Regional Market Summary

June, 2018

Regional Market Summary

Robert Pritchard comments:

The regional property markets (to include North Cotswolds, South Warwickshire and South Worcestershire) have continued to perform well.

Despite Pritchard & Company only launching in April we have enjoyed an active market with a third of our available stock going under offer within two months, all to buyers with no related sale.

Evidence suggests that house prices are rising at more sustainable levels, which is good news for many buyers trying to get onto the property ladder. This is underpinned by low interest rates and generally good mortgage affordability. Newly agreed sales and new buyer enquiries remain strong.

The upper and middle priced tiers of the market continue to be the most challenging - principally aligned to excessive stamp duty. Across the board, the biggest challenge seems to be weak levels of property availability resulting in fewer instructions for many agents. For some types of property, particularly those up to £1 million, it is difficult to keep up with buyer demand which is underpinned by a strong labour market.

Now is an excellent time to sell

If you are considering selling your property and want to share in our success, we’d be happy to assist.

Contact us on 01608 801030 or for a free and comprehensive marketing appraisal of your property without obligation.