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Confidence returns to the market

Posted on: Tuesday, September 27, 2016


Confidence returns to the market

The latest monthly report produced by the Royal Institution of Surveyors has indicated that the housing market is stabilising in the wake of the UK’s vote to leave the EU.

The report gathers the observations of surveyors across the country, and is considered to be a good measure of confidence within the market. 

Following the referendum result, initial findings suggested a drop in prices as uncertainty amongst buyers grew. Members of the Institution are now forecasting an increase of around 3.3% a year for the next 5 years. 

One of the main factors in the predicted increase is a shortage of property for sale. Average numbers on estate agents books have been dropping over recent months, with numbers close to the record low recorded last December.

However, the recent base rate cut, record low mortgage rates and low unemployment levels, should help to boost the confidence of potential buyers over the next few years, as negotiations to leave the EU begin.

 

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Roger Coupe is an extremely professional estate agent. We worked with James (and Edward) who were just fantastic. James handled our house purchase with such reassurance that we knew we were in safe hands. The communication was great and responsive throughout. Any concerns or questions were dealt with swiftly. I would have no hesitate in recommending Roger Coupe as the 'go to' estate agent, whether you are purchasing or selling. Thank you James!

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The team at Roger Coupe were fantastic. James was notably first-class, doing all that he could to ensure our tricky chain moved in the right direction. If we ever came to buy or sell again, we wouldn't look elsewhere but Roger Coupe.

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I highly recommend Roger Coupe, as a thoroughly excellent estate agent. They were responsive, polite and friendly throughout our house purchase saga, and frankly we felt very supported and in good hands! Thank you so much to Edward and the whole team.

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