The property market is warming up

What with the weather being so miserable and unpredictable so far this year it’s good to see that the property market is warming up even if the temperatures can’t seem to stay the same. The now expected New Year pick up in market activity kicked in midway through January and things have been on the up since then.

Valuation diaries are busy as more and more people look to sell, and the buyers are there waiting, meaning that the sales levels are following suit. In fact, it’s not just a local trend. A national agent has confirmed that more people were looking to buy in January this year than there has been for the last decade.

Across Poole Townsend we have been to over 200 valuations in January alone, well above average for the time of the year. With an equally higher than average level of these properties coming to the open market, we have seen a productive start to the year and things are only getting busier.

We have been responsible for selling over 23% of all property across the South Lakes and Furness patch throughout January, more than double that of our next closest competitor, and with mortgage repayment rates still attractive and the expectation of falling interest rates later in the year, we are seeing a continuation of these sales levels across February.

With the market being driven by first time buyers and second steppers this increase in available mortgage affordability has stabilised the market and created a sturdy base for sales chains to be built from.

The signs for the rest of the year are positive as interest levels in property and agreed sales continue to mount up. Come and speak to us if you are thinking about taking advantage of the market and we will happily help you sell or buy your next home.

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Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563.

Poole Townsend Solicitors Ltd are authorised and regulated by the Financial Conduct Authority.
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Poole Townsend Estates Ltd. (Company number 10960705) is a company registered in England and Wales with its registereed office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 8004592. VAT Registration number 288092466. Our Estate Agency is a member of The Property Ombudsman Scheme.

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