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TBS in The Times – Autumn bounty: in season for a bargain

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Knight Frank
London and Country specialist property buying agents
06 Sep 2019  |   Harry Gladwin

Albert Einstein said ‘…in the middle of difficulty lies opportunity’ – this statement is particularly true of today’s property market and it could be the time to bag a bargain.

New figures released by Nationwide highlight that there was an increase in the number of buyers in August, albeit a slight one. According to Knight Frank, sales over £1million are flying high, especially in the West Country, Surrey and Dorset. There is likely to be a huge purchasing opportunity over the next few months as we enter unprecedented political times. The other incentive is cheap mortgages which are expected to fall further.

As prices in the rest of the country come down, the Cotswolds property market, particularly the North Cotswolds market, remains healthy.

Harry Gladwin Partner at The Buying Solution says; “ Whilst no one location is immune, the North Cotswolds and North West Oxfordshire remains exceptionally sought after and best in class properties over £1m continue to sell under competition. If one drew a triangle from Oxford to Stow on the Wold to Banbury, I cannot think of a time when there have been fewer £1m+ houses to buy and that represents a real opportunity for sellers. In terms of activity from a buyer’s perspective, the challenge is finding stock to buy. The ‘flight to quality’ continues – when the market is generally weak and buyers feel uncertain, the smart money tends to gravitate towards the most sought after regions and the prime locations within those.”

To read the full article click here; https://www.thetimes.co.uk/edition/bricks-mortar/autumn-bounty-in-season-for-a-bargain-x6r6k6p2q

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