Coast and Country set scene for 2010
8 January 2010 Coast and Country set the scene for 2010.
Pent up demand, fuelled by a financial turmoil in the banking sector and wider economy in the early part of 2009, lead to an increasing level of property sales throughout the autumn. As consumer confidence returned and homebuyer’s perception of their job security increased, demand for quality homes out stripped supply. This has lead to upward pressure on houses prices with some homes changing hands for as much as ten percent more than they would have twelve months previously.
Coast and Country where instructed on substantially more properties than most other agents offices, according to independent Internet data. This has meant they can attract considerable numbers of quality buyers and has fuelled their ongoing run of successful sales. They believe that their register of highly desirable homes at realistic asking prices attract the best possible buyer, leading to quicker completions. This in tern attracts the vendors with the best properties to use their services. Which are underpinned by the extent of their local advertising, Internet presence and national connections.
The partners at Coast and Country expect 2010 to be an interesting and exciting year for the property market, both locally and nationally. They believe that the pent up demand will continue through the early part of the year. The increasing level of mortgage funding which is becoming available will buoy this up. They have advised that mortgage approvals rose in November to over 60,000, twice the number approved in November 2008. They expect this level to slowly increase as an effect of quantitative easing and as more lenders return to the market. They do not however expect levels to return to their peak for several years, as many sources of mortgage funding have dried up completely. Later in the year, with an election looming and with further potential tax increases on the cards they think it is more difficult to be certain how the property market will perform.
Their advice is that now is a good time to make that move. They are certain that the market is currently strong. Buying or selling there are deals to be done on advantageous terms. They are also offering their best ever marking package. With Four weeks of advertising in the MDA guaranteed, just for starters. Enhanced Internet listing. Free HIPS and attractive rates.
Disclaimer
These particulars are intended only as general guidance. The Company therefore gives notice that none of the material issued or visual depictions of any kind made on behalf of the Company can be relied upon as accurately describing any of the Specified Matters prescribed by any Order made under the Property Misdescriptions Act 1991. Nor do they constitute a contract, part of a contract or a warranty.
