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Property surges on despite Brexit uncertainty

Author: Craig Bees Published: 9th July 2019 09:12

The long Brexit delay appears to have had a positive effect on the property market with latest official figures showing that the housing market is experiencing a pronounced period of activity.The long Brexit delay appears to have had a positive effect on the property market with latest official figures showing that the housing market is experiencing a pronounced period of activity.
The long Brexit delay appears to have had a positive effect on the property market with latest official figures showing that the housing market is experiencing a pronounced period of activity.

Statistics provided by NAEA Propertymark show property demand from prospective buyers was at an eight-month high during May, with the number of registered property hunters increasing by an average of 16% during the month - the highest level of registrations since September 2018, another significant statistic in a period where increased levels of public activity are being seen across the market. 

The supply of available housing has also seen a rise in line with this increased activity, with an average increase from 35 properties per member branch on offer in April to 41 in May. This also represents a year-on-year increase of four properties from the same month last year. Average sales per branch also saw a brief increase.



So what’s behind this increased activity? Seasonal demand appears to have played a part, alongside the aforementioned Brexit delay which won’t see Britain exit the European Union before October 31st at the earliest. With that in mind, buyers and sellers appear keen to progress with their plans and transactions during this period of relative political calm. 

“It is encouraging to see the housing market bouncing back, with supply and demand rising to the highest levels seen since last year,” noted Mark Hayward, Propertymark’s chief executive.


“It's evident that buyers and sellers are no longer waiting for the outcome of Brexit and want to get things moving, particularly as many sellers are realising that it's a buyers' market in certain areas of the country.”

Cost of homelessness: thanks to those who got in touch after our last column on the enormous, and rising, cost of homelessness in the UK (£3.87 billion in the period 2013-8).

Like me a lot of you are angered by the staggering costs involved, especially  the current lack of any kind of plan to help tackle the problem. Watch this space.


Monthly draw:
plenty of time left to make this month your chance to win a case of Italian wines (red/whites/mixed) or get one month’s membership to Whittlebury Hall Leisure Club.

How To Enter: every valuation and instruction for sale or rental between now and Friday July 26 will be entered into the draw, the winners being notified by e-mail.

If you’re thinking of selling or letting your property and want to win one of these great prizes on offer call (01327) 359164 and speak to our sales or lettings team.


Until next time.

Craig Bees, MD Bartram & Co

E-mail me at craigbees@bartramandco.co.uk


Visit our website www.bartramandco.co.uk and follow us on Twitter@bartramandcotow



Tel: (01327) 359164


Fax: (01327) 359166

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