Increased Activity From Residential Buyers
The latest Nationwide Building Society figures suggest that house prices rose 0.9 per cent in June.
David Smith, Senior Partner at Carter Jonas, commented: "It's still very early to talk about the beginning of a trend, but you could say we're seeing the beginning of the beginning of a trend.
"Slowly, people are moving back to property, sensing excellent value, while prices are stabilising, propped up by short supply. At the same time, while the economy and consumer confidence remain weak, there is a feeling that we now know where we are and what we are dealing with.
"The unknown that we were facing only six to nine months ago is now more of a known and this, slowly, is driving property transactions.
"Demand is by no means strong but it is getting stronger, influenced, in part, by the feeling that interest rates may soon be rising."
Mark Charter, a Partner and Head of Residential Sales in Carter Jonas' Oxford office commented: " In Oxfordshire we've certainly seen increased activity recently.
"On Monday (29 June) we saw one our busiest days of the year so far, with nine offers received on seven sales properties. As a result, one sale has been agreed and we anticipate several more deals being tied up before the end of the week."
"There is definitely a greater degree of confidence amongst buyers, but without sellers committing to put their homes on the market, in some areas we face a shortage of good sales stock."
David SmithMRICS
Senior Partner
David has been in practice for over 30 years. He is unique in his expertise which includes covering a full range of general practice work. He has been actively involved in the development of man...
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David has been in practice for over 30 years. He is unique in his expertise which includes covering a full range of general practice work. He has been actively involved in the development of many of Andover’s commercial and retail business parks and is a prominent business figure across Hampshire and Southern England. David has a strong reputation for his private client work, in particular his knowledge and sale of country houses across the region. Married with three children, David has lived in a Test Valley village for 25 years. He is President of Newbury Rugby Club and Chairman of the Icknield Trust, a school for children with special needs.
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Mark CharterMRICS MARLA
Partner
Mark is a Partner and head of the Oxford office. He is a member of the firm's Residential Division and has experience of advising private property owners, land owners and institutional clients in ...
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Mark is a Partner and head of the Oxford office. He is a member of the firm's Residential Division and has experience of advising private property owners, land owners and institutional clients in the sale and purchase of country and city residential property in both Oxfordshire and Buckinghamshire. Mark is particularly well-regarded for providing high-net worth and international clients with advice on the management and operation of their country houses. He is also a valuer of country and city property for leading banks, accountants and solicitors in addition to private and institutional property owners. Outside work, what little time is available Mark divides between a wife, two boys, a wide variety of country pursuits and skiing.
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