Monday, July 4, 2016

What has happened since the Brexit vote?

Well just over 10 days since the UK voted to leave the EU and whilst its too early to predict how this will impact on house prices and interest rates its likely to be some time before we know the true extent of what the long term effects will be. However what I can comment on is the positive mood currently surrounding the housing market. In fact we sale agreed a Peverell property within 24 hours of coming to the market.  

The market throughout Peverell has actually been very positive with 9 new listings coming to the market since the 23rd June. As well as the new listings there have been 5 price reductions. A sign of vendors being active in the search to find a buyer. 

A fantastic statistic has been the properties that have gone under offer since the vote with 11 properties going sale agreed ranging from flats at £115,000 to family homes at £235,000.  

One thing we can certainly say is the market in Peverell is moving off of the back of what could be one of the biggest changes in the UK for many many years. 
Now is certainly a good time to be moving home and selling your Peverell property, interest rates are still very attractive and houses prices show no sign of changing at this very moment. 

Good luck and I hope I can be of assistance to you. 

If you have any questions regarding the impact of Brexit and how it could affect you please do not hesitate to contact me. mb@falconproperty.com or 01752 600444. 






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