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September Beckons

September is historically the start of the second busiest period in the property world – we’re waiting with baited breath!

Following the driest July on record, August has been a mixed bag, and disappointing for those like myself who holidayed in England! It is to be hoped that the farmers managed to harvest all their crops before the recent torrential rain. They don’t need any more problems following the issues regarding the amount they are paid for their milk.

Generally August is a quiet month as far as the property market is concerned, but the bow wave of activity built up following the election seems to have continued. The plaudits say that there is a shortage of property coming onto the market, and this should lead to an increase in house prices. Recent Land Registry data however, shows that the rate of increase is still falling, but watch this space! Our latest information is that in the second quarter we achieved an overall 97% of the asking price on our residential sales. Not a bad result in an ever-changing market.

The news regarding the Chinese economy hasn’t helped, with stock markets plummeting throughout the world, but traditionally, in times of strife, investors tend to revert back to ‘bricks and mortar’, so we therefore await with baited breath to see how September will pan out, which is historically the start of the second busiest period in the property world. Bring it on!

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