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Budget Update 2023

Budget Update 2023

Date Posted: 05/04/23

In what seems to be good news for the UK property market, the economy is projected to avoid a recession in 2023, according to Chancellor Jeremy Hunt's Spring Budget. Despite enormous challenges, the British economy has proved doubters wrong, with inflation predicted to fall significantly and the country expected to avoid two consecutive quarters of falling GDP.

These positive economic indicators bode well for those interested in buying or selling property in the UK. Additionally, the budget includes measures that will provide further support for households, such as expanding free childcare for children aged nine months to four and the abolition of the pension lifetime allowance.

The property market is shifting to favour buyers, providing a golden opportunity for those looking to purchase their dream home. Negotiation has become crucial during these times, as buyers are no longer expected to make full and overpriced offers. While some sellers may not have caught up with the changing landscape, many are embracing the shift and working towards acceptable deals with buyers.

With an increasing number of buyers entering the market, it's important for sellers to work with experienced estate agents who understand the nuances of negotiation. Putterills, a company with over 30 years of experience in the local property market, understands the importance of a great negotiator who can orchestrate negotiations and smooth out the inevitable ups and downs of the process.

For those looking to sell their property, working with a dealmaker rather than an order taker is essential for achieving the best result. Choosing the right estate agent is a key factor in the success of any property transaction. Whether you're buying, selling, or renting, Putterills has the expertise to help you navigate the market and achieve your goals. With goodwill, clear communication, and a sympathetic attitude, a successful negotiation is possible for both parties, resulting in a win-win outcome.


The Putterills Directors

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