If you are looking for figures to give you a reason to look on the positive side of the British property market, HMRC figures from August of 2018 indicate that there were 99,120 residential deals and this represents a 1.3% increase in the figures from July of 2018. The non-adjusted figures were listed as 117,240 and this represents a rise of 12.9% from July 2018 to August 2018.
In England, there was a 1% growth in property transactions, with a total of 99,390 sold in the month.
People are looking for confidence and consistency in the property market
Overall, the general feeling that most property market specialists have taken from these figures is steadiness. This isn’t a terrible thing in the property market. We are looking for consistency because consistency breeds confidence and the one thing that the market needs right now is confidence. Okay, it also needs more properties but the fact that demand is continuing to outstrip supply of homes should mean that vendors see that there is an opportunity to sell their home.
This year has been a challenging one but there have been a few outlying factors that have impacted on the market. The difficult weather conditions at the end of February and beginning of March impacted on the property market and it may be that the excitement of the World Cup occupied people during the summer. However, the autumn market represents a final opportunity for vendors and buyers to make their move this year, and there is still a genuine chance to sell your home in Streatham before the end of the year.
Buyers are looking for homes in 2018
The fact that there are buyers looking to purchase property means that vendors can get in front of them, and we can help you. It is important to know who is looking to buy homes like yours and it is also essential that you promote to these people, and present property in the most effective manner. If you form opinions on what is being said in the media, you may not think that there is too much to be hopeful about in the market, but this isn’t the case, and we can help you find the positives in the London property market.
This is something that Oaks Estate Agents prides itself on and if you are looking for help in selling your home, come and speak to us. Help from a local estate agent who knows the market can make a massive difference when it comes to selling your home, so contact us and we will be more than happy to assist you.