“Just like the snow, the property market seems a little unsure as to what it’s doing, with the Office for National Statistics (ONS) reporting a fall in UK property prices of 0.3% last month (0.5% in England), and property price growth slowing slightly from 5% to 4.9%,” says Chris Pick, Business Development Manager and Valuer for Alasdair Morrison & Partners.
He continues:
“However, it’s worth remembering that the ONS and Land Registry figures are always out of date by at least a couple of months, and as such they do not reflect current buyer activity, which, in relation to the supply of stock, is the greatest indicator of the future direction of property values.
“The good news here is that nationally buyer activity is up 20% on last month and 14% on last year. Locally, our number of qualified buyers looking for their next home in Newark or Southwell remains high.
“For the past few years, many prospective sellers have been reluctant to put their property on the market because of worries about finding a suitable new property, but we would always recommend getting your property onto the market as quickly as you can to attract the attention of a serious buyer.
“In our experience, if your property is right for them, then they will put in an offer to secure the property and wait until you have found a new home to move to, rather than risk losing your property.”
Chris finishes:
“If you are contemplating a move – somewhere bigger, smaller, quieter or more convenient, then now would be an excellent time to take advantage of the up-swell in demand this spring.
“Call us for a friendly no-obligation chat on 01636 700888 or 813971 and let’s get you moving.”
