As the summer months approach swiftly with the weather improving and gardens in full bloom, it’s not an overstatement to say that there are substantial levels of stock available for the first time in over 12 months.
With the increasingly frequent sunshine providing a valuable opportunity for vendors to capture the essential photographs for their spring marketing campaigns, this summer presents a unique chance to seize this moment.
What sets this market apart is the emergence of downsizers who are finally making their move. In fact, several of our vendors are in this position, and it’s fascinating to hear their reasons for deciding to find smaller properties.
Five years after the pandemic, when the housing market experienced a surge in activity as buyers sought to relocate to the countryside, enabling remote working and leaving urban life behind, many potential downsizers remained in place due to their advanced age.
This period was followed by an economic downturn characterised by rising inflation and interest rates, which further delayed property transactions. Since then, interest rates have gradually declined, albeit at a slow pace, due to persistent inflationary pressures and broader economic uncertainties. Consequently, those who postponed their moves have grown weary of the waiting period and are now eager to resume their lives.
We are thrilled about the potential properties coming to the market this summer and hope we can assist you with your next move.
You can contact us on:
office@hancockpartners.co.uk
Sales:
01243 531155
Lettings:
01243 531111