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IT’S almost shocking how much change we’ve seen and at such a pace. Just under a month ago we were going to the ballot box to decide the future of the UK’s European membership. Since then, well, David Cameron resigned, the Labour par ty had an attempt to eat itself, and we now have the UK’s second female prime minister.
Whatever your feelings on the result, and whichever way you voted, it has been a fairly turbulent time as an investor or if you have savings. Financial markets can be ver y volatile and it can take some real ner ve to stay calm – especially with what we saw happening in the weeks following the EU vote. The primar y narrative in the media has unfor tunately been one of panic, and this surely has not helped unrest in the market.
The reassuring point is that many of these changes have been surface level, and the bigger change down the road is going to be at a slower pace, and hopefully with time to be negotiated properly and with positive outcomes for both the UK and our EU cousins.
Housing market statistics this week repor ted that in May house prices were up 8.1% year on year. Since then there has been a dip of 1% in the average asking price, but prices are still sitting up at 4.5% compared to last year.The summer months are normally accompanied by a slowdown in the market so this may also be a factor, exaggerated by the Brexit vote.
We should also reflect on what David Cameron did or did not do for the UK housing market. It was repor ted last week that the former prime minister and his government oversaw the lowest level of housebuilding since 1923. In fairness, it should be said that the Help to Buy schemes brought in towards the end of his tenure seem to have been positive, cer tainly for individuals.
With the lack of housebuilding in the UK, the desirable job market and a growing population, it seems that longer term proper ty will continue to be a safer place to invest, especially reflecting on the financial markets during these uncer tain times!
If you’re looking for the most up to date proper ty market comment, please feel free to contact me. At Cameron Estate Agents, we really have our fingers on the pulse!
IF YOU are worried about the risks involved in investing in property or perhaps you are selling your property at the moment and are looking to minimise that risk, then Turbervilles Estate Agents should really be your only choice.
The firm, which has offices in both Uxbridge and Hillingdon, is the only firm in the area to be regulated by the Solicitors Regulation Authority. The reason for this is that Turbervilles Estate Agents is part of the same group as Turbervilles Solicitors.
Both offices are staffed by friendly teams of professionals, who, in the main part, have been with the firm for over 10 years – something of a rarity in the industry.
This means that when it comes to information on selling or buying a property, you are getting advice from professionals who know the area as if it were their back yard.
This experience gives the staff inside knowledge when it comes to local schools, amenities and letting you know about each area’s individual characteristics.
One key benefit of having two offices in prominent high street locations is that those clients selling properties significantly increase the number of prospective viewings (as properties are advertised at both offices).
As well as using the traditional method of posting your property details to prospective purchasers, the estate agency is also able to text and email your property details to potential buyers at the touch of a button, ensuring instant, targeted marketing of your property, helping to speed up the process.
Estate agency manager Ben Purcell commented: “2016 has been an extremely busy year for us so far and we have seen our business grow from strength to strength in all areas of sales, lettings, property management and conveyancing.
“Turbervilles Estate Agents is part of the Turbervilles Group, which includes a firm of solicitors (Turbervilles Solicitors) as well as a wealth division (Turbervilles Wealth).
“Being part of a larger diverse group means we are the only local
PROMINENT OFFICES:
Turbervilles estate agents branches at 11 Crescent Parade, Hillingdon (above) and 118 High Street, Uxbridge (right)
firm to offer a true ‘one-stop’ solution for all our clients’ property, legal and financial needs.
“This increases communication and reduces delay and cost. It also means that unlike other estate agents, we are regulated by the Solicitors Regulation Authority which holds us up to the highest standards possible within the industry.”
If you are thinking of selling or letting your property, or would simply like some professional and friendly advice, then please feel free to contact the team on 01895 231311. Email: estateagents@turbervilles.co.uk.