October Market Comment

Added on 14 October 2019

Figures released from various sources suggest that the market – in terms of house prices at least, are holding their own, despite the political uncertainty we are currently witnessing. Year on year figures range from +0.6% (Land Registry) to +1.1% (Halifax). Nothing spectacular as an investment return, but it does demonstrate once again how resilient and reliable property can be – especially when it is regarded as a home rather than a commodity.

In the absence of the speculative buyers of yesteryear, the fact is that today’s buyers still need to buy and they have real reasons for doing so – job, marriage, children, divorce, debt, death etc. Affordability is at a record high and both unemployment and interest rates remain at a record low. In other words, all the metrics are in place for sustained stability in the housing market. If anything were to have dramatically affected the property market – it would have done so by now; and any issues caused by a weaker pound have apparently been offset by an influx of overseas investors looking to pick up a bargain.  

Of course, prices have also been maintained by a slight shortage of stock in relation to relatively high demand. This shortage seems to have been caused by potential sellers sitting on the fence waiting to see the outcome of Brexit. Interestingly their “worry” could actually prove to become a self-fulfilling prophesy as, once we have some clarity over Brexit, the floodgates will no doubt open, and many people will want to get moving once again, thereby increasing supply and potentially weakening prices (a bit). 

In the meantime – we are enjoying the current level of buyer activity and if you’d like to take advantage of this lull before the storm, you could do worse than to consider selling before the end of the year.

Please feel free to call us today for a free no-obligation marketing proposal on 03330 430090.

Peter Ryder

Managing Director

Thorntons Property

 

News Index

October 2021
18 The importance of using a professional photographer
September 2021
13 Virtual Tours
August 2021
30 Why Compromise16 Dundee Property Prices2 Property Market Booming in Angus
July 2021
6 Maximise Sale Prospects
June 2021
11 Client Protection
May 2021
31 Tips for Property5 Improving your property for sale.
April 2021
5 Charity Wills Campaign
March 2021
22 The Friday Move. 11 Affordability
February 2021
15 Property expert believes sales are only restricted by the number of homes coming to market8 February Market Comment
January 2021
25 Moving before Retirement18 The Independent Choice8 January Market Report
December 2020
23 Starting the New Year with thousands of prospective buyers
November 2020
9 Property Improvements
October 2020
9 October Market Comment
September 2020
14 September Market Comment
August 2020
23 Property Market Update7 Property market boom set to last three to six months
June 2020
21 Market Comment
April 2020
27 Property Market Update8 Coronavirus (Scotland) Act 2020 - Impact on the private rented sector
February 2020
24 Leap Year10 February Market Comment3 Social Media Marketing
January 2020
27 Downsizing Dilemma8 A New Dawn6 Is A “For Sale” Board Really Necessary?”
December 2019
13 Election Result, What it means for property9 December Market Update
November 2019
18 November Market Comment4 “Timing Your Sale for the Market”
October 2019
21 Lighting Up14 October Market Comment
September 2019
23 September Market Comment9 Showing Buyers Your Property
August 2019
27 “What About The Children?” 12 Is it worth extending?
July 2019
29 Courteous Buyer15 Alarming News!1 Local staff, local knowledge
June 2019
3 “A Feeling of Space”
May 2019
13 Seven Days6 Working with Builders
April 2019
27 “What Does Viewing Feedback Really Mean?”15 The Right People1 “Old Money’s Influence”
March 2019
4 Property Market Update
February 2019
21 Thorntons raise £62,000 for Cash for Kids16 Moving Distance5 A Grand Entrance
January 2019
28 “Home”5 2019 - The Year Ahead.
December 2018
10 “Home”
November 2018
19 Buying on Instinct
October 2018
22 “The Power of Information”3 “Should I, Shouldn’t I?”
September 2018
17 Other Forces11 Act Now for a Xmas Move. 3 Supporting the Fun-Fuelled Club
August 2018
31 Market Comment13 “Plans for a Successful Sale”2 Interest Rate Rise Aug 2018 - Market Comment
July 2018
24 “Ten Branches - Our Secret Weapon”
June 2018
17 “Why Use An Estate Agent At All?”2 The Skilled Agent
May 2018
14 “Waiting in Hope?”7 “A Question of Preference”
April 2018
16 “Buying an Unmodernised Property”
March 2018
19 “Will the Internet Replace Estate Agents?”
February 2018
26 “Quick Tips to Maximise your Sale”5 “Identity Caution When Moving House”
January 2018
22 “How Long Has It Been On The Market?”8 “Valuation Versus Value”
December 2017
28 “How Many Should We See?”4 “Optimising Your Saleability”
November 2017
20 “This year - Don’t wait till Spring!”13 “Defects And Disputes – Should I Disclose Them?”2 The first interest rate rise in a decade
October 2017
16 “Selling Tips for Autumn”1 “Might Sell, Might Not!”
September 2017
25 “Prepare to Paint”16 “Ask the Expert!”
August 2017
13 “Making Moving Easier”
July 2017
31 “Working from Home”24 “Something to Shout About” 16 “The Kitchen is the Heart of the Home”
June 2017
26 “Improvements – Are They Worth It?”21 “Location, Location”10 Agents’ Skills in Demand
May 2017
22 “Deciding on Price” (Part Two)10 “Deciding On Price” (Part One)
April 2017
24 “Advertising for Results” 17 “Should We Accept The Offer?”11 “Put your back into it”1 “Who’s Choosing Your Home?”
March 2017
20 “Hit The Road”13 “Catch 22 –Should I Sell First or Buy?”6 “Working In Partnership with your Estate Agent”
February 2017
27 FEB REPORT - “Slow Growth with Strong Demand”20 “Why Overpricing May Leave You Out Of Pocket”13 “Cupid the Estate Agent?”7 “How Long Has It Been On The Market?”
January 2017
29 Market report – January 201717 “Valuation Versus Value”8 “How Many Should We See?”
December 2016
17 “Should Your House Have Sold By Now?”5 “Removal Planning”
November 2016
27 “A Winter’s Sale?”21 “Distorted Opinions?”14 “The Advertising Myth”7 “A Move by Christmas?”
October 2016
31 “Finding the Right Property”17 “Relative Values”
September 2016
26 “It’s Not Just About Selling”19 A Proactive Approach Essential5 Avoid Virtual Tours
August 2016
29 How Serious is my Buyer?22 Clutter Costs !15 The Feelgood Factor8 The Agent you Prefer - at the Right Price
July 2016
30 First Impressions25 Choosing Your Solicitor18 Should I Sell During the Summer Holidays?1 What does Brexit mean for the Scottish property market
June 2016
17 Top tips for viewing properties like a pro17 5 methods for improving your kerb appeal17 Tips for saving for a deposit
May 2016
30 Property perfect move for Natalie
January 2016
29 Thorntons Top after ESPC Mystery Shop
December 2015
22 Increased buyer demand will drive house prices up during 201620 Property solicitor gives local food bank a boost15 Second home levy will boost Dundee property market
November 2015
11 Unique opportunity to buy a stunning new home in an award-winning development in St Andrews
September 2015
16 Tayside property specialists lead the way in boom time

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