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February 2023 Market Comment

February 2023 Market Comment

Date Posted: 05/04/23

At the moment the property market is like an untrustworthy compass.

The needle should point accurately; instead it is going round and round, making the public uncertain about the correct way to go.

Many people are faced with the rotating needle of conflicting information from the press and social media. Some commentators point to falling values, while others disagree. Headlines scream that higher mortgage rates will make it difficult for first time buyers, buy-to-let investors will be selling up en- masse, or that in a few short months we will be in a pre-banking crisis, pre-Brexit and pre-pandemic property market Utopia.

It’s challenging for most to know which way to go. Should one hold off buying or selling in the hope of a better market? But buyers and sellers will be piling in by then, which could mean losing the advantage of bold action now.

The answer to all these questions is to ignore the confused media compass and find a more reliable pathfinder.

Enter Putterills.

You might be astonished to know how much a good and experienced estate agent understands about their local property market. After all, agents’ activities are seen in the main to consist of social media posts, newspaper ads and For Sale and Sold boards.

But estate agencies are like icebergs: ninety per cent of what’s going on is unseen.

It has been suggested that it takes 10,000 hours (or approximately ten years) of deliberate practice to become an expert in anything.

For over 30 years Putterills have seen through to completion, thousands of property deals, through markets good and bad, economies booming and busting, in Spring, Summer, Autumn and Winter.

Putterills have been helping people and families to sell, buy and rent during the good and the not so good times in their lives. As experienced agents we have learnt what to do whatever the market, and we know what to do now.

So, if you want to know what direction is best for you in the prevailing property market, don’t trust a compass; trust Putterills.


The Putterills Directors

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