Market Comment from David Edwards, Managing Director.
There wasn’t a great deal said by the Chancellor in the recent budget that is going to assist the property market. There were hopes that with the market suffering from low levels of transactions and a lack of confidence the Chancellor would assist the market, so we were a little disappointed.
There was some hope of some help to buy initiatives to stir the market at the bottom, but this did not happen, so the lower end of the market remains slow with the slowing down of the investment market. No changes either for stamp duty, so this continues to slow the higher end of the market.
So it’s plough on for now and let’s see how the Spring performs. We are however still seeing good activity in the middle sector with rapid sales!
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