2018 AUCTION HIGHLIGHTS AND REVIEW An interesting and challenging year leading to even more auction success… tepping up to the rostrum for our final and largest auction of the year on the same day as the Governor of the Bank of England announced a possible 35% drop in property prices could be regarded as a daunting prospect but not for us… S
Has a clear picture of the market emerged at the end of 2018? What seems clear to us was an insatiable desire for quality instructions which sold for well above their guide prices. Other areas of the market remain somewhat
We are quite sure you do not wish to have any further comments from us on the dreaded ‘B’ word, other than to say, that in such times it is clear the tangible benefits of property is still a reassuring and attractive investment.
unpredictable. Sensible and accurate guide prices are essential to achieve a successful, if somewhat modest sale, however, there is always the hope of that unpredictable and exciting auction bonus! Looking Forward to 2019
Never has the phrase “An Englishman’s Home is his castle” been truer than in these tortuously entertaining days provided by our politicians. As one of the oldest democracies in the world, in uncertain times, it is clear that the British still place their confidence in solid bricks and mortar! Reflecting on the regions property market this year a clear picture has emerged. Low interest rates and a general shortage of property led to an
It is highly likely we will experience some highs and lows in the property market but with a shortage of property, continuing low interest rates and the public’s general desire to “just get on with it” should combine to alleviate any undesirable effects of the uncertainty of the political world. Whatever our predictions, however, Auctions offer a true reflection of the property world and the wider economy and we look forward to leading the way and working with you for another year . ANDREW MORGAN MBE & OLLY HOLLIS
ebullient start to the year and whilst this exuberance had been slightly tempered in the second half of the year, the results have remained encouraging. In fact, for quality instructions at all price levels, competition remains fierce, as demonstrated in the auction saleroom where many properties handsomely exceeded their Guide Prices. Over the years it has been interesting to see how the profile of buyers has changed with more and more first time buyers and families now viewing auctions as a mainstream method of purchasing a home.
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