July and August are often slightly quieter months, in terms of the volume of viewings as people take their annual holiday, but we look forward to a resurgence in activity in September to re-establish the improved momentum from the first half of this year.
Martel Maides Property Matters - July 2016 Report
The past month has been chaotic in terms of the political turmoil in the UK and this appears to have affected purchasers’ confidence in the UK and also to some extent, within the island. That is not to say that properties are not selling, there are still homes going under offer. However, there is a level of caution and a ‘wait and see’ attitude - particularly as the base rate was maintained at the recent level of 0.5% this month, but with an indication that there may be a reduction ahead.