A recent statement from the National Association of Estate Agents (NAEA) confirms what the industry has known for a while, that the run up to the recent General Election and following outcome has led to a reduction in the number of house hunters registering for a new home across their members in the UK. The organisation has stated that in May buyer demand fell by 8% as a national average.
Chairman Mark Hayward says “Periods of political uncertainty impact the way buyers and sellers interact with the housing market. Following the result of the general election, it will be interesting to see how the market reacts over the coming months as summer is peak house-moving season”.
These figures are echoed locally as we see fewer buyers coming through the doors, and many of those who are come with a property to sell rather than having a sale under their belt. At this critical time in the market, deemed in a normal season peak selling time, pricing is key to achieving a sale and so you should ensure your property is correctly priced to attract interest.
If you would like a free, unbiased appraisal of your property, whether you are currently selling or not, then call the Simmons & Sons Sales Department in confidence on 01491 571111.