Piccolo Property Services

When it comes to having a blooming garden in spring, October is the time to prepare! #Sales #Gardening #Salisbury #Wilton Lou Fletcher Pennie Gill https://lnkd.in/eNB8qHCp

The number of available homes for sale per estate agent has reached its highest level since 2014 and 12% higher year-on-year, giving buyers the pick of the crop! 🧑🌾

The latest snapshot of sales activity from Rightmove shows that the number of #house sales being agreed is now 29% ahead of the same period last year. According to the latest report, October 2024 saw UK property prices grow by just 0.3%, a slower rate than the usual 1.3% typically seen at this time of year. With the increased number of homes on the market, buyers have more options, leading to a more competitive market where sellers must price attractively to secure sales. Despite the subdued price growth, buyer demand remains strong with a 17% increase in property enquiries compared to last year. Economic uncertainty ahead of the #Autumn #Budget has led to caution, with some buyers holding off for anticipated lower mortgage rates. However, underlying market fundamentals are solid, as wage growth outpaces house price increases, signalling a positive outlook for 2025. Experts expect that the combination of increased affordability and the potential for cheaper financing will drive continued market activity next year, creating an opportune time for buyers to secure competitive deals. This all highlights the importance of strategic pricing for sellers and cautious optimism for buyers. As more properties enter the market and affordability improves, there’s a growing window of opportunity for first-time buyers and investors alike. Staying informed and proactive in pricing strategies will be crucial for those looking to navigate these shifting dynamics. #propertyexperts #Wilton #Salisbury #sellinghomes Piccolo Property Services Pennie Gill

🏡 Average rental yields hit a ten-year high in the summer of 2024, fuelled by massive demand from tenants and an ever more acute shortage of homes. Lou Fletcher Pennie Gill #BuyToLet #Sales #Tenants #Landlord https://lnkd.in/egS2umNa

Falling mortgage rates are helping boost sales levels. There were 332,200 sales agreed across the UK in Q3 2024, 23% above the same period last year!

🏡Perhaps you're relocating for work, heading off on an exciting adventure, or looking to create an extra income stream while moving on somewhere else. Lou Fletcher Pennie Gill #Rental #Salisbury #Wilton https://lnkd.in/ep_K9zur

The latest edition of our newsletter, Property News & Views, is here! In this edition: 🏡 Sales: Style your home to sell this season with a timeless luxury look 🏡 Lettings: The Renters’ Rights Bill – Our must-read guide to what it means for landlords in Salisbury 🏡 Featured Property: Shearcross Farm – A charming 4-bed detached house in Crockerton #propertymanagement #property #lettings

It's finally the weekend! This quarterly Opinion Poll tracks sentiment in the housing market, based on the experience of estate agents across the UK. With mortgage rates falling and markets expecting another interest rate cut in November, 61% of agents say buyer confidence is significantly or slightly improved compared to three months ago.

🍂 Why is Autumn such an underrated time of year to sell? Nature looks a treat, there are fewer homes to compete with, and if you want to be sure of moving in spring, now’s the time to start. https://lnkd.in/eH6Ze4cv Lou Fletcher Pennie Gill #Autumn #Selling #Salisbury #Wilton

Happy Weekend! Despite the September fall in consumer confidence, levels remain well above the lows of 2022.