Market Brief: Spring may finally be in the air!
There’s an old adage that the market doesn’t start to pick up until the leaves are on the trees and that certainly seems to be the case this year.
The unusually late Spring has affected the property market with people still holding off from selling their property as they’re waiting until the gardens are looking at their best. There are also similar economic headwinds to contend with as a rise in interest rates predicted for later this month is making buyers cautious.
As discussed last month, York continues to be a hugely sought-after location and property is in high demand although it is important to remember that realistic pricing is key to achieving a timely and successful sales process.
The shortage of properties on the market is having an effect on longer chains with many sellers struggling to find a suitable new property to purchase. Assistance with sales progression is vital in situations like this, and our dedicated sales negotiators are on hand to help and ensure that sales progress as smoothly as possible.
However, as we head into May it finally feels like Spring is on its way, and after a few false starts in April, fingers are crossed for a warm Bank Holiday weekend!