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Tue 5 October 2021
Think of an estate agent’s office as a petrol filling station. Over the past eighteen months there have been queues of buyers wanting to find a property. The boost in enquiries has kept agents rushed off their feet. The demand is higher than it’s ever been in working memory for many in the property business.
Things will probably normalise at the pumps before long. Apart from the blame game – how did this happen and why? – everyone will soon be going about their business as before.
But the property industry is not like the fuel business. With fuel we’re told there is a distribution issue. With property there is currently a supply issue. This difficulty will resolve itself when enough people in the existing housing stock want to move on, and more new homes are built.
Like fuel, the property market will take time to settle, although it will take longer. But everyone should be aware that with property there is no ‘normal’. It is either flying high or flying low – or heading in one of those directions. Buyers and sellers must play the cards they have. Whether it’s a buyers’ market or sellers’ market, it will all even itself out in the end.
So, be a property optimist. Don’t let the market rule you. Do what is suitable for you and your family when you need to. That way you will rule the market and not be a panic buyer or seller. And if everyone does what you do, there will be more property at the pumps.
Andrew Granger & Co’s experienced sales teams are ready to help you with all aspects of your property move. With offices across Leicestershire, in Market Harborough, Leicester, and Loughborough, get in touch today to book your free property valuation at www.andrewgranger.co.uk.