IN THE COUNTRY &TOWN Welcome to
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The Only Stable Show In Town!
With a chaotic backdrop of political, economic, and world circumstances most would think the residential property market should by now be entering a slowdown at the very least. So what’s going on and will it be bust for the robust house market that has been in place in recent years? As always, we look to the shop floor experience of today for indicators that will show us some insight into the near future. So much of the media commentary is geared to headline attention seeking, so bad news is the template of preference. Furthermore, most commentators obtain the house market statistics from the Land Registry which records house transaction completions, so such a source of statistical information will always be out of date with the market of the day and what’s happening on the shop floor. So here’s the real deal.The upward movement in house prices has stopped and flattened out, however, that doesn’t mean the market has slowed. House sale transactions are remaining very high and buyer demand remains strong.There is currently a remarkable resilience in the house market.When establishing market conditions and short term outlook, we look to the live experiences of what is happening in our High Street branches, especially in large towns where the range of property transaction is wide in terms of price sectors. Our Fleet branch is one such temperature gauge for the market, and the trading insights in September and October showed an outcome that demonstrated remarkable resilience. If the media headlines were to be believed, house buyers would have been withdrawing from purchases and new buyer enquiries would have been at a low level. Instead, this town branch alone recorded a level of property exchanges in September of £9.3m. and more importantly, that was supported by a similar level of new sales arranged in that month.That result was closely followed by a similar level of performance in October, so for now buyer demand remains very high but importantly, buyers will be cautious in buying at the right price level. In summary, the market remains resilient and there is plenty of positive life in residential house market as we head to the close of 2022. This digital version of In The Country & Town magazine is the first of what will be a monthly digital edition, so we hope our readers will enjoy the rich editorial content and the opportunity to see some of the finest properties in the house market.We look forward to proving market insights and amazing properties in the next issue of this magazine.
John Holden - Chairman McCarthy Holden
Published by Kilbricken Publishing and John Joe Photography Limited,Telephone: 07470 707275, email jjtopshot@outlook.com, web johnjoe.co.uk. Publishing 2022 - All rights reserved. Reproduction is forbidden except by express permission of the publishers.The content of this magazine is believed to be correct but its accuracy is not guaranteed and it does not form part of any offer or contract. John Joe Limited cannot accept responsibility for any omissions or errors.
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