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Property market comment - December 2022

“As I sit here typing this, a couple looking in our office window are opining that the housing market will soon crash, however as an independent estate agent I can assure you that all the recent new instructions we have taken on at Alasdair Morrison and Partners are receiving viewings, and we are taking offers on properties,” says Chris Pick. 

 

“In 2023, we expect to see some local house price changes, but in my opinion, they will still be ahead of 2020/21 prices,” says Chris.

 

He believes that next year will see success for sellers who market their properties with experienced estate agents recommending sensible pricing and who are proactive in their marketing.

 

He says: “Canny sellers who want their property seen on the busiest property search day of the year - Boxing Day - have already brought their property to market. 

 

“We are still valuing fresh properties with a view to them coming to the market in January and are registering newly qualified buyers for property in the Newark and Southwell markets.

 

“Mortgage interest rates in most cases have started to drop back down and we recommend that anyone looking to buy in the New Year has their mortgage pre-approved so they can make firm offers on their chosen property.”



Chris finishes: “I would personally like to thank the Southwell team for all their hard work this year - Faye, Karen, Liz and Steve. They, and our colleagues at Newark are available to arrange a free, no-obligation market appraisal or to register you as a buyer. Just call 01636 813971 or 700888. For rentals, please call 01636 670977.”

Chris Pick

30.12.22

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