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Market Comment
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Property Market Update - May 2013
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.
 
Propety Market Update - April 2013
Date: 04 Apr 2013  Written By Paul Gillespie
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.
 
Property Market Update - March 2013
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.
 
Property Market Update - February 2013
Date: 29 Jan 2013  Written By Paul Gillespie
We've started 2013 with an increased energy and drive. Demand remains good, with some very motivated buyers registering. The shortage of available property means those that are sensibly priced, in the right location and well-presented, are attracting considerable interest and some excellent sale prices are being obtained. Although external economic factors certainly affected the property market in 2012, we are confident that homeowners wishing to sell are viewing the New Year as a fresh opportunity to make the most of the increased levels of driven buyers.
 
2013 Property Market Outlook
Date: 05 Jan 2013  Written By Paul Gillespie
The Eurozone crisis, the availability of mortgages, the tail end of a double-dip recession in addition to the one-off events of the Jubilee celebrations and the Olympics, meant that 2012 was a challenging year for the property market. Towards the end of 2012 the UK officially came out of recession however we still have a long way to go. Sustained growth is what is required and only then; will we see substantial drops in unemployment numbers. Nevertheless, things are moving in the right direction and a survey of UK employers carried out by Manpower, suggests that 6% of all UK firms are looking to recruit in the first quarter of 2013, which is up on the recent years of recession.
 
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