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JULY MARKET REPORT

July is traditionally a split month, the first half being busy with both sales and valuations. The second half, busy with sales and the chatter of upcoming summer holidays. The traditional dip in activity during the kids summer break hasn`t happened, demand continues to remain high with limited supply bolstering prices and continued record sales.

Rumours abound over interest rate rises, which are inevitable, however, I firmly believe we will continue to see a strong local market with continued growth whilst demand outstrips supply. A word of caution though, over pricing by less scrupulous members of our industry will leave you with a head ache at mortgage valuation stage, often too late once you have committed to an onward purchase leaving you financially out of pocket or even worse, losing the house of your dreams.

On a more personal level I would like to thank our loyal customers for their continued support making 2015 another record breaking year for Barons and keeping us in the top rankings of estate agents. We will continue to strive to maintain our high levels of professionalism and standards as recognised by the National Association of Estate Agents, as Barons is a Fully Licensed Member.

Finally, on a lighter note, keep an eye out for our fun branded Smart Car.

Have a great summer holiday.   

Report by,

Trevor Lee FNAEA


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