Lakin & Co busy bucking the trend this summer
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
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.