The Property Perfectionist™

And some estate agents are still valuing houses like it’s 2021!

Well, the Autumn Budget is finally out of the way, and there’s quite a bit for homeowners to get their heads around.

First time buyers are getting a helping hand through a new government scheme requiring deposits as low as 2.5% on eligible new build homes.

Landlords are facing another increase in tax on rental income.

Owners of properties worth £2 million or more are looking at an additional annual charge from April 2028.

And shared ownership is being opened up to more households.

But there’s something buried in the latest property market figures that I find far more interesting.

According to Zoopla:

There are 7% more properties for sale than a year ago.

Yet 7% fewer sales are being agreed.

Average London prices have fallen by 1%.

And 85% of homes across London and the South East are in areas recording annual price falls.

Now, here’s the really interesting bit.

41% of homes that didn’t need a price reduction found a buyer within 90 days.

Of those that needed reducing, just 19% managed it.

That’s quite a difference!

And it tells us something important about the market we’re operating in.

Buyers are still buying.

But they’re taking their time, comparing properties and being increasingly particular about where they spend their money.

And who can blame them?

They’ve got more choice.

So if your estate agent’s entire strategy consists of putting your property on Rightmove, crossing their fingers and suggesting a reduction six weeks later, I’d suggest there’s a better way.

A successful sale starts with understanding your competition, knowing your likely buyers and making sure your property stands out for the right reasons.

Not simply sticking an optimistic number on it and hoping somebody comes along with a bigger cheque book.

I’m James Hall, The Property Perfectionist™.

I spend an extraordinary amount of time analysing property markets, competing listings and buyer behaviour.

After 18 years in property, I’ve learned that the answer to why one house sells and another doesn’t is rarely as simple as ‘it’s just the market’.

If your home has been sitting on the market without the interest you expected, I offer a FREE Property Market Intelligence Report to help you understand what’s actually happening.

And more importantly, what might need to change.

Because buyers decide value.

And buyers compare.

Request your FREE Market Intelligence Report:
propertyperfectionist.co.uk/market-report

Clarity. Not optimism. Not guesswork. Just evidence.

James Hall | The Property Perfectionist™
Independent Estate Agent | Powered by eXp UK

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