streets ahead
Book  a  Sales  Valuation
Book  a  Lettings  Valuation


Book a Valuation
Register with us

1st August 2016

Market Comment – August 2016

Gary-4x3July has proved a positive month because my staff and I have remained positive, sometimes battling against the gloomongers and experts who can only talk of nothing else but a slowdown.

We remain extremely positive at Streets Ahead and I have spoken to other leading independent estate agents both in south east London and around the country who have echoed our sentiments in that as long as we are advising vendors correctly and asking prices are not pitched too high which we believe would be counterproductive, buyer demand has remained constant over the last 3 months.

The Bank of England has already met in July and the Governor of the Bank of England, Mark Carney has decided to keep interest rates at 0.5%, however a cut of 0.25% is widely expected early in August and whilst this is pure speculation, this gives even more confidence for buyers to snap up fantastic mortgage deals from HSBC’s 0.99% fixed for 2 years or a 10 year fixed as low as 2.39% and it is my opinion as long as these fantastic mortgage deals are available, the demand for home ownership will overcome most and any uncertainties.

We concur the sentiment of our industries governing body, The National Association of Estate Agents that instantly following the Brexit result there was a very small drop in demand, however this levelled out in the rest of July and I am looking forward to remaining positive during August. Interestingly enough, July remained our second best month for new instructions to the market in 2016 and this is a clear indication that people want to move.

Turning to the new homes of which I thought there might be a stumble as we have many investor’s both locally, nationally and internationally and also as it is a less emotive purchase, I am pleased that we maintained our stock and sales levels as many investors are still seeing a better return on their money than other savings returns and most investors take the medium/long term view as opposed to the short term gain.

The lettings market across our group was fairly static with a 2% increase in new prospective tenants registering and a 4% increase in new lettings properties coming to the market.

Whilst many of you will be looking forward to your annual holiday in August, both my team and I are looking forward to a solid and positive sales and lettings month and I look forward to reporting to you at the end of August.

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 you’re in safe hands and with over 30 national awards from the The Sunday Times, The Times, The Guardian and the British Property Awards, our customer service is second to none.


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.