July Property Trading and House Sales Insight

July Property Trading and House Sales Insight

11/08/2019

Self congratulatory editorial from estate agents is rarely appealing, but we’ll let it pass this time because it is refreshing to read some positive news after a July when we were bombarded with gloomy economic forecasts around the now likely no deal Brexit outcome.

A Busy Town Centre Insight

Since the beginning of 2019, house buyers have shrugged off the chaos around Brexit, and simply got on with making decisions around matters of day to day life, which are the drivers for a house move.

The trading results in July were best seen through the prism of a busy town centre branch such as our Fleet office, where two important factors leapt out of the trading activity.

Firstly, the volume of transactions which demonstrated the resilience in the residential house market, witnessed in £8.5m. worth of property exchanged in the month.

Secondly the importance of High Street showrooms, because out of the £6.5 worth of new sales added in July 75% of the buyers were local. Local factors drive the residential market, where house buying decisions are mostly made by factors such as schooling, access to work and general employment levels and family situations ranging from the three D’s (death, divorce and debt) through to the three N’s (new job, new baby, new beginnings).

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High levels of house sales at Fleet McCarthy Holden estate agents