As we approach the end of the year, it's a great time to not only reflect on the year that's been, but also to consider what may happen in the year ahead. 

Whilst there have been challenges this year, (isn't there always?), as time passes, people are focusing on the future rather than the past.

Aside from the challenges we have faced this year, there is one remaining factor which is determining the market; demand is outweighing supply. Does this mean values will soar? In my opinion, this is unlikely due to three factors; affordability, Brexit concerns and a realistic approach from current sellers. However, seasonality often brings about peaks and lows in terms of values, so we may see a rise for the first quarter of 2017 before the market stabilises.

My take on 2017 is that I believe it will offer much more modest increases, in comparison to the rate of growth we have seen in the last few years, despite the lack of supply we may be experiencing.

In conclusion, whether you are planning to buy, or sell, there's not a lot of point in sitting on the fence. I certainly feel very confident about the market we're moving forward with. 

Have a great Christmas and a successful New Year!

Over the last 12 months we have seen a lot of changes come about, both to the industry and to our own company here at Mackenzie Smith. It has been a year of growth, new legislation, new homes, new team members, weddings, proposals and much more.

We've taken a look back to see how the market reacted and where we might be going next year.