Property Search

Call Me

The Market

2016 has been an incredibly turbulent year for all of us. The first huge event of the year was Brexit which led to both lettings and sales being affected within hours of the result. This was then followed by the U.S. Election surprise result, and created a further slowdown which was felt across the global markets.

However, now we have the conclusions to both huge events, the dust has begun to settle. 2017 still has elements of underlying uncertainty but people are feeling more positive going forward into the new year. Post Brexit property prices decreased in some cases as much as 5 - 10% . We remain positive that next year's prices will stabilize with increased demand creating a more buoyant market.

The lettings market has also had uncertainty due to the same factors. Also with the governments dramatic changes to tenancy fees this may well encourage more people to the market next year.

From all of us at Realm, we wish you a very Merry Christmas and a Happy New year!

Published on 21 December 2016