Positive signs for the property market.
Are we seeing a property bounce and what does that mean? Alex Mackay co-founder of Mishon Mackay offers us his commentary on the latest stats released by Rightmove and the recent mortgage interest headlines.
Given all the property and mortgage stories in the news over the last few days we thought it was timely to get comment from our Co-Founder & Owner, Alex Mackay:
“What is a bounce? Does a 26% increase in properties listed count? How about a 17% increase in enquiries? Well, these are the stats released by Rightmove following the activity on their property portal on Boxing Day.
Rightmove’s property expert, Tim Bannister, commented “The scale of this year’s Boxing Day bounce is an early positive sign at the start of the year that buyers and sellers are out there and taking action, likely including some movers who had put their plans on hold last year.”
At Mishon Mackay we have certainly followed this trend with the launch of 62 homes and over 100 viewings arranged on the first day back to work on the 2nd of January.
There is a positive feeling in the offices about the market and with yesterday’s news that the Halifax has reduced their mortgage rate by 1%, things certainly do appear more positive.
It looks like the time has come to get off the fence. Put that offer in and get the process started.”
If you have any questions about the property market for Alex, then please email him on alex@mishonmackay.com