Market Comment – August 2019

I trust everybody had a great Summer, if not unusually hot but great for BBQ’s and for prospective purchasers and tenants out viewing in the evening and weekend.

Last year, when we experienced temperatures of 23 degrees, I was surprised that the viewing figures were up and not down and this year it came as no surprise and there was even more of a spike in activity then I expected. Conversely, new registrations were slightly down at 432 new registrations for prospective purchasers then the month before, but the devil is in the detail and these purchasers although a little bit down were more active.

New sales were very similar to July and traditionally we see a spike in September and I am looking forward to seeing what September brings.

Lettings were as busy as ever and on Friday 16th our lettings department throughout the group arranged a whopping 372 viewings.

Turning to New Homes we had our best month ever for exchanged units and we are looking forward to September and welcoming all the new clients to their new homes.

I look forward to reporting back to you all at the end of September which is ordinarily one of the best months of the year both for sales and lettings.