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First Time Buyers are often the key to the housing market, once they start moving, the rest of the market will follow suit. According to the latest Housing Market Report from the National Association of Estate Agents (NAEA), a third of total sales in October were agreed to FTB’s, a nine percent rise from September and the highest number since recorded began 16 years ago in 2000.
The report also confirmed that the supply of available properties has increased to its highest level since March this year with the average number of buyers having also increased to the highest level since February.
Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) comments on the findings: “This month’s report paints a positive picture for the UK housing market. Our findings over the last few months indicated mild uncertainty immediately following Brexit – and last month we even saw sales to FTBs fall. After shrugging off the uncertainty, we have seen an increase in supply and a rise in the number of sales to FTBs this month – proof the market is beginning to bounce back.
“Clearly what we need now though is a clear plan as to how the Government is going to tackle the chronic shortage of homes that we are facing. During the Autumn Statement, the Chancellor announced a boost to house-building which is a start but sadly nowhere near enough. We have high hopes for the Housing White Paper as this will set the housing strategy and intent for this Government going forward.”
Graham Sheardown, senior valuer, confirmed that the local picture was just as optimistic. He said: "We are definitely seeing signs of this, we still have a shortage of houses for this type of buyer, who are also now competing with investors who have also returned to the market a similar price level. When we list houses that are more suited to our first time buyers we are getting lots of viewings on open days which often result in 'sealed bids' and in some situations achieving offers in excess of the asking price. We are very interested in listing more properties to sell to our growing list of buyers."
If you are considering selling your home, we would be happy to give you a free, no obligation market appraisal. Call us today on 0115 9811888.
BUILD Magazine has awarded Royston & Lund Estate Agents ‘Best Local Lettings Agent - East Midlands’ in the 2016 Real Estate & Property Awards.
Now in its second year, the BUILD Magazine awards celebrates the very best companies, and the talented individuals behind them, that have shaped the built environment globally over the past twelve months.
This does not merely include those who physically work to create the buildings, such as architects and surveyors, but also those working behind the scenes to keep the market moving: the estate agents, property lawyers and financiers whose expertise ensures that the clients successfully climb the property ladder and find what they need at the top.
Nathan Angell, Awards Co-ordinator, expressed his pride in the award winners: “The real estate and property market is of vital importance to the overall construction market, and as such it is great to be able to turn the spotlight on Royston & Lund Estate Agents and I would like to wish them every success going forward.”
Upon receiving the award Stephanie Caine, Lettings Director says “We are proud to have won the Real Estate Award for the East Midlands area. As a local independent agent we are delighted that our focus on high customer service working alongside our expertise of the industry has been recognised in the East Midlands region. With the forever changing legal aspects within the private rental sector it is of great important to us to make sure we strive to achieve our goal of providing our landlords with knowledge and integrity which in turn helps us in delivering results.
Have you got a rental property that we could assist you with? Are you considering becoming a landlord? Contact usnow to see how we can help you http://www.royston-lund.co.uk/contact-us
All our landlord help sheets and services are available to view here: http://www.royston-lund.co.uk/lettings/landlords
Our current available properties to let http://www.royston-lund.co.uk/lettings/tenants/properties-to-let
Royston and Lund Estate Agents are very proud to announce that we have just won The British Property Award for the West Bridgford area and have subsequently been shortlisted for both regional and national awards! These awards will be announced on 9th September at a ceremony in London to be presented by Martin Roberts from Homes Under The Hammer.
The award is based on "mystery shopping" local agents against a set of 25 criteria to obtain a balanced overview of their customer service levels. A spokesman from The British Property Awards said " If an agent has been attributed with one of our awards, it is simply down to the fantastic customer service levels that they have demonstrated across a prolonged period of time. Any agent who has been attributed with our award should be proud that their customer service levels provide a benchmark for their local competition."
As a local independent agent, we are delighted that our high levels of customer service have been recognised and we have therefore been awarded this title.