An update from Mark on The Country Property Market
There is no doubt the Country Property Market is facing one if its most challenging periods for some considerable time. We are all aware of the uncertainty in the economy, and with little confidence in UK PLC - transaction volumes have reduced and price reduction seems to be the favourite word on Rightmove.
From a recent newsletter on Rightmove, the headline said ‘new sellers lower prices in June’ which in my language says prices are falling.
However, over the last few weeks we have agreed a number of sales at all price levels and the old saying of ‘if the price is right, the house will sell’ has never been more relevant. I have banged on for some considerable time saying you need to be IN THE MARKET, not ON THE MARKET. When appropriate price reductions have taken place, there appear to be plenty of motivated buyers.
Buyers are more selective, and more value conscious. Most of our buyers are coming from further afield and all the agents I speak too in the home counties are reporting the same. What we have to do is to adapt to todays price and not yesterdays.
In short, it is a tougher market but there is plenty of activity.
Below is a sample of some of our houses that we are offering over £850,000 - as you can see there is a fantastic range and hopefully 1 or 2 of these will wet your appetite.
Guide price £1,100,000
Guide price £1,350,000
Guide price £1,250,000
Guide price £895,000
Guide price £1,700,000
Guide price £850,000
Guide price £1,395,000
Guide price £1,750,000
Pudleston Estate (Lot 1), HR6 0RA
Guide price £2,750,000
Guide price £1,250,000
Guide price £950,000
Guide price £895,000
Guide price £1,650,000
Guide price £995,000
Guide price £875,000
Guide price £2,500,000
Guide price £1,750,000
Guide price £1,250,000