17 February 2020
Nigel Price Chairman of Goadsby Residential reports a strong bounce in activity in the residential sales market since the beginning of January.
“Sales across our 23 branches are up 17% as compared to the same period last year” enthused Nigel.
The overall market activity in 2019 was very subdued and clearly potential buyers were holding off making decisions with the uncertainty of both Brexit and the General election, with these now resolved we are without doubt seeing an increase in confidence.
We have agreed sales on over £73 million pounds worth of property since the New Year began, with our average sale price being just over £300,000. As always we have been selling property right across the spectrum from a one bedroom first time buyer flat at £150,000, a luxury 3 bedroom apartment in excess of £600,000 to a character family home with delightful views at nearly £1 million and everything in between.
“With interest rates historically low, full employment, low inflation and the continued availability of Help to Buy we envisage that the Residential sales market should continue this year in the way that it has started” explained an optimistic Nigel.
“I would recommend that with the increase in activity those homeowners considering selling should put their property on the market sooner rather than later” confirmed Nigel.