Skip to main content

2009 here we come!

Just a short commentary on the start of 2009.

Most agents weren't back until the 5th of January after finishing on the 23rd or 24th of December. Don't misunderstand me, 2008 was one of the toughest years for estate agents on record so I'm not knocking anyone who took the opportunity to recharge batteries that were severely drained by the market. We were around between Christmas and New Year and a lot of the time our phones were switched through to my mobile. During the break we let two properties and since the start of 2009 it has been the rental market that has shown most life. We let 3 on Saturday 11th alone!

So, the rental market is alive and kicking strongly – for us anyway.

Sales need to get going and we have certainly arranged plenty of viewings so we are hoping for some offers to work with from 12th January onwards. Judging by the activity on our website and Rightmove there appears to be some pent up demand. In truth the lenders need to lend – then we will have a market in recovery. Not fixed, but in recovery.

I'll keep you posted!


 

Comments

Popular posts from this blog

Interesting Rental Market Research

SimplyBusiness.co.uk report on the Changing Face of Britain’s Landlords as Young Entrepreneurs enter the Market Analysis from SimplyBusiness.co.uk has indicated a significant change in both the age and gender of private landlords in the UK. The traditional face of the archetypal British landlord is changing according to the study which shows there is a new, younger breed of landlord entering the private rental market; which would indicate that when it comes to property, many still think that there’s money to be made. Comparative data of landlord insurance policies sold by SimplyBusiness.co.uk in 2006 (versus 2010) shows a marked increase in landlords aged 18-34. Likewise the gender gap is beginning to close as 39% of landlords insured via SimplyBusiness.co.uk are female, versus 36% in 2006. Interestingly, when comparing the types of property being insured, there hasn’t been a statistically significant change since 2006 with terraced housing still accounting for the largest

CHRISTMAS 2019 - RENTAL HOMES

CHRISTMAS 2019   The festive season is not far off and we just wanted to take this opportunity to confirm our opening hours over the Christmas holiday period and also to outline a few procedures: We will close for the holiday period at   Midday on 23rd December . Opening on   27th and 28th December between 9am and 1pm . We will open normally from   2nd January 2020 at 09.00 . Day to day issues which could wait until normal office hours resume on the   2nd January 2020 , should be reported then.   Our contractors may be on call but many of their suppliers close down over the Christmas period so parts can be hard to locate. We will not attend any “lockouts” over the Christmas break but can pass on the details of a good local locksmith if this occurs – the cost of which will, of course, be yours. A small request   – if you have   any   problems with your heating and hot water now or maybe an appliance that is a bit temperamental and you have been meaning to report the

What about afterwards?

It seems hard to believe that this COVID19 situation has been with us for just over 4 weeks. It actually feels like at least 2 months. If you can bear to watch the daily briefings from the government without reaching for a razor blade then you will be hearing that, just maybe, we are reaching the apex of the death rate curve and, just maybe,  there will be a relaxation of movement and a return to economic activity by most of us, subject to social distancing, masks etc. From a property market point of view, I've been decrying the gloom merchants who have been talking about 16% price falls. This is for reasons that beyond economics, people go their own way and predicting human sentiment to situations is not an exact science. I came across this article by a well-respected commentator called Roger Martin-Fagg who seems to see things my way - or I see things his way!  You have the time available so I recommend that if you want a spoonful of positivity then read this post: https: