Acton, Oval, Balham Estate Agent Davis And Gibbs Announce Sales Market Increase Of 2.6% On Previous
Estate Agent Davis and Gibbs announce House sales up by 2.6% on previous year.
[ClickPress, Sun Oct 24 2010] The sales market has been in the headlines again over recent months with the Halifax recording a drop of 3.6% in September however we are still up by 2.6% from last year with the land registry showing an increase of 11.4% from August 2009 – 2010 (London) so it is still too early to predict a sustained decrease of property prices. Davis & Gibbs www.davisandgibbs.com believe this dip is due to low transaction levels during the holiday period and we have personally seen a lot more activity within the sales market over recent weeks resulting in an increase of offers and agreed sales, we predict that this activity will continue over the next couple of months in the build up to Christmas.
The lettings demand has continued throughout the summer months into September & October resulting in a shortage of rental properties across the market, this has resulted in rents increasing swinging the market in the Landlords favor. The strength of the lettings market throughout 2010 has attracted lenders old and new; Paragon have announced their return to the ‘Buy to Let’ market with 5.3% fixed and trackers starting at 4.3% so the overall opinion is that lettings are here to stay and will continue to grow and develop throughout 2011.
Due to the changing markets in both Sales and Lettings; Davis & Gibbs advise all potential Landlords/Vendors to call us for an up to date market report and free valuation as the DIY option simply will not work in this ultra competitive market.’’
For further information contact:-
Brian Gibbs – Managing Director
Davis and Gibbs,
94 High Street,
Tel: +44(0)208 752 3040