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 Market News…..Jan 2009Tom Gladwin : 21 January 2009 The New Year has kicked off with a flurry of activity. We've already secured sales on a significant number of properties this year. Click here to view some of our recent successes (Market News Jan 09.pdf) New BuyersThere's also been an increased number of new buyers registering, a rise in new properties coming to market and definitely a feeling of renewed confidence. People seem to have realized that it is now far cheaper to buy than to rent. The strong level of interest from European investors which we saw at the end of last year shows no sign of slowing with more buyers keen to take advantage of the strong Euro. FeedbackPertinent advertising and strategic marketing combined with regular client feedback and market updates results in maximum interest in the properties on our books, and clients who are well informed and best positioned to know which offer is the right one to accept. Greater Mortgage ChoiceWe expect that, following the latest round of Government support for our banks, lending criteria should relax and a greater number of mortgage products will become available over the coming months. Our preferred mortgage broker Chapelgate Associates (0207 722 6777) have said “We are already seeing more available deals, and more lenders are indicating that they are preparing to re-enter the market-place with competitive rates.” All in all it has been a very exciting start to the year, which we expect to continue and to strengthen over the coming months.
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