Finlay Brewer Brook Green
How many weeks 'till Christmas?
It was just a month ago that we were looking ahead and thinking of the forthcoming end of Summer. Now, we are looking ahead to the onset of Winter! Halloween is nearly here and before you know it the clocks will have changed too, then it will be "Remember, remember the 5th of November". It all just happens so quickly. Still, at least with Bonfire Night, we can bring the new season in with a bang.
In the property market, Autumn heralds the end of the usual Summer lull as we head towards Christmas. Yes, I know that still feels a very long way away, but once Halloween is over there are only 8 weeks left. Many people will be looking to get moved and settled into their new home before the festivities begin, while others will be looking to start the New Year in a new home.
House prices have softened a little over the Summer but at Finlay Brewer we had a very busy Summer for sales and lettings with July and August both 30% up on 2016 figures. With so many economic indicators better than expected, I wouldn’t be at all surprised to see this continue. We have the highest levels of employment for decades, manufacturing registering the highest growth in 7 months and retails sales rising too. In fact, the UK manufacturing industry has just moved up to 8th in the world league tables.
There are motivated buyers out there looking for the right property but the price has to be right. It is essential in this market that the initial asking price is correct - priced too high a property will sit, very visibly, on the property portals for a long time.
So, if you have a house or a flat you’re thinking of putting on the market, now would certainly be a good time to give us a call so that we can give you our up-to-date thoughts.
Other than that, I hope you survive Halloween and I’ll see you again next month. Here's a fabulous Autumn shot taken by one of the team.