Mullucks Wells
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Mullucks Wells reports April figures 40% up on previous year
According to William Wells, Residential Sales Director, "these figures indicate that the market is much stronger than is being reported in the press. The demand for property in this area is still there but, undoubtedly, buyers are more cautious. Providing you also have sellers who appreciate that the market has changed and are prepared to be flexible on price, a deal can clearly be done.
"It is also interesting to note that the number of aborted sales dropped during this period by over 60% which would suggest that the increased levels of caution in the market generally has deterred many who do not have to move from entering the market and has subsequently left us with very much more committed buyers and sellers.
"Many people are choosing to sell up and move into rented property in the hopes that they can buy again when prices have ‘bottomed-out'. This will inevitably lead to a sellers market when these people come back into the frame and this should see prices being pushed back up."
If you would like more detailed advice on the property market, please contact William Wells on 01279 756629 or David Emberson on 01799 582601.
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