Aidan J Reed & Andrew Johnson
News Article

Improved activity levels in the property market.

30th May 2009

Andrew Johnson BSc(hons) MRICS of Aidan J Reed & Andrew Johnson reports improved activity levels with more than twice the number of viewings in May 2009 to the same month in 2008. Office statistics also report that whilst our Ashby office has seen a constant flow of new instructions, on the whole fewer houses are coming to the market enabling prices to settle at the lower and middle price brackets for property. This will see prices stabilising between now and Spring 2010. It is of course possible that some areas and higher price bands may still see some further settling before prices bottom out. Andrew warns that vendors must still be realistic with prices as buyers and lenders will only look at realistic purchase prices in what is still a changing and unpredictable market. For those trading up market there is still a window of opportunity in which to take advantage but this will be less attractive in 2010 for those looking to move to a bigger home.