The Housing Market is Improving
There are clear indications that the Housing Market is improving reports Andrew Oulsnam, Managing Partner of Robert Oulsnam & Company, although there is absolutely no doubt realistic pricing is the key.
From the lows of December, January and February, there have been clear signs in the last six weeks of a steadily improving market. Enquires are up, viewings are up and above all sales are up. There is still a very large selection of property on the market but many clients are reducing their prices to be able to effect a sale and many of the new instructions are at much more realistic prices.
There have been a raft of surveys released in the last few weeks and the overriding conclusion is that prices have fallen in the last year and that although London prices are now going up, prices in the rest of the country will not and may fall further although only slightly.
Perhaps the most pleasing aspect we have seen is the return of the first time buyer. With mortgages now available at both 90% and 95% at last first time buyers can actually afford to buy. At the same time, buy to let investors are returning in numbers. So often in the past 3 years, an improvement in the market has only occurred in the middle price regions and has not been sustained.
We are now very confident of sustained improvement in the housing market but only if prices are kept at realistic levels.
If you are thinking of selling, contact your local Oulsnam office or email us on email@example.com.