Price it Right - Sell it quickly.
There is a feeling of optimism in the property market with a healthy number of sales now being generated up to £750,000 and not just by us but also our competitors too showing an improvement. Why you might ask? …… the days of new instructions going through a drawn out bartering process of up to 10% are long gone, listen to our professional advice and allow us to market your home accurately – we will sell it and get the best price possible. At Cowley Groves we market properties at the correct price and in the right way producing the best result for our clients…… it works. The market is currently very active between £250,000 - £375,000 and certainly anything detached in and around Douglas in that price range does not sit for too long; but it is also in this area we are running out of stock with buyers waiting – if you are wanting to sell contact our sales team on 625888 or alternatively email douglas@cowleygroves.com. The market in general is creating an array of interest although it is still slow above £1m, this may though change depending on the forthcoming general election in the United Kingdom, recent stamp duty changes and other additional taxes being discussed and this coupled with the possibility of a Labour Government may just send people our way – watch this space!
Based on our current figures the North of the Island is attracting extra interest, our Ramsey branch have sales in excess of £6m ranging from £80,000 to above £750,000 and there is a real ‘buzz’ in Parliament Street with new man Daniel Buxton at the helm. Another real positive is an increase with new business in the rentals market. Our lettings team have produced excellent figures for the early part of the year with no sign of this stopping, however there is a real shortage of houses to let in the East of the Island. This could be a sign that rental investors are now feeling a little more confident than in recent years and therefore are looking forward to holding on to their assets rather than to dispose of them….. this will also tie in with the fact that the general public are after a long time starting to see the benefit of low inflation figures signalling their money is going a little further and therefore it could be time to move with an upward change in lifestyle.
Overall; feel positive about the months ahead … we certainly do and are confident that the market will continue to improve throughout 2015.
Mark Canty MNAEA
Director, Cowley Groves
