We are seeing a good proportion of first time buyers getting on the property ladder. Acquiring a decent deposit is still a problem for many, and they need 10% or more to get the best rates available. The higher end of the market remains fickle although there have been several large deals agreed recently – again buyers are looking for value and if they can find it they will buy. The drop in house price values appears to be slowing and we would anticipate that we are approaching a floor price wise. The increase in sales is now in balance with property instructions and providing local and external factors remain relatively constant we would not anticipate any further erosion in values.
Martel Maides Property Matters - October 2016 Report
The October property market has largely carried through at the same tempo as September. The Local Market is to some extent experiencing ‘parallel worlds’ in that there is a fast paced, fluid market where vendors are realistic and purchasers ready to go. Lenders generally seem a bit happier these days and that return of confidence is feeding through to the market more generally.