Is an autumn price adjustment inevitable?

Motivated vendors competing in this pool are going to have to look seriously at their prices to ensure their property is competitive & shows its best on the numerous property portals highlighting stock to interested investors & owner occupiers. Already we are noticing caution from the surveyors acting for funders lending to prospective buyers. For many of today’s vendors the certainty of a secured sale is more important than the knowledge of local sales two or more years ago achieving higher prices.

 For my colleagues this is a time for honesty because we want to see the smiling faces of vendors, pleased that their plans are on track for a move. This is rather than feeling the frustration of witnessing activity & viewings but achieving no bites. For every vendor in the market cuts musts be cuts rather than shaves, as no one notices slivers being sliced when the market has volume in each price range. The fall back fortunately for every vendor is that of renting. This rental market throughout the City core continues to be strong as the City’s appeal seems undiminished and does allow some perhaps reluctant vendors to pause for a year or more.

 For prospective purchasers this current choice is exciting, but rest assured there are many of you watching & monitoring activity. The good buys will not sit on the market long & likewise those handsome lofts and apartments that offer something a little different. Please do ask to be kept closely informed if you are looking for a particular block or location and of course do make an offer.

 We enjoy & look forward to hearing from you