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Summer Edition 2015

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School Notices termly magazine - Summer 2015

Property market prospers

Property market prospers PROPERTY The independent school sector is now really affordable for your business to reach and the school of your choice will benefit from anything you spend. CLASSIFIED BANNER COSTS 1 month = £35 3 months = £85 6 months = £150 12 months = £250 Banners can be uploaded via your account at www.schoolnotices.co.uk or by contacting us at info@schoolnotices.co.uk Guy Robinson Head of Regional Agency 020 7629 7282 Home buyers who had previously hesitated to make a move due to election uncertainty are now actively returning to the market, with the latest figures showing a spike in volume and price growth across the UK. Our National Open House Day in June was evidence of this, turning over large viewing numbers and subsequent offers. We are seeing a welcome return of confidence to the housing market and the economy post-election, particularly in the prime country house market. With more properties and more choice, buyers are keen and ready to buy at the right price. We are expecting a busy market until the end of the year resulting in a rise in transaction levels that is likely to increase property prices, which we have revised from 3% to 5% annual growth. Popular homes for buyers remain the same; close to good transport links, picture perfect views, land or a large garden, well maintained structurally as well as internally, and for families to be near a fantastic school is a must have. We often find that homes near schools rated ‘outstanding’ by Ofsted will enter fiercely competitive bidding wars. There are other advantages too – these properties often hold their value in a challenging market and tend to sell faster if the market stalls, simply because there will always be parents willing to pay the extra premium for their children. This competition generates something of a micro-market. In the London market, we have already seen a marked change since the election. From a noticeably subdued atmosphere, those sellers and buyers who had previously hesitated have since been more enthusiastic in moving forwards with their property purchase. As such, we now expect a 3.5% annual house price growth across the Prime Central London market throughout the rest of 2015. Our London offices in Chelsea, Fulham, Knightsbridge, Kensington and Notting Hill are well placed to act on this activity and we expect this to level out steadily as we move to the end of the year. Interestingly, our latest Housing Futures research proves that lifestyle change remained the dominant motivation for moving. We similarly found that good broadband connectivity and an AGA oven ranked highly on buyers’ wish lists. With a positive outlook for 2015 and with Strutt & Parker’s national network and local expertise this is the ideal time for both buyers and sellers alike. 26 www.schoolnotices.co.uk www.schoolnotices.co.uk 27

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