There have been various reports in the press in recent weeks about improvements in the general economy. Coupled with this there have also been encouraging references to signs of a recovery in the housing market. There are of course tremendous vagaries within “the housing market”. These in particular vary from area to area and we find there is great emphasis placed on what is happening in London and the South. At JW Wood we believe that the market is actually property specific where we can see a difference in price within the same street.
We are very encouraged indeed with these reports and in fact we have seen a considerable upturn in confidence and demand in recent months. Throughout our 6 branch network August for instance has been the best month we have had for sales agreed since October 2007 which was looking back the start of the market downturn. Whilst the market is not necessarily “fixed” we are confident that these improvements will continue through the autumn and indeed into 2014 with the introduction of the Help To Buy scheme which is scheduled to launch in the New Year.
The market is still erratic and price sensitive so it continues to be vital to seek professional advice and guidance which can be offered through any JW Wood branch.