Published: 29/07/2024 By Giles Wreford-Brown
The last quarter of 2023 ended positively despite the initial uncertainty in the Residential Sales market due to steeply rising interest rates and stubborn inflation. The rates froze in late 2023, and the turn of the year brought brighter prospects. Some lenders began offering enticing fixed five-year deals of under 4%, significantly improving buyer sentiment in 2024. The feeling of uncertainty and the squeeze on available cash consumers were facing both showed signs of moderating, instilling a sense of optimism in the market.Today, the residential market is showing promising signs. The number of registered applicants continues to rise, and instructions and sales are up from last year. Correctly priced properties sell at or close to the guide prices, indicating a healthy market. However, the conveyancing process still frustrates many sellers and buyers, a challenge our agents are committed to helping clients overcome.
The election delivered a Labour landslide. Regardless of political opinion, elections tend to bring good news for the housing market, with predictions of a fall in interest rates and inflation. Our region, known for its resilience to broader market turbulence, is also attracting more people looking to relocate here. These factors could and should lead to a stronger second half of the calendar year.
Moving home is often considered one of life’s most stressful periods, but it doesn’t have to be. Our experienced and qualified agents are here to provide professional advice and guide you through the process. We’ve got you covered, from the appraisal of your home to the preparation of legal documentation, marketing, negotiation, sale management, and advice on a forward purchase, including survey and planning.
If you are considering moving in 2024 and would like details of the full range of residential services Symonds & Sampson can offer, please contact Giles Wreford-Brown in our Sturminster Office at 01258 473766 or our experienced Estate Agents in your nearest office. Meanwhile, we invite you to visit our stand at the forthcoming Honiton, Melplash, Gillingham & Shaftesbury and Dorset County Shows this summer. Find the event details here.
Residential Sales and Services
Property For Sale
Foxglove Cottage, Fleet, Dorset. Sold May 2024