Properties which have been on the market for months are now going under offer

Properties which have been on the market for months are now going under offer

Last month there were two asking price bids which ended up in one buyer paying above the asking price and putting down a non-refundable deposit.

September transaction

Prices feeling relatively stable

Whilst we, and the leading research teams, do not believe there will be price growth over the next two years, the general consensus is that prices are unlikely to fall further. Prices feel relatively stable at current levels - note we are referring to achieved prices, rather than asking prices.

Latest research from Savills then forecasts an ambitious price growth forecast of 20% over the next five years. Buyers are taking the decision that if the right property comes up, it is a good time to buy.

Activity coming back at the higher end of the market

Buying activity has come out of hibernation, even at the higher end of the market.