Following the general election there were predictions by many agents of a property market “bounce” – so, as we exit the EU, is there any evidence these predictions were accurate? And what does the future hold?
Well, here at Wilkinson Grant & Co we have experienced our busiest January since 2015, with record sales and exceptionally high levels of enquiries and viewings.
The activity has taken some would-be sellers by surprise, as they have missed-out on properties sold to people who have agreed sales on their own since the start of the year.
Whilst it is too early to predict what will happen in the months ahead, the signs are that demand and – albeit possibly short term – short supply will hold-up prices here in the Exeter area and South Devon areas in particular.
A good indicator of demand (and a great way of us meeting potential buyers face-to-face) is the high volumes of viewers our Open Houses have attracted in the early weeks of 2020 – with as many as ten, fifteen or in one case over twenty viewers turning up at single properties resulting in sales being negotiated above the guide prices.
Is the “bounce” real? Well, from the evidence of what we have experienced so far, the answer is unreservedly “yes”.
One thing we can be sure of, is that things will change. But another certainty is that property will continue to be in demand. Will supply increase as the year progresses? Almost certainly “yes”.
So the message for anyone thinking of selling in 2020 is get some advice early as to how best to achieve the highest price whilst giving yourself the best opportunity to secure your next home.
For a free no-obligation appraisal contact Wilkinson Grant & Co on 01392 427500 or email property@wilkinongrant.co.uk.
