 122 High Street, Uxbridge, Lakin & Co pro­vides residential sales and let­tings as well as prop­erty man­age­ment, fi­nan­cial ser­vices and com­mer­cial and block man­age­ment ser­vices.

are be­ing built to meet the in­creas­ing de­mand.

It still re­mains a good time to sell or let your prop­erty with a lack of prop­er­ties com­ing onto the mar­ket re­duc­ing com­pe­ti­tion and main­tain­ing

higher prices, com­bined with a strong rental de­mand which con­tin­ues to en­cour­age buy to let in­vestors.

So if you are think­ing of selling or let­ting and want to use an agent who knows the mar­ket and who will work

tire­lessly to get you a favourable out­come, give Lakin & Co a call on 01895 544 555 to dis­cuss your prop­erty fur­ther and ar­range your free no-obli­ga­tion val­u­a­tion. Or visit the web­site at www.lak­i­nandco.com.

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