Sales and let­tings bloom with the new sea­son

Harefield Gazette - - PROPERTY -

SPRING is al­ways a prime time for the prop­erty mar­ket with lighter evenings mak­ing view­ings eas­ier to un­der­take, gar­dens and out­side spa­ces start­ing to look at their best and many peo­ple looking ahead to school in­takes in the au­tumn.

2016 is prov­ing no ex­cep­tion and, cor­rectly priced and well mar­keted prop­er­ties are at­tract­ing good in­ter­est from buy­ers keen to take ad­van­tage of con­tin­u­ing low mort­gage in­ter­est rates and se­cure a loan ahead of any un­cer­tainty that may be caused by the out­come of the Euro­pean ref­er­en­dum in June.

The let­tings mar­ket also re­mains buoy­ant and the avail­abil­ity of prop­erty to rent has in­creased slightly fol­low­ing the re­cent rush by in­vestors to ac­quire prop­erty ahead of the stamp duty hike on sec­ond prop­er­ties. The bal­ance be­tween sup­ply and de­mand re­mains gen­er­ally in the land­lord’s favour and good rental lev­els con­tinue to be achieved.

Over­all the mar­ket is pos­i­tive al­though af­ford­abil­ity is an in­creas­ing fac­tor and prop­er­ties that are placed on the sales or let­tings mar­ket at too high an ini­tial price are be­gin­ning to meet with some buyer and tenant re­sis­tance.

Good prices and rents are be­ing achieved but through gen­er­at­ing strong in­ter­est at the out­set and cre­at­ing ur­gency and de­mand, test­ing the mar­ket at too high an ini­tial price can lose the ini­tial ac­tiv­ity one gets when plac­ing a prop­erty in the mar­ket and re­sult in the ask­ing price be­ing “chipped” down­wards in or­der to se­cure a trans­ac­tion.

Util­is­ing our pro­fes­sion­al­ism and ex­pe­ri­ence has never been more im­por­tant. Our team know the lo­cal mar­ket and the peo­ple op­er­at­ing within it. Sell­ing or let­ting a prop­erty is not sim­ply a ques­tion of putting some in­for­ma­tion and pic­tures on the in­ter­net and wait­ing for the phone to ring. It is match­ing the in­di­vid­ual fea­tures and ben­e­fits pro­vided by each


Dar­ren Mur­phy at Christo­pher Nevill be­lieves the mar­kets are bouyant but looks ahead to the im­pact of the EU ref­er­en­dum next month

prop­erty to the in­di­vid­ual cir­cum­stances of the prospec­tive buyer or tenant.

As we look for­ward, we an­tic­i­pate that the next few weeks will see the mar­ket con­tinue in this vein. Noise around the afore­men­tioned Euro­pean ref­er­en­dum on June 23 will un­doubt­edly in­crease and the degree of un­cer­tainty with it. A stay vote is likely to see the prop­erty mar­ket and econ­omy re­act pos­i­tively as we move for­ward on more of a sta­tus quo foot­ing. A vote to leave may cre­ate some un­rest and end up pos­ing more ques­tions than it an­swers.We shall sim­ply have to wait and see.

Ir­re­spec­tive of the out­come, me, with house­build­ing num­bers still well be­low that re­quired d and a con­tin­u­ing im­bal­ance be­tween sup­ply and de­mand, , we ex­pect to see good ac­tiv­ity ity con­tin­u­ing and prices con­tin­u­ing to rise, al­beit at much more mod­est lev­els than re­cently.

Our ded­i­cated teams are here to help and give ad­vice on all your prop­erty needs.

Con­tact Christo­pher Nevill for ad­vice on Sales 01895 232000 or Let­tings 01895 239977.

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