THE all-important question - is it affecting the local housing market?

There isn’t a definitive answer, but what we can say is that the year has been very up and down.

We haven’t seen house prices change dramatically or indeed at all but what we have seen is a shift in activity in certain sectors of the market.

By this time last year there had been many more transactions in excess of £1.5m, with all properties from £200 - £1m selling well.

Up until the end of September this year, nearly all transactions were in the latter price group, suggesting that the upper end of the market was waiting for news on the all 'illusive deal'.

Then, quite unexpectedly, there has been a turnaround since the beginning of October and we have seen a noticeable increase in activity in all price ranges with a number of sales being agreed in both price groups.

So, as usual, the housing market is proving as unpredictable as ever!

Holding its own and showing us that trends of spring and summer being the most popular months to move are no longer the norm.

As we get closer to March, there are bound to be some further fluctuations in supply and demand.

This is only to be expected, however, there are some predictions that once a ‘deal' is formed, there will be a sense of normality returning to the country, which can only result in more confidence and an increase in the desires to move home.

We are speaking to a number of prospective vendors who are thinking about a move.

This shows us that there is likely to be a significant increase in new property coming to the market in the New Year.

Richard Murray

01453 755552