Property Talk - September

As the country continues to come to terms with the loss of Queen Elizabeth II adding to the difficulties we have seen this year and last, we are reminded that, as the old adage goes, the only certainties in life are death and taxes. However, over the last few months, it also seemed that spiraling energy costs were to be added to that list.

With the one constant that has been present in most of our lives no longer with us and faced with inflation, interest rate rises, and energy price rises, the horizon seemed bleak. However, with the appointment of a new Prime Minister and the implementation of the energy price cap there is blossoming hope that brighter times are ahead.

With all this upheaval recently it is hard to focus on the positives. Getting a grip on the cost of living and hopefully reducing inflation would be a big positive. Market trends still show good levels of activity due to lower levels of available stock and this has led to a return to a normal property market. Whereas the frequency of offers significantly over asking prices has fallen the market value of properties has not. There is still a good response to new property listings and the steady flow of new stock to the market has not ceased.

To take a moment to reflect allows the clarity of hindsight. Although life may be filled with ups and downs and throw us the odd curve ball we continue resolutely. The truly impressive reign of Her Majesty Queen Elizabeth II sets a shining example to us all.

Whatever the market may bring, here at Poole Townsend we have seen it all. This helps us to continually guide buyers and sellers through their respective processes regardless of the ups and downs that may occur along the way.

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