COMPETITIVE PRICING IS THE KEY AFTER BREXIT
3rd August 2016
Nick Bonfield, Managing Director of Nicholas Bonfield Estate Agents comments on his monthly review, the month after the Brexit vote.
Following the countries decision to leave the European Union last month, we have seen many people pleased that the vote has finally taken place and can move forward with their own plans, whether they agreed with the outcome or not.
Since the decision and the start of the summer holidays; viewing levels have been low, some of our clients have achieved a sale by reviewing their marketing and pricing. I think this is the key to ‘success’. At Nicholas Bonfield Estate Agents we believe keeping in touch with our clients helps achieve the right result.
My predictions for the rest of the year are the housing market will sustain respectable levels of activity, with property values remaining stable; but the supply levels low. With the Bank of England on the cusp of an interest rate cut – this will help us through this lean period.
On a positive note, there are more first time buyers entering the housing market, helping relieve problematic chains. Our market town of Loughborough, continues to offer good opportunities for home owners. Post Brexit, there appears to be a renewed confidence, so we need to build on this, Nicholas Bonfield Estate Agents are a credible and locally run business; we require more houses across all areas of the housing market.
If you are thinking of selling or renting, please contact Nicholas Bonfield for more advice.