North West's Largest Independent Estate Agent

Newsletter Issue 5: August 2012


The feel good feeling delivered by the Olympics seems to have had a positive effect on the local market over the past 6 weeks.

Despite the poor Bank of England economic outlook delivered this week about a double dip recession we have seen no signs of this in the activity levels across our branches.

That’s not to say that the market is growing dramatically, it is simply holding it own with the volume of transactions slightly up on 2011. This is still only 60% of the number of transactions averaged in the 5 years leading up to 2008.

Students are returning to the City and the rental market is consistent with last year despite the predicted drop in student numbers, the effect of the drop will not be felt in the market for probably 2 years.

Auctions are very strong with an increase in volumes of sales and also a slight increase in prices achieved.

Mortgages are becoming available and there is more interest from first time buyers which is another small positive step.

If you’d like any more information on any of the subjects discussed please contact our editor Natasha Goodwin na.goodwin@venmores.co.uk or myself rob@bflhomes.co.uk

We hope this newsletter provides a good positive read!


Rob Farnham
Chief Executive


NEXT AUCTION: 13TH SEPTEMBER 2O12

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