Market Brief: Keep Calm and Carry On
We have had a positive start to the year, despite the looming uncertainty of Brexit, with the number of valuation requests up 30% on this time last year.
This suggests that people are still wanting to get on with life, although the relentless media coverage is hard to ignore and will only continue given the outcome of the last week in Westminster! As a result, we are noticing that people are holding off that bit longer before actually placing their property on the market as they wait to see how things will unfold in the wider economy.
However, it must be remembered that much of this coverage and the focus on property prices is very ‘London centric’ and I am confident that whatever the outcome of March 29th, the property market in the North, and York in particular, will weather the storm well.
York remains a hugely desirable place to live and only recently Rightmove revealed that York was the second most searched for place outside of London! Demand for both sales and rental properties continues to outstrip supply in the city and whilst there are a lot of new developments in the pipeline, I cannot see this changing any time soon.
My message for anyone actively looking to buy, sell or rent is most definitely, keep calm and carry on!
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