Market Conditions

August 2019

Those landlords who could be called ‘reluctant’ have, in the last two or three years, sold their properties,  so we are left with possibly a longer term and more committed approach.

As a result, in the spring, some rents were reduced to keep activity levels up but now there seems to be good demand and we are arranging lots of lets right across the price range.

Our stock levels are good and our transaction levels are positive.

On the sales side we feel that there is a very gentle decline in prices continuing, probably reflecting national uncertainties in part but also increasing global concerns.

As always in the Newbury area, employment levels are exceptionally good and this sustains confidence and house transactions. Our viewing levels are very high, stock levels are good and there is generally a positive feeling amongst our vendors.  Competitively and correctly priced, not cheap, will almost guarantee a sale in a reasonable period of time and we will always of course help you to negotiate the purchase of your new home if that is useful.

At Downer & Co. we invariably try to be helpful and honest and find that this approach continues to ensure that we have very high levels of business throughout Lettings and Sales.

Call us if we can ever help in any way.

With best wishes,

Simon Downer FRICS
Simon

DOWNER & CO Chartered Surveyors and Estate Agents, 44 Cheap Street Newbury, Berkshire RG14 5BX
Residential Sales • Lettings & Management • Land & Development

Newbury: 01635 523777 (Sales) 01635 523880 (Lettings)
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