streets ahead
Book  a  Sales  Valuation
Book  a  Lettings  Valuation

News

Book a Valuation
Register with us
£
to
£
to

3rd April 2017

Market Comment – April 2017

Whilst all around seem to be talking and concentrating on the United Kingdom triggering article 50, giving us 2 years to leave the European union, at Streets Ahead we marched on and produced very solid and stable results throughout March. There have been conflicting projections and reports in the newspapers, with the footsie reaching record highs, some house builders optimistic and some cautious even airing on the side of pessimistic, although all agree that we need to build more homes and the supply is not meeting the demand.

I was interested to read a lot on Theresa May, kick starting the Brexit process and the impact this will have on the housing market in Britain. However, I read in a recent report that 43% of Londoners think that UK house prices will rise once the country leaves the European union. I think a lot depends on the result of negotiations over the next 712 days and as I have mentioned, we still need to build many more homes of all sizes to meet the demand.

Turning to our own figures both on the residential Sales and Lettings market, our new house sales (second hand stock) was up 8% on the same month 2016, however the number of lets across our group was only up 2%, so great to see stable and much improved, but it goes to show that Croydon is bucking the trend once again when it comes to London house selling. We saw a marginal increase of 1% on the same month last year with rents achieved and new registrations for prospective tenants were up 5% on the same month last year. So all in all a healthy overview with no statistic decreasing.

Once again March saw good activity in the New Homes market and I was pleased to see the number of enquiries from prospective home owners and investors looking to buy new properties also remained healthy.

So from a business point of view, I am delighted with March and as I started this month’s market comment, March was best described as solid and steady. The outlook for April is already looking good, and I look forward to reporting back to you mid-April with interim results.

Gary O’Hare

My Property Value?

Just curious of the value, hearing and reading conflicting media reports or re-mortgaging? You can rest assured that you're in safe hands with our expert team.

Award Winning Agents

Its important to know that your in safe hands and with over 30 national awards from the The Sunday Times and the Times and the Guardian, our customer is second to none.

Careers

People are our most important asset and we are committed to providing a friendly, professional and supportive environment where employees at every level can develop to their full potential.

Our Foundation

Our foundation is part of our culture and we’re delighted to be able to make a difference with so many local worthy causes and charities.
If you know a worthy cause that needs our help, we'd love to hear from you.

Contact Us

We want to hear from you. We have 90 experienced experts on hand 7 days a week to help you with all your property requirements.