Market Update

September saw the traditional increase in activity following the summer holiday period and greater numbers of potential home movers taking steps to sell, buy, let or rent.

Whatever your view on the outcome of the Scottish referendum, the result is almost certainly the best in terms of the stability of the financial and other markets and it is very much “business as usual.”

The manic levels of activity and urgency seen in the early part of the year have subsided and there are slightly greater numbers of properties coming to the market for sale. This is rebalancing supply and demand and ensuring that house prices, in the main, level off and do not cause the market to “overheat.”

The extra choice available to would be buyers is encouraging many to take the opportunity to move and to take advantage of the extensive range of competitively priced mortgage products available.

As always, seeking professional mortgage advice is vital for everyone and our advisers will be pleased to assist.

The lettings market continues to perform well and offer good returns for landlords who take a sensible view on balancing rental income levels with security and quality to tenure. With more and more tenants seeking well managed properties to rent, the value of our fully managed services are becoming increasingly recognised.

With recently released inflation figures at ever lower levels, the economy looks set to continue to grow and see unemployment figures reduce further. There may be growing pressure on income levels and on seeing interest rates rise in the coming months but overall the prognosis for the property market remains positive and now will, I am sure, be looked back on in the future as having been a good time to move.

The team and myself are here to assist and welcome your enquiries.

Peter Lawrence