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Gordon & Rumsby: Update On The Property Market

March 24, 2012

Gordon & Rumsby Estate Agents in Devon & Dorset: Market Update

Spring has Sprung, the clocks are changing and Gordon & Rumsby are looking forward to a bright summer…..Literally! The sun is streaming through the windows and it’s only March.

We’ve been welcomed to our new office by the residents of the market town of Colyton, here in Devon, as they continually drop in to say hello and wish us every success. It is pleasing to see that community spirit is still alive and well.

Not only that, RICS UK Housing Market Survey is looking more positive too. The number of sales transactions has edged up since February, which is partly due to first time buyers rushing to beat the stamp duty holiday deadline, which coincidentally is today as I write this.

Once the deadline has passed it will be interesting to revisit the statistics to compare the number of transactions.  Nevertheless, Gordon & Rumsby have definitely seen an increase in viewings and transactions since January, and most of our customers are not first time buyers.

On a less positive note there was yet another price dip last month, but according to RICS there is a hint of a suggestion that prices may start to turn around in the months to come. London is already seeing price increases and has done so for some time now. Reportedly, surveyors are more optimistic about agreed upon sales prices, and it is the first time for nearly two years that they are not predicting further declines.

Are you thinking about moving this year? Spring is traditionally a great time to get your house on the market. Contact Us through the Gordon & Rumsby website or give us a call on 01297 553768 or 01460 30888 to arrange a free valuation, or have a chat about the market. We look forward to speaking with you.

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