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Here’s a quick overview of the property market this November.


The manic race for space prompted by the SDLT concession has definitely started to ease and we are now experiencing a near-normal healthy property market, albeit with a little less stock than expected, because we have sold most of it!

 If you plan on selling your home, it is vital you connect with buyers. At Fraser Reeves, we are committed to ensuring you connect with buyers. We know the local market, and we make sure you make informed decisions.

There are numerous surveys and research that seek to prove how various home improvements add a certain percentage to the value of a property.

 

There has recently been a marked increase in the number of people undertaking improvements whose motivation is specifically to increase the value of their property prior to a sale. If you are considering such improvements, you should approach such surveys with caution.

Straight-talking sincere advice can be invaluable in a world where too many people would just tell you what you want to hear! For example, the oldest trick in the book is for an agent to suggest an inflated suggested asking price in order to impress you enough to secure your business, only for tears to follow down the line when the property has gone stale on the market and the price has to be dramatically reduced in order to secure a sale.

Here’s a quick overview of the property market this October.

According to the Nationwide, annual house price growth last month was still very strong at about 10%, although this was down from 11% in August, and no doubt supported by the tail end of the SDLT concession which has now come to an end.

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