The sales market was understandably subdued during the summer months but we have now seen greater activity and commitment during September. The market is and will remain price sensitive however there are more buyers entering the market with a renewed commitment and I feel you will see September sales recorded as being one of the better months of the year. “My thoughts are that for the first half of the year buyers were happy to “wait and see” …with half an eye on Brexit negotiations and half an eye on the UK economy. It seems that those same buyers have now decided that “life cannot go on hold indefinitely” and are prepared to buy. Combine this mentality with excellent mortgage deals and a more competitively priced stock list and it is no surprise that deals are happening” suggests Andrew Nunn. “We are fortunate that we have an excellent long standing client base who take on board market conditions and are prepared to listen to our advice in order to make the sale happen” says Andrew “and I guess, with hindsight, that makes sense as I have been through four previous “ market cycles” here in Chiswick since 1986 which enables me to provide balanced advice to every client”. If you are thinking of selling then Andrew can be contact on 020 8995 1500 or email@example.com www.andrewnunnassociates.co.uk Sales Update Theresa May promises £10bn Help to Buy boost It has been thought for a while the government need to do more the help reboot the stagnant property market. It was announced that Theresa May will at least show some willing by boosting the Help to Buy scheme. £10bn has been offered to let another 135,000 people get on the property ladder. The extra cash will help buyers get a mortgage with a deposit of as little as 5% to buy newly built homes. Mrs May gave no detail about the source of the funding and said plans would be outlined in the Budget on 22 November. Home ownership has fallen in recent years, with 62.9% of the estimated 22.8m households in England being owner-occupiers in 2015-16, the Department for Communities and Local Government found. That is down from 70.9% in 2003. Just 20% of those aged 25 own a property, compared with 46% two decades ago, according to the Local Government Association. Almost half of those aged 24 to 34 in England pay rent to a private landlord. Mrs May also promised more safeguards for tenants in the private rental sector and incentives for landlords to offer longer tenancies. The Help to Buy scheme has helped more than 200,000 people buy a newlybuilt home in the past four years. The scheme now accounts for one in 12 of all first-time buyers and has helped the industry to keep investing in new sites.
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