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Market Comment
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Date: 05 Jul 2013  Written By Paul Gillespie
The sun has finally decided to make an appearance and we have our first British Wimbledon champion since 1936. After a thrilling and historic final, it’s goodbye 1936 and hello Murraytime! There is no doubt that Britain’s property market is looking better now than it has for some time. A series of latest studies have pointed to a pick-up in the housing market in recent months, with many reporting that first-time buyers are finding it easier to get a mortgage deal and sellers are growing more confident about sticking close to asking prices. The supply of property for sale has been and is relatively limited meaning that buyers have to offer quickly to avoid being disappointed.

Date: 06 Jun 2013  Written By Paul Gillespie
Almost half way through the year and the housing market recovery continues to go from strength to strength, which in turn is having a positive impact on consumer outlook. Actual house prices continue to rise with Rightmove reporting that last month’s 2.1% (+£5,135) has left the national average just shy of a quarter of a million pounds at £249,841, surpassing the previous high by £3,606. The site itself has also seen record traffic, with 1.25 billion pages viewed in April, a 20% rise on last year.

Date: 02 May 2013  Written By Paul Gillespie
Following a wintry start to the Spring, which brought the coldest April for 24 years, the outlook for the UK property market looks set to improve through the course of 2013 as more than a million people are expected to move homes, driven by (and indeed leading to) increasing market activity. Prices are rising and first time buyers are finally returning to the market, helping to kick start the process from bottom up.

Date: 04 Apr 2013  Written By -
As we look forward to the end of the long run of freezing temperatures, the feel good factor appears to be returning to the UK housing market. Rightmove report that as we enter the spring market, new sellers’ asking prices are the highest ever recorded in the month of March and that last month also saw a 12% increase in new seller numbers. We are already seeing that with growing numbers of attractively priced mortgage schemes available, an increasing number of buyers who have been holding back from making a move are now committing to buying.

Date: 04 Mar 2013  Written By Paul Gillespie
I hope that February proved to be a good month for you. At Gibbs Gillespie it was a month where I am delighted to report that the property market for both sales and lettings has been both busy and productive. A good indicator for the general health of the market is the property portals and Rightmove have just reported a very busy start to the year, with a high number of visitors and a rising level of property listings. This echoes our own findings with our network of six sales offices all reporting that they have been extremely busy so far this year.

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