Our director, Dan O’Brien, shares what we’ve been up to and some market analysis for those looking to buy or sell in this year….
Firstly, a huge welcome to all our new subscribers. Our aim going forward is to provide you with a monthly update on the housing market, while also sharing some stories and anecdotes of what we’ve been up to.
Since my arrival at the start of May, we have been busy continuing and evolving the great work crafted by Aucoot’s founder, John McDavid. The welcome my team and I received was wonderful, and it’s been so great to see us invited into so many houses over the past few months to discuss how we can help form their strategy to sell.
In the short time I have been here, we have seen and launched a number of beautiful homes across London and the South-East. While market conditions during this period haven’t necessarily been considered favourable, sentiment has been steadily improving and when well-crafted homes come to the market –no matter the economic conditions – there is always pent-up demand from those looking for something truly unique.
Having worked at the forefront of the industry for 22 years, I have learnt to naturally predict changes to the market, and I sense one is upon us. The election result will bring with it much-needed change politically and economically. While there is still a cloud over Labour’s long-term plans for property taxes, buyers and sellers will see the change of government as a long-awaited opportunity to buy in more politically stable times.
To compound this, many are also predicting that we will soon see the first base drop from the Bank of England since it was set at 5.25% back in August ’23. This creates the perfect conditions for change, and from experience, I now expect the autumn market to come early and market activity to pick up exponentially during the next few months.
