A lack of properties coming on to the market coupled with increased demand from purchasers is pushing valuations higher.  That means that now is an ideal time to market your property if you’ve been considering a move. Likewise, if you’ve pondered becoming a landlord, demand in the rental sector is similarly buoyant and we’re seeing good quality properties let quickly.

Our own in-house figures speak for themselves: there has been a 10 per cent rise in people registering to either buy or let a property this summer compared to figures from the same period in 2014, and here at Andrews we’ve taken 16 per cent more calls during the summer too - this is normally a time during which enquiries drop off due to holidays.

Of course, the property market as a whole has enjoyed growth as we emerge from the economic downturn, but this year in particular has posed some interesting conditions that have, in part, led to the position of high demand and low supply that we’re currently experiencing.

The general election created a hiatus in the property market, impacting both sales and lettings, and it has taken longer than anticipated for the market to bounce back.  However, as our figures clearly demonstrate this bounce back is now firmly under way and as such we anticipate the remainder of this year to be incredibly busy.

Whilst here at Andrews we have seen an increase in customers looking to either purchase or let a property, at the same time many sellers continue to practice caution and are waiting to market their property until they have found one which they wish to purchase. It is our feeling that this dip could be as significant as 10 per cent fewer properties overall coming on to the market this year and whilst improvements in market conditions since the election have improved this situation, the rate is still six per cent below 2014 figures.

This compounds the supply issues and as such we’re working to encourage customers to put their properties up for sale at the outset of their own search in order to create more overall choice within the market. 

Demand in the lettings market is also buoyant and good quality properties are being let quickly at good rates. With increased interest in buy-to-let since pension reforms earlier this year, there really is no better time to consider a move to becoming a landlord.

Indeed, whether you’re looking to sell or let your property, with a branch in Kingsbury Andrews is the place to head to for advice and guidance on how to best benefit from the current market conditions. Or you can visit www.andrewsonline.co.uk