12
Mar
March Newsletter
Green shoots? I’ve heard that before!!!!
The sun shone last week for what seemed the first time in three
years and what a pleasure it was, I sat in my car, warm for a
change, without having to put the heater up full blast. People in
the street had a smile on their face and were talking to their
friends who they happen to bump into. It also brought viewers out
looking at houses, it usually happens at about this time every
year, from now until mid July before the holiday season gets under
way. We are even taking a few offers on houses from those looking
to cash in on some excellent deals. With interest rates at an all
time low has there ever been a better time to buy?
This is all about confidence and the supply of money, the banks
don’t seem to be doing what Gordon Brown is asking them to
do, i.e. LEND. Once they start lending and giving first time buyers
the money they need, we will then see those green shoots of
recovery for property sales which will be good news for everyone.
If houses sell, people buy carpets, redecorate, replace kitchens,
bathrooms etc, etc, etc, and the economy starts to tick over again.
Listening to the PM on Radio 4 during the week he is convinced that
a deal has been done and this supply of money will be made
available very shortly. We wait with baited breath!
Our St Ives office continues to do well with 18 sales tied up
last month and a promising start to March. Owners are being more
realistic with their pricing, knowing that they are able to make up
their price by offering on the “next one”. If you are
in a position to proceed you are worth a good few thousand pounds
off any asking price. But of course when you find your ideal house
you will pay what you have to, to secure it. The rental market in
St Ives has been a great success, we have taken on and let almost
50 houses over the last three month, clients seem to like our
marketing, our fresh approach and of course the introductory
management fee of just 5%. For more information call Ian Winters on
01480 388888.
In short, we are confident that the next few months will see a
better market than we have seen of late, prices will firm up and
the first time buyers can at last move of their long suffering
parents houses.
Mike Ellis