Company Tag: Garrington

Top buying agency points to improving sentiment amongst home-movers, suggesting average house prices will rise by 3-4% next year.

Garrington's latest housing market sit-rep takes an upbeat view of recent political and economic happenings.

Garrington negotiated double-digit discounts on the majority of its £2mn+ deals last month...

'With many buyers spoilt for choice and sellers keen to get a deal done, generous discounts are still achievable for buyers who do their homework and negotiate effectively,' says Garrington.

'A slow and steady recovery is more likely than any form of significant resurgence in the near term,' says Garrington.

Garrington heralds a 'rosier' outlook for the property market as a 'flurry of new listings enters the prime market,' having been 'deliberately held back pending the election result.'

'There is growing evidence that we may see a strong late summer market with a ‘Rishi rebound’ or a ‘Starmer surge’ if the next few months bring cheaper mortgages and a return to political stability,'…

Buying agency highlights May's key property market trends, including resurgent interest from investors, country house downsizing, and the 'distraction' of a looming General Election.

Estate agents are telling Garrington's team that they 'are having to accept vendor-led prices to ‘test the market’ prior to either offering price reductions or accepting a lower offer.'

'The start of meteorological spring hasn’t yet created a profound difference in the weather and the same could be said for the property market,' says Garrington.

Buying agency reports 'a healthy volume of off-market property that will be launched in spring, if not sold beforehand'.

Garrington pinpoints 'new crop of hotspots' blending natural beauty, quality of life and value for money.