Although Brexit is an ongoing concern for buyers and sellers alike, there are signs of recovery in areas that had previously shown a drop in transactions. Buyers, who were having to bide their time or watch their offers being rejected while the vendor held out for a higher price, are now finding opportunities to acquire the right home, and at a reasonable cost too. This newly realistic approach to pricing by vendors is a key factor.
“Certainly in the local market we are seeing the best houses achieving strong and fast sales,” says Mark in the Bricks & Mortar article.
According to The Times’ analysis, affordability is also a key element in the market recovery. With sellers “getting real” regarding asking prices, buyers are encouraged to have a vested interest and approach properties that suit their brief “so long as they are priced for competition”.