Mackenzie Smith

The Thistleblower


The last month has seen continued positive signs throughout the economy, including reports that mortgage lending in the second quarter of 2013 was its highest since 2008 in addition to the Governor of the Bank of England's speech yesterday where he stated his belief that Britain needs a prolonged period of low interest rates, all of which we see adding to the improvement within the housing market.

Our branches are reporting increased demand from buyers, which has impacted on our levels of properties for sale due to the reduced number of new instructions coming to the market in the traditionally quieter holiday period. This will undoubtedly lead to a strong start to September by the combination of this pent up requirement being met by owners placing their property on to the market looking to secure a move prior to the year end.

As always accurate pricing is essential to reap the benefits of this increased activity and our recent evidence shows that if this part of the selling process is managed correctly then the turnaround time from instruction to sale agreed is being accelerated without necessarily affecting the price agreed.

If you are looking to move in 2013 I would suggest starting the process as soon as possible to benefit from the current market conditions.

Michael Lloyd, Sales Director


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