Market Brief: Now is the time to get ahead of the market
I am pleased to report that the positive start to the year continued throughout January with houses selling very well. With a fairly limited number of new properties coming to market at the moment, those that are, get noticed. This indicates many people are continuing to get on with their lives, despite the wider economic uncertainties.
In fact, I would suggest that now is a very good time to put your property on market if you are looking to sell. There are plenty of serious buyers out there and, knowing that some people are holding off on selling until after Brexit, there is likely to be a flood of new homes onto the market in early April – although I’m not sure we’ll be any more certain by then!
Of course, Spring is already a traditionally busy time for the market and I am confident that despite the Brexit deadline, we’ll see it getting busy again this year. The property market in the North is proving to be much more resilient than the South as it’s less dependent on overseas investment, which will undoubtedly be steadied when we leave the EU.
With this in mind, it’s great to see developers showing real confidence in the York property market with lots of new developments launching this Spring. This is a solid indicator of the market’s strength - if the developers didn’t believe the buyers were there, they wouldn’t be continuing to build.
So, with it starting to feel like Spring is just around the corner as the temperatures start to rise and the nights are drawing out, now is very much the time to get ahead!