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Oct 2 2017

Autumn leaves and the market ripens

As  we're now in what feels and looks very much like autumn, 2018 looms in  the not so distant future, and it's difficult to predict what the next  political moves  might be. Certainly Brexit is still a key issue, and one that is likely  to shift and change shape as negotiations continue to unfold.

In  the property market, we're starting to see some of the most attractive  property prices than at any other time in recent years. Couple this with  the continued  availability of great mortgage products available, and it's starting to  look more and more like a market for the right buyers.

From  a vendor's perspective, this might be a great time to consider trading  up. Although you may not achieve what you think is the most attractive  price for your  property, there are some even more exaggerated bargains to be had as  one moves up the price scale. Couple this with a heightened demand at  present for smaller homes – 2 to 3 beds are very popular with the  blossoming first-time buying market. The smaller gains  you make on selling your home are likely to be largely overshadowed by  the relative savings that you will make on a larger or newer home.

Whilst  it appears that the prime central London market has had the wind  somewhat taken out of its sales for a sustained period of time now, we  would suggest to  both investors and homeowners to look to West London where we have not  seen such a pronounced impact, and growth factors including Crossrail  look set to increase the attractiveness of the area.

Reports  in the press are at present very mixed, ranging from strong house  prices and growth right the way to doom and gloom, it's not that easy to  get an accurate  view of your local situation from the national media. Striking up a  rapport with your local, independent agent may be the perfect way to get  a better picture of what's happening near you. Not only that, but there  might be the perfect opportunity for you –  whether you're buying or selling!

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