January 2011 – Buckinghamshire & Northamptonshire Property Market Comment
With the onset of snow in December, the property market in Buckinghamshire, Oxfordshire and Northamptonshire ground to a premature halt and that has clearly caused some pent up urgency in buyers. The first weekend of property viewings in January, for estate agents in our region, has been unusually busy, some agents claiming to having had back-to-back viewings on their portfolio throughout the weekend.
Whilst the press continue to paint a picture of doom and gloom and of falling property prices on a national level, one needs to remain realistic about what is happening in their region. We do expect prices to fall over the next twelve months but not substantially enough to concern those who are purchasing on a long term basis. Without a doubt the lower end of the market continues to struggle as first time buyers find it almost impossible to get a foot onto the property ladder due to the large deposits required. This traditionally has a knock on effect at the middle to higher end of the market however this is not proving to be the case at present as many buyers in the middle to top bracket are still in rented accommodation waiting to pounce on THE house when it becomes available. We are witnessing more properties coming to market now than in November and December however the quality houses continue to sell well and quickly, particularly in the £800,000 – £1.5 million bracket which is maintaining prices.
BUCKINGHAMSHIRE PROPERTY MARKET OVERVIEW 2011
NORTHAMPTONSHIRE PROPERTY MARKET OVERVIEW 2011
