As we enter the final phase of what has been an extremely productive year in the property market, there is still much to play out on the world stage. As we have always seen with national news stories, whilst they don’t have a direct link to the property market itself; negative news stories can affect public confidence which in turn affects transaction levels. The number of properties being transacted in the UK has been dropping since last October and house price growth has been slowing. This is not a general disaster but it makes us mindful that competitive and realistic pricing of property coming to the market is going to be key in securing a buyer over the coming months. We may see a positive Brexit bounce towards the end of the year, interrupted only by Christmas and depending on what happens in the world stage we should see another robust year in the property market in 2020. If you are unsure about when to bring your house on the market or any other property related questions please don’t hesitate to get in touch with us by one of our helpful and friendly, knowledgeable staff will be only too happy to help.
As we approach the halfway mark through what has been an exciting and extremely productive year in the property market, we begin to look forward to the second half of the year and what this may bring. Stock levels of property to the market have increased greatly, not only in the county but also across the country. There have been reports of a slowdown in the London centric property market, although this has not rippled out to the rest of the country. The East Midlands continues to be a stronghold for property values and we anticipate a continued level of interest in houses for sale over the next six months, despite many external factors.
Bentons are delighted to announce that they are participating in a nationwide event organised by Relocation Agent Network to collect at least 10,000 items of food (and other daily necessities) for local foodbanks. Taking place between 13 and 20 June, the event - #RANFoodbank10k – will see Relocation Agent Network members across England, Scotland and Wales join forces to help tackle food poverty in the UK.
Bentons encourage everyone in the local community to visit their office in Melton Mowbray to donate any spare food items or other vital supplies like toiletries, that they may have. The foodbanks local to Melton Mowbray are in particular need of the following:
-Tinned fruit or custard
-Quick pasta meals
-Tinned vegetables and potatoes
-Pasta sauce jars
-Men’s clothing for example jeans, T-shirts, shoes -Bedding for example sheets, duvet covers, duvets and pillows
This is the second year that Relocation Agent Network has hosted such an event, which coincides with Agents Giving’s ‘Donate a Food Parcel Day’ on 20 June. Agents Giving is a UK-based charity that works with estate and letting agents and their suppliers to encourage and support fundraising activities.
Richard Harrison of Bentons has said, “We’re thrilled to be taking part in this fundraising initiative, especially one that makes such a positive impact to those in need in our local community. Next time you pop to the supermarket, consider picking up an extra item and bringing it to our office during this week in June, we’d love to hit our target of collecting 10,000 items!”
The property market throughout the late winter/early spring period has been surprisingly active with a much larger number of new instructions to the market and also sales year on year. There has been a particular resurgence in the middle to upper end of the market, with many large properties over £1 million selling much more easily. Many clients ask if there is a negative effect from Brexit, this is certainly not the case and we are experiencing extremely high levels of activity in all departments.
If you are looking to sell your property, now is the absolute prime time and we urge you to speak to one of our expert valuers as soon as possible.
Yesterday was an important day in Melton Mowbray’s food calendar, it was the British Pie Awards, which was held in the stunning venue of St Mary’s Church. Bentons take great joy in supporting such local events, which highlight our ‘Rural Capital of Food’. Two of our team had the very tough job of joining the team of judges for the day! Andrea and Clare started the day judging the Bentons sponsored class, Dessert Pies and wrapped the day up helping the team judge the Steak Pie entries. A very lovely day enjoyed by all.
At Bentons, we have seen an incredible start to the year which flies in the face of pundits expectations regarding the property market. There have been a considerable number of new vendors which has kept the supply of new property to the market well stocked. This in itself has generated a superb level of interest from buyers, both existing and new.
Whilst most people are not mentioning Brexit this remains an uncertainty that is unpredictable to say the least. We anticipate that with the increased level of stock and goodwill from both buyers and sellers, we should see a robust market for the rest of this year.