2017 – a gaze into the crystal ball

2017 - a gaze into the crystal ball

As 2016 draws to a close, most of us agents will be relieved to welcome in 2017. 2016 was a year of uncertainty due to the prolonged and fractious Brexit campaign. Uncertainty is bad news for the market – what we need is certainty, positivity and a sprightly step into the future.

There is every reason to be positive as we look towards the New Year. Whilst we don’t know the exact terms, we do know that Brexit is pretty much certain to happen. Unemployment remains low, as do interest rates. The UK economy is still showing positive growth. The numbers of new build homes being started and finished is at its highest level for 7 years, according to Government figures.

House prices in the region are still experiencing sensible levels of growth which is to be welcomed. Demand remains high, both from local buyers and those moving away from London and the surrounding areas. A shortage of good quality houses coming to the market in the second half of 2016 will carry forward the pent up demand into 2017.

Our advice to anyone thinking of selling in 2017 is to start preparing now. Why not get ahead of the opposition and launch earlier in the year in order to take advantage of the current levels of demand. With fewer competing houses on the market, there is a greater chance of securing a sale during the first few months of the year.