According to Neil Knight, business development director, official data indicates that the housing market is starting to plateau.
‘Last week, ONS figures revealed that house prices rose at their lowest annual rate in five years and so far, we haven’t seen the usual autumn pick up in sales volumes, possibly because many potential buyers are put off making any big decisions about buying or selling due to the current political and economic uncertainties,’ he said.
‘But having said this, we know there is still an appetite out there for people to move, and the Spicerhaart group of estate agents has seen an increase in the number of buyers looking for property. This should manifest itself down the line as home owners see that there are buyers and realise that selling their homes may not be as difficult as they might fear,’ he pointed out.
‘It’s first and second steppers that are struggling the most, which is why we are working with lots of developers to offer part-exchange and assisted move options, which eliminate chains and helps get things moving,’ he added.