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London housing market

Even though there are many factors that shape and influence behaviour in the property market, the supply of housing is one of the biggest elements. Even though the media will tell you that Brexit is the overriding factor in the property market, and British, an insufficient supply of housing incapable of meeting demand has played a huge role in rising property prices.

If there is one thing we know about the property and rental market is when the supply of housing falls, it is likely that fees will increase. This is an outcome that is tied to basic economic principles. The relationship of supply and demand is such that when supply falls and demand remain the same, the price will rise to ensure a balance is maintained. This is as appropriate when talking about tins of beans or a pair of trainers as it is for the rental market.

While fashion and trends are often cyclical, there are some aspects that come in out of the blue and transform the way people behave and act. There is no denying that the emergence of the internet has transformed the way people look for property and the selling process has been transformed. At Oaks Estate Agents, we are pleased to say that we offer many traditional aspects of the property market process, but we know that there are many benefits to be gained from digital processes and modern ways.

There is an assumption within the UK property market, that everyone is looking to buy and that people only rent because they cannot afford to buy property. This isn’t the case and in the current climate, even though many tenants have found themselves prices out of the property market, there is a growing number of people who aren’t looking to buy property, regardless of their financial circumstances.

In life, you’ll find that a good motto to follow is “hope for the best yet prepare for the worst”. This is certainly the case when it comes to the property market and selling property. At Oaks Estate Agents, we are always on hand to assist you and we believe that we can help you minimise the risk of something going wrong when selling your home. However, there are so many external factors that influence the property market that sometimes bad things happen. Hopefully you will never experience a gazundering, but it appears this strategy is gaining prominence again in the UK.

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