There has been a definite change in the market over the past few weeks with the number of sales agreed by ourselves increasing significantly, we now have more sales awaiting survey and mortgage approval than we have had for quite some time. I have checked activity with the other main agents and a similar situation exists - thankfully. This activity is good news in that people ARE moving - either upgrading, downsizing or indeed taking their first steps onto the property ladder.
Prices range from a one bedroom apartment at £102,000 to a £400,000 four bedroom detached property. We have also been successful with two more swaps - again very encouraging.
Ramsey office has also reported good activity over the period and both branches have been encouraged by the quality of new stock listed. One feature dominating the market at present is the quality of the buyer which is excellent in that they have their mortgage approved, have sold a property or are cash buyers.
It is also interesting to read in the local business press of new start up companies thereby reducing the numbers unemployed which is good news for all generating more cash in the market. Also encouraging to read that UK house sale numbers have also increased dramatically which bodes well.
We hope that this new confidence in the market remains as we go through the year.
David M. Creane
Chairman
